Let’s call it what it is. We’re in a Pandemic Depression

[cancel2 2022]

Daisy-chained trolls are always the funniest.


Haw, haw.................................haw.

Here's one of those empty vessels I mentioned.

 

[moon]

Dude, you're the "Comrade maggot", he's the King Kocksucker maggot. Please keep these straight. TIA

' Grajonca ' is a Russian Jewish name, thicko. maggot chose it in error. He was also ' Havana Moon ' although he'd never been to Florida. In short, he's a desperate Brit dumbass. You'd be well advised to keep your fool head down and concentrate on your role as a twit.

 

[Cypress]

Bye bye Herbert trump hoover

It must be clear to almost everyone by now that the sudden and sharp economic downturn that began in late March is something more than a severe recession. That label was, perhaps, justifiable for the 2007-2009 Great Recession, when unemployment reached a peak of 10 percent. It isn’t now.

“This situation is so dire that it deserves to be called a ‘depression’ — a pandemic depression,” write economists Carmen Reinhart and Vincent Reinhart in the latest issue of Foreign Affairs. “The memory of the Great Depression has prevented economists and others from using that word.”

What’s clear is that the Pandemic Depression resembles the Great Depression of the 1930s more than it does the typical post-World War II recession. To simplify slightly: The typical postwar slump occurred when the Fed raised interest rates to reduce consumer price inflation. They lowered rates to stimulate growth.

By contrast, both the Great Recession and the Pandemic Depression had other causes. The Great Recession reflected runaway real estate and financial speculation and their adverse effects on the banking system. The Pandemic Depression occurred when infection fears and government mandates led to layoffs and an implosion of consumer spending.

The collateral damage has been huge. Small businesses accounted for 47 percent of private-sector jobs in 2016, estimates the Small Business Administration. Many have failed or will fail because they lacked the cash to survive a lengthy shut down. In a new study, economist Robert Fairlie of the University of California at Santa Cruz reports an 8 percent drop in the number of small businesses from February to June. Among African Americans, the decline was 19 percent; among Hispanics, 10 percent.

https://www.washingtonpost.com/opin...04faf4-d8e5-11ea-aff6-220dd3a14741_story.html

The Trump Recession started in February before the shut downs, but Trumpf undoutedly made the recession worse by his utterly inept management of the pandemic.

 

[Micawber]

' Grajonca ' is a Russian Jewish name, thicko. maggot chose it in error. He was also ' Havana Moon ' although he'd never been to Florida. In short, he's a desperate Brit dumbass. You'd be well advised to keep your fool head down and concentrate on your role as a twit.

Grabs his own junk and cabana poontang and all his other handles are references to that lousy made man dinosaur guitar player who doesn't need to grow,
just to glom onto new talent and try to remain relevant. IOW, a "lengendary player" resting on his laurels for about 40 years.

Paul Reed Smith guitars look nice but are too sweet. Grab junk jumped the shark, same as Santana

 

[Hawkeye10]

Big fish in a small pond. There are any number of smart people on here, but as always empty vessels make the most noise.

Small yes but so far my evaluation is that JPP functions better than the much larger Debate Politics, and I think that the Free Mind/Free Speech support is the reason, the difference illustrates why free speech is so important.