Wyokie said:
WestWYOPoke said:
Ok I'll bite...I keep hearing people talking about "crushing our rights" and "keeping us in an unnecessary lockdown". I'm not agreeing or disagreeing with those statements, but what is the benefit to politicians, bureaucrats, etc in extending a lockdown? I just don't see the benefit of it, why do it if there's no benefit?
Not bashing, I'm truly confused as to how people see this as a possibility when I just don't see a reason behind it.
You need to read George Orwell's "1984." It's why a lot of morons are running around thinking communism is making a worldwide comeback. I get why but.....
There IS a strong possiblity of a second wave that just might cause more problems than ANYBODY could think of. People need to read up on the history of the last major worldwide pandemic....Spanish Flu (1918-19). The first wave wasn't at all bad. It was the second one that cause millions to die. The most conservative estimate for the total amount of dead is around 40 million. Some historians think at least 100 million deaths out of a world population at the time (1918) of 1.8 billion. We now have almost 8 billion.
What frustrates me is that there isn't more talking about preparing society for a potential second wave. If this little cunt nugget mutates the wrong way, the U.S. economy as we know it won't be able to function at all for a while, and it's already on its knees. So far we've spent $218 Billion on the very socialist experiment of the stimulus checks. Sure it was a life saver for many people, I'm sure, but it's a fart in the wind as far as long term solutions go.
And then we committed a potential $1.8 Trillion to the Commercial Paper Funding Facility, essentially putting up a guarantee on high risk investments and promising to cover the asses of major risk takers. The funny thing is that this is an initial $14.3 Billion item which somehow makes it get lost, but the Fed has it authorized up to $1.8 Trillion. That's our money going straight into pockets of people on Wall Street when the next crash starts happening. Neat, eh? For a comparison, Canada's GDP was less than that last year.
I get that you have to set up some extraordinary protections in times like these. I don't mind things like the GSE mortgage-backed securities purchases that we committed $1.25 Trillion to ($775 Billion of that has already been spent), because that will keep interest rates low and theoretically that money doesn't just disappear either. But maaaan...
We've made a commitment (it's not spent yet - it's "just" authorized) of over $6 Trillion already. $6 Trillion. That is OUR money. I'm not sure I call myself a fiscal conservative anymore because it has weird connotations and all, but... the things we've committed those $6 Trillion to aren't things that will help much if there's a second wave. Imagine the infrastructure HALF of that money could buy us even with people remaining socially distant and being careful while working on it? $440.5 Billion was spent on public infrastructure in 2017 (less than in 2007). Imagine what could be done with 7-8 times that? We could create a true fiber infrastructure for rural America, for example. Anyway, I'm rambling. I'm just frustrated to see all this money being committed to eliminating the risk for those who deliberately take investment risk. Yes, it made the stock market rebound, but that's because so many of those investors can't lose money now!