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Thread: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by upsideguy View Post
    Biden and Sanders will not be on the same ticket..... its one thing to run someone in their late 70's, but they have to be balanced my a much younger VP candidate. That person needs to be positioned to run in 2024 and give voters the assurance that would be a capable POTUS if the 80 year old guy suddenly had 80 year old problems.

    One thing you can take to the bank -- The Dem ticket will NOT be two old white guys...
    I agree to disagree. Simply having Sanders as VP will make it less likely the right wing will waste too much time and effort on impeachment. The left should be for healthcare reform and infrastructure.

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Chomsky View Post
    Source: (CNN) White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Apparently the administration's says they're economic plan is,

    "not right there now"

    And the market responded by saying,

    "Neither am I, then"

    And then the market erased its 1K point comeback from yesterday's 2K loss. It is now back up +300 for the day.

    I have no idea why the administration is having difficulties formulating a stimulus plan. You would think with the long lead-up with the virus to get to this point, they'd have some contingencies in place?

    But saying that, I am of mixed mind with Trump giving a press conference to announce he's working on the economic problem. On one hand he does have to calm the markets, and show them he's addressing the problem. But coming-out unprepared without a specific plan can cause it's own economic harm, to say nothing of causing a general lack of confidence.

    So since we don't have any specific plan to discuss, what is your opinion? Should Trump have come-out to try to quell the markets without a plan? Or, should he have waited until he was ready with something concrete to announce?
    One of the many problems with Trump is that his words don't mean anything. He's made too much pointless or downright damaging noise to now be taken seriously by anyone who is serious. He would do better not to say a word and to send someone with a brain to talk to TV cameras.
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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Roadvirus View Post
    Anti-Trump swipe noted.

    Now how about adding something intelligent to the discussion.

    Try this: What would you do to "stimulate the economy in the current uncertain atmosphere of fear"?
    Like a different poster before me, I'm not sure anything needs to be done. A market correction is overdue anyway. The interest rate cuts from last week are good. I guess if anything else needed to be done, I would be onboard with an infrastructure stimulus, which continues to stymie the federal government.
    "There was a child went forth every day,
    And the first object he look'd upon, that object he became"
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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by danielpalos View Post
    I agree to disagree. Simply having Sanders as VP will make it less likely the right wing will waste too much time and effort on impeachment. The left should be for healthcare reform and infrastructure.
    Biden/Sanders ticket? Lets hope the next speaker is younger than the current one.
    Love all, trust a few, do wrong to none. – William Shakespeare

    Have some balls and vote 3rd party


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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Ikari View Post
    Well it, at least, doesn't seem like it will be another -2000 sort of day, so that's good.

    Still, not really worried about Wall Street. I'd be far more concerned for Main Street.
    "Main Street" is where plenty of 401k's live.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by HenryChinaski View Post
    "Main Street" is where plenty of 401k's live.
    They do, I question the intelligence of investing our retirement into the stock market like that. But for most people the 401K is in the future, but their paychecks are now. If they're having to take 2+ weeks for quarantine or being sent to the hospital often, they'll have a hard time keeping up with everything. So if we're going to be concerned about someone, we should be worried about Main Street first.
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Lovebug View Post
    Biden/Sanders ticket? Lets hope the next speaker is younger than the current one.
    Why? Experience matters and Sanders could lead the healthcare reform and infrastructure initiatives; that means he can still deliver on issues with his constituency.

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Chomsky View Post
    Source: (CNN) White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Apparently the administration's says they're economic plan is,

    "not right there now"

    And the market responded by saying,

    "Neither am I, then"

    And then the market erased its 1K point comeback from yesterday's 2K loss. It is now back up +300 for the day.

    I have no idea why the administration is having difficulties formulating a stimulus plan. You would think with the long lead-up with the virus to get to this point, they'd have some contingencies in place?

    But saying that, I am of mixed mind with Trump giving a press conference to announce he's working on the economic problem. On one hand he does have to calm the markets, and show them he's addressing the problem. But coming-out unprepared without a specific plan can cause it's own economic harm, to say nothing of causing a general lack of confidence.

    So since we don't have any specific plan to discuss, what is your opinion? Should Trump have come-out to try to quell the markets without a plan? Or, should he have waited until he was ready with something concrete to announce?
    He has a plan his staff are a bunch of naysayers. he has a plan he put that plan into place people need to stop undermining him and do what
    needs to be done.

    I am sure there are several options on the table but Trump is trying to lay out the foundation and the ground work for it and he has all these idiot politicians that are bumbling around
    like morons.

    Trump is moving like a CEO. Here is an agenda no go execute that agenda. These guys are bumbling around because unless someone tells them to pick up the pencil and how to hold
    it and what to write they are stumped.

    typical government stupidity.

    He had something concrete to announce that is why he announced it.
    facts don't care about your feelings.

  9. #29
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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by Ikari View Post
    They do, I question the intelligence of investing our retirement into the stock market like that. But for most people the 401K is in the future, but their paychecks are now. If they're having to take 2+ weeks for quarantine or being sent to the hospital often, they'll have a hard time keeping up with everything. So if we're going to be concerned about someone, we should be worried about Main Street first.
    I agree and I constantly hear "It's a long term investment" And while there is truth to that, most people don't have 60 years.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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    Re: White House plan for economic response to coronavirus is ‘not there right now,’ officials say

    Quote Originally Posted by HenryChinaski View Post
    I agree and I constantly hear "It's a long term investment" And while there is truth to that, most people don't have 60 years.
    With all investments the key to real investing is diversity.
    Pretty much every financial adviser out there will tell you to always hedge your bets and to
    be diverse as possible.

    Depending on how old you are your 401k should be a mixture of
    stocks, bonds/cd's and foreign investments.

    I have what is called a managed 401k account.
    I have done very well with it.

    I am looking to diversify my 401k a bit more with an annuity with a guarantee protection on the principle.
    why? because it is nice to have more options and income when I go to retire.

    if you have all of your 401k tied up in stocks then yes you are taking a hit right now, but 401k is a long term investment.
    not short term. The good news is that you are not buying funds at a cheaper rate than you were.

    which means when the markets recover and they will you will see them really go up, and you will recover your losses.
    facts don't care about your feelings.

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