Rush Limbaugh: Economy Being Destroyed 'Under The Guise' Of Saving Lives

[calamity]

No, some stupid people think they know, too. :lamo

You know what else the not stupid people know?

We would have far fewer deaths if Trump wasn't out golfing when the virus came.

 

[iguanaman]

I'm guessing you're more or less correct. The economy is in a medically induced coma. Spending a bunch of money on "stimulating" the economy while we want people not to work is stupid.

We need debt-financed disaster relief for those no longer receiving income, and aid to local and state governments who are spending like crazy while getting far less tax revenue that usual.

Yes we need to fund people's mortgages and other necessities while they are furloughed so they can get back to normal as quickly as possible when this is over. It is amusing that the same people that claimed we were all panicking needlessly are now the ones flying off their rockers.

 

[jpn]

There's no way to know that until it's over. In hindsight, we might see that the shutdown blasted the economy for nothing.

There's not a medical expert on Earth who believes the shutdown will have been "for nothing."

 

[Moderate Right]

So what if he's an idiot? Sometimes he's wrong, and sometimes he's right. He speaks before thinking and he's mindlessly partisan. That doesn't mean he can't ever be right about anything.

I didn't say he was a total idiot. I agree with him on maybe 50%, 25% is further out there, and the other 25% he's just been sniffing too much glue.

 

[apdst]

There's not a medical expert on Earth who believes the shutdown will have been "for nothing."

And there's nary a one that has a chrystal ball, either.

 

[iguanaman]

There's not a medical expert on Earth who believes the shutdown will have been "for nothing."

Actually there is no sane person that believes that. There really was no alternative. The ones claiming that there was are 'reality challenged" which is more common now than I can remember. 3 years of Trump will do that to people.

 

[calamity]

And there's nary a one that has a chrystal ball, either.

crystal


:doh

 

[apdst]

You know what else the not stupid people know?

We would have far fewer deaths if Trump wasn't out golfing when the virus came.

Only the stupid people believe that. :lamo

 

[apdst]

crystal


:doh

Did your spell check tell you that?

 

[calamity]

Only the stupid people believe thst. :lamo

"chrystal" ball

:2rofll:

 

[grip]

crystal


:doh

Cristal?

 

[Rexedgar]

Did your spell check tell you that?

Yours didn’t.........:thinking

 

[calamity]

Did your spell check tell you that?

What, a word I could already spell by the age of seven?

 

[jpn]

In case anyone is interest in what a world-class economist (as opposed to a world-class ass) has to say, here are the essential points. Read the whole thing (it's short) to get the details.

To simplify things, think of the economy as consisting of two sectors, nonessential services (N) that we can shut down to limit human interactions and hence the spread of the disease, and essential services (E) that we can’t (or perhaps don’t need to, because they don’t involve personal interaction.) We can and should close down the N sector until some combination of growing immunity, widespread testing to quickly find and isolate cases, and, if we’re very lucky, a vaccine let us return to normal life.

How big is the N sector? Miguel Faria-e-Castro of the St. Louis Fed summarizes estimates that are as good as any: 27 to 67 million people, which he averages to 47 million. That’s a lot; at a very rough estimate we might be looking at a temporary decline in real GDP of 30 percent or more. But that GDP decline isn’t the problem, since it’s a necessary counterpart of the social distancing we need to be doing.

What can be done to help those cut off from their normal incomes during this period of national lockdown? They don’t need jobs — we don’t want them working at a time when normal work routines can spread a deadly disease. What they need, instead, is money. That is, what’s needed now is disaster relief, not economic stimulus.

A more important point is that if we fail to provide enough help to those afflicted by this crisis, they will be forced to sharply cut their spending even on goods and services we can still produce, leading to a gratuitous further rise in unemployment (and a multiplier process as laidoff workers cut spending even more.) So aid to those in the shut-down sector actually does include an element of conventional fiscal stimulus, even though that’s not its central goal.

Finally, the sudden shutdown of revenue streams for many businesses is creating financial stresses that resemble those of 2008-2009, with prices of risky assets plunging and investors trying to pile into government bonds. So the Fed is right to be going all out — doing “whatever it takes” — to stabilize financial markets.

Still, the pandemic will eventually end. Will there be a debt hangover? From the point of view of government solvency, none at all. We live in a world in which interest rates are consistently below the growth rate, so that government debt melts instead of snowballing. The government won’t have to pay back the money it’s borrowing, just return to a sustainable level of deficits (not zero) and let the debt/GDP ratio decline over time.​

 

[calamity]

Yours didn’t.........:thinking

:lol:

 

[calamity]

Cristal?

Chrystal waiting for the club to open again so she get back on the pole.

 

[Rogue Valley]

Rush Limbaugh: Economy Being Destroyed 'Under The Guise' Of Saving Lives

Rush Limbaugh on Tuesday suggested stay-at-home measures to protect people against the coronavirus pandemic were destroying the economy "under the guise" of saving lives. He also gave air to a conspiracy theory that Democrats and communists were plotting the downfall of capitalism.

"Are we just going to sit by and watch $22 trillion - that's the value, that's the sum total of the GDP, that's the U.S. economy - are we just going to sit by here and watch it evaporate?" the right-wing radio host said on "The Rush Limbaugh Show." "Because that's what we're doing, under the guise of not losing any unnecessary life - meaning we want to try to save as many lives as we can."

 

[grip]

Chrystal waiting for the club to open again so she get back on the pole.

Geezers, Chrystal gave me a chubby. Though, I'd disinfect that pole first.

 

[grip]

Money is not everything until you don't have it.

 

[roughdraft274]

Rush Limbaugh: Economy Being Destroyed 'Under The Guise' Of Saving Lives

Rush Limbaugh on Tuesday suggested stay-at-home measures to protect people against the coronavirus pandemic were destroying the economy "under the guise" of saving lives. He also gave air to a conspiracy theory that Democrats and communists were plotting the downfall of capitalism.

"Are we just going to sit by and watch $22 trillion - that's the value, that's the sum total of the GDP, that's the U.S. economy - are we just going to sit by here and watch it evaporate?" the right-wing radio host said on "The Rush Limbaugh Show." "Because that's what we're doing, under the guise of not losing any unnecessary life - meaning we want to try to save as many lives as we can."

Now, I don't agree that this is some Democratic, socialist plot by any means, but the economy is getting tanked as a result. If the US GDP goes down by 50% and unemployment is up by 30% next month that's worse than Depression stats. Rush has nothing left to lose with his diagnosis, so he's flame-throwing for sure. But any truth or straight up horse****?

Can anyone tell me exactly what the difference is between Limbaugh and Alex Jones? Limbaugh has been screaming bat**** crazy stuff on the air waives and tearing our country apart for decades.

 

[TomFitz]

One of the small consolations of this crisis (aside from having the time to appreciate a beautiful spring, and empty interstates) is that the political cartoons have been outstanding!

 

[Visbek]

Still, the pandemic will eventually end. Will there be a debt hangover? From the point of view of government solvency, none at all. We live in a world in which interest rates are consistently below the growth rate, so that government debt melts instead of snowballing. The government won’t have to pay back the money it’s borrowing, just return to a sustainable level of deficits (not zero) and let the debt/GDP ratio decline over time.

Very interesting.... I hadn't thought about this last bit. Per my earlier post, I was thinking more in terms of the stimulus package mostly going back into the economy, and thus stimulating growth, with some of it returning to the federal government as taxes.

 

[Bullseye]

Well that sure happened fast. Rush is on record saying exactly the sorts of things that you have here called despicable, specifically about the same sort of drug abuse he himself was involved with.

If that isn't something you care about, what would be the point of trying to convince you of anything?

And . . .? Do you think he still says that?

 

[grip]

Can anyone tell me exactly what the difference is between Limbaugh and Alex Jones? Limbaugh has been screaming bat**** crazy stuff on the air waives and tearing our country apart for decades.

Alex Jones was so far of right that even mainstream GOP disowned him. Rush manages to stay on the fringes of conservative acceptability.

 

[calamity]

Can anyone tell me exactly what the difference is between Limbaugh and Alex Jones? Limbaugh has been screaming bat**** crazy stuff on the air waives and tearing our country apart for decades.

There was a time when Right Wingers were so embarrassed by the Limbaugh types within their midst that they ran on a farce called "compassionate conservatism." Now, they proudly wear their Deplorable badge and spew Nazi ****.