The upcoming job losses will be unlike anything the US has ever seen

getting back to normal. He's been bragging about the low unemployment rate from the beginning. This will make him shit his pants.

And that is not good, nor will it end well.

I recall one of his biographers saying that quite clearly and that he lives to have "wins". In that light, he's in very deep emotional shit.

I don't see how people survive working for this White House unless he's managed to hire every psychopath in the country.

I've seen reports that about 1 in 100 of all people are psychopaths. So they're plenty common enough to be working with this known psychopath.

Most people think that psychopaths wouldn't be able to work together, but they can, when it suits them. Sometimes, you'd rather have the stereotypical dynamic where they're at each other's throats all the time than when they work together. When they work against each other, they spend more time tearing each other down and manipulating everyone else to help them do it. When they work together, everyone around them is torn down.

I had the misfortune of witnessing two of them join forces in my family. It was a fricking nightmare.

it exists in human populations in degrees, say rated from one to ten. Most of the nines and tens are in prison whereas sixes, seven and eights are Republican politicians and big business CEOs (just by my amateur metrics, LOL). The rest of them as you mention, are running among us just as everyday assholes.

It took me until I was up into my mid-60s to understand some of this psychology and evolutionary theory on an amateur level but it gave me much relief in understanding humanity, and to be somewhat at peace with it.

KY.......

around menacing and making hell. Agree that 1% is way, way too low a number for this group of deviants.

But if you look at CEOs, surgeons, salespeople, politicians and other high-stakes jobs, the numbers get a lot higher. Probably 1/4 of CEOs are psychopaths.

It's actually a very fascinating subject.

According to Trump, in 2016 Obama's 5% unemployment numbers were "fake," he claimed they were actually around 30%. Now, Trump will say his 30% unemployment numbers are "fake," they're really around 5%. My head is already spinning.

That's my story, and I'm sticking to it."

and the unemployment office had it all alphabetized and assigned days and times and the line still stretched a couple of city blocks. They didn't even ask if we'd applied for any jobs, there just weren't any to apply for.

Most people remember the gas lines. The unemployment lines were worse.

Because it exposes his failures to handle this when he should have. Then he'll accuse others that they are the ones responsible for this, never him, which is a lie. trump caused this to be this bad from incompetence, arrogance, and he really doesn't care about anyone else except donald trump, and you're life has no worth to him , he shows openly now. All he cares about with all this going on is himself , and money and staying in power to continue corrupting OUR government. trumps failed response is still continuing from him now refusing to use needed laws , and suggesting only those who praise him get help. That alone is more than enough grounds for resignation calls to start up.

It would take 2 minutes for a reporter to look up state by state numbers and CA, NY, IL, etc aren't going to help cook the books. Just the 3 states I mention are nearly 25% of the population.
If there numbers are x, and the fed reports 0.2x, the lie would be obvious.

give directly to these laid off workers so they can continue to pay the bills, rent/mortgage, groceries, health care. That will do more to help our economy than having executives decide they need more stock buybacks while lounging about in their second or third vacation home far away from cities.

that will jump start the economy is a Debt Jubilee for consumer credit with mortgages not included (I think). Look at the payment money that people will have in their pockets. It actually is less expensive in the long run if we do that.

It's already been bandied about that the $2T is short, that $5T is really needed to really make a difference.

Outstanding consumer credit as of Jan 2020 = 4,202.74025 trillion (which includes secured debt). I am not sure if school debt is included in that number, if not, should be added to balance. Also, that the FED buy up credit pennies on the dollar like collector do, and just write it off.

All credit cards are suspended and will not reopen until we've come up with a plan for a new and better economy at the end of all this. If your debt is written off, you will be able to save (pressure people to save at least 10% - can't make them) for what they need, they will not need to use credit, other than warranty's on big ticket items.

OBTW = fuck the banks and whomever holds the debt. No Whiners Allowed.

As always, YMMV

country stands at around 1.5 trillion. I firmly believe that all student loans should be immediately and permanently erased,, period. This alone would be of immeasurable economic benefit. And student loan payments are the last thing cash-strapped employees who are among the millions who have been or will be laid off should be worrying about.

There was no significant college debt in the US before old Reagan began butchering the system in the 1980s.

Businesses even before this virus and now face the precipice

Some stopped taking paychecks long ago and have drained their life savings to a puddle to keep the ship afloat

Now this

Generally I won’t disagree with you

What I'm talking about is giving cash directly to workers who need it during the shutdown, which would include many restaurant owners and those types of small businesses. Not to large businesses who can borrow money cheaply at record low rates. Now we can debate what size we cut this off at, or do something to help businesses producing necessary health care supplies or food or whatever.

Unpaid workers from large businesses can still get cash directly, but the corporation itself should not.

Watch for Mnuchin to claim:

-the dog ate the numbers
-we're having some technical difficulties
-Trump asked for a 90 day delay. Wouldn't want to scare the markets now would we?
-Ben Carson said the data had been infected.
-Betsy DeVos said she didn't understand the results as math wasn't her stromg suit.
-Susan Collins said what the fuck, we're rooting for Trump no matter what.

All very sad, for sure.

Oh, never mind....

...not to mention all the dead Americans.

Unequivocally, undebatably, the worst president in history.

Not his fault.

claims last week.

messages.

And it’s going to hit fast. Already here in Alaska, all cruises that were supposed to bring the tourists have been prohibited from docking before May 1 (think that’s going to be extended?). Alaska air has parked much of their fleet and slashed 70% of their flight schedule. The border with Canada is closed so no one can drive up the AlCan highway. So our tourist income this year will damn near flatline.

Next, let’s talk about oil. At $20 the barrel, there isn’t much in that income stream either.

They are going to fudge these numbers every chance they get, because the real ones are terrifying.

It's the Economy Stupid!!!!!!

It’s the corruption and the economy and stupid people.

7-10 million new claims this week.

10 million so far, about 6.5 for this week. Probably will be adjusted upward next week.

Good chance we get closer to 20 million with around 8 million new claims next week.

I have no insight for next week. Sorry, too many states with systems that have crumbled.
I would expect this to start to level off, but who knows how many are still trying to sign up.

or we'll have soup lines. This is immensely sad.

the Depression. There might be a lot of UE claims, but this isn't coming close to that era.

The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression.1

https://www.thebalance.com/unemployment-rate-by-year-3305506

https://www.commondreams.org/news/2020/03/31/fed-economists-warn-us-unemployment-rate-could-soon-reach-32-during-great-depression

https://en.wikipedia.org/wiki/Great_Depression