I personally know someone who makes $150k, bot nearly $3000 stimulus for the family of 4 and then went and bought at least one new $1000 iphone 11
anectdotal… but people in high incomer brackets are honestly just as often spendthifts
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Nope
I was agreeing with this point :
And pointing out how if Trump does it then the reaction is ‘meh’ but if Obama had done so the right would be forming raving mobs of pitchforks wielders.
Swan: “Oh, you’re doing death as a proportion of cases. I’m talking about death as a proportion of population. That’s where the U.S. is really bad. Much worse than South Korea, Germany, etc.”
Trump: “You can’t do that.”
Swan: “Why can’t I do that?”
…
Trump:"Let me explain. The testing. … And, you know, there are those that say: ‘You can test too much.’ You do know that.
Swan:“Who says that?”
Trump:"Oh, just… Read the manuals. Read the books. "
Swan:“Manuals? What manuals?”
We learn new things about this virus everyday! Just RTFM!
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If .05% (five hundredths of one percent) of the population is “much worse” than the rest of the world, I fail to see how people can keep calling this such a world-wide devastating event…
I know that every life matters, but he (the interviewer) focused on proportion of the population. And in those terms, this has barely been a blip on the radar.
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It’s a pandemic. People sadly perish. The younger folks want to party . . . along with some people closer to middle age. They have “had it” with the staying home. Their choice and decision. Nobody can make 'em remain at home. But it does inevitably run up the cases and the deaths when they congregate by the hundreds. Impossible to control absent draconian measures. And this is not communist China.
People need to confront pandemic reality. Nobody wants to, it sucks so bad. Cuomo extinguished the lives of thousands of old folks. He didn’t get me. Better luck next time, Andrew.
If this pandemic is .05% of population rate, then I predict, it is “a mole hill”. (not so much) I’ve read that the common flu has a higher population death rate than this pandemic. Gotta kill the big deal…
If Trump can ever get past this rage from the liberal Democrats, I think we can proceed with a winning election for him. 
Where did you read this?
In “manuals” and “books”?
https://www.cdc.gov/flu/about/burden/2018-2019.html
The cdc estimates over 35 million influenza infections for the previous season, and estimates 34,200 deaths in the US.
The average over the past 9 seasons was 37,000, and the highest was 60,000.
So far we’re at around 5 million confirmed covid-19 cases, estimated infections probably around 30 million, with only about 1/2 to 2/3 of the infections “resolved” (it can be a month+ until the deaths show up). And we’re already at around 160,000 covid-19 deaths, only counting the confirmed ones. And that’s with all the mitigation measures.
How is 34,000 (or even 60,000) over a whole season a higher number than 160,000 over a few months? Just randomly repeating “people are saying” something or “I’ve read” something doesn’t make something a fact.
Sure, in countries that are more seriously combating the virus, their deaths from covid 19 are nearly zero. But I don’t think that’s what you were trying to say. I could be wrong though, so please correct if so.
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Yes. I’ll freely say that this is closer to the flu than a disaster, and you’ll proceed to try to twist that into me claiming the flu is worse by “educating” us on what I really mean to say. But it is pretty clearly incorrect to say the flu kills more of the population.
Yes, I’ll admit this pandemic is closer to the flu. Neither one as a whole is a disaster, it’s really bad. Like the flu, it sometimes kills, so we get a flu shot every year. Hopefully, we will have a vaccine soon.
What can I say to Bend3r?
Can I just make a statement here without you trying to pin me down to every detail? I Know you will disagree with every little detail. So get over it!!
LOL, what does it matter at this point really? We’re way past the point of mortgaging the kids’ future, now we’re just printing fiat money and hoping that the world doesn’t move away from the dollar.
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FTFY. (Yes, that means the clearly marked up edits are MY changes, not a direct quote.)
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FYI, (update) Because of the pandemic, USAA will be issuing another auto insurance credit (refund):
USAA, the country’s fifth largest property-casualty insurer, is returning an additional $270 million dividend to auto insurance policyholders. This follows earlier announcements that USAA would provide dividends totaling $800 million to its members as a 20% credit on three months’ worth of premiums. This new, additional dividend will reflect 10% of up to two months’ worth of premiums, and will be provided to all auto insurance policyholders with policies in effect within the months of June and July. In total, USAA has now committed to returning $1.07 billion in dividends to all auto insurance policyholders due to continued fewer drivers on the road…
Dividends have been returned for the prior announcements of $800 million, and members have already received credits to their accounts. Similarly, members will automatically receive the additional dividend as a credit applied to their auto and property insurance account in late August. Members do not need to call, and no further action is required to receive the dividend.
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My car sat on the driveway for so many weeks that I had to recharge the battery, and I got $20 refund from Progressive’s 6-month premium this Spring. Wow! Can’t imagine what I’m gonna do with all that treasure.
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FTFY
(This is stupid. Changing the entire meaning of what was said goes entirely against the premise of “fixing” it.)
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more on that topic, I found this chart :
But its semi-meaningless chart in my opinion.
~90% of working people hae remained gainfully employed without loss of incomes. Yet all the sudden if we get a $1200 check from Uncle Sam most of us use it for Groceries and household supplies ?? I don’t think people are really accurate about what they really spend the extra windfall on if most of us claim it was used on groceries. But its still something.
We do have a decent % of people who say they bought clothes or electronics and a lot of others who just paid down debt or put it in savings.
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Looks very meaningful to me. I appreciate this chart… Thanks!
Yeah I get your point, its ‘only’ 0.05%. Or ‘only’ 5x as bad as the common flu.
But remember that if we hadn’t done all the lockdowns etc then we expected to see 1-2 million deaths in the USA. Its such a big deal because of what could have happened and all that we have had to do to avoid those 1-2M deaths.
I mean, you do agree that 1-2M dead Americans is a big deal right?
IT took everything we did to keep the deaths down to a mere 150k people and counting.
Yes in relation to all the fatalities in the US in any given year this pandemic is only so far going to increase that ~10% on an annual rate. And its only 5-10x as lethal as the common flu which we all ignore and live with as a matter of daily life. Heart disease kills many times as many people as covid19 has and we all just take that as a fact of life.
OTOH covid19 has already killed 5x as many people as all auto crashes and homicides combed for a year.
Its killed more people than the US saw in combat casualties in WW,I, Vietnam and Korea combined. I think those wars were a big deal at the time. (it hasn’t killed as many as WWII or the Civil war,. . yet)
It killed nearly 50x as many people as the 9/11 attacks. How’d we all react to that?
It all depends on what you put it into proportion to and how that impacts people
Unnecessary and avoidable death is also a worse thing than inevitable and unavoidable loss.
Not to sound callus, but even 2 million would be far less than 1% of the population. Virtually everyone would be affected, but still far from devistating (beyond the individual personal connections). Certainly not the end of life as we know it.
I understand the individual fear that it could happen to you. But on a national level, there’s still more than 99% of the population with a future to think about too. It’s a fine line to find the balance between the two priorities, but a lot of the prevailing commentary focuses only on the individual aspect.
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And to continue in that vein, barring government lockdowns, it wouldn’t really do much to the economy either. The people most likely to die are either much older or much sicker, so they’re a very small fraction of the workforce. This I think is why the stock market, being forward looking, sees that this won’t be a long term issue regardless (of course all the Fed printing helped too).
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Not every detail, just a very important and blatantly false detail:
One thing you can do is not write lies and falsehoods.
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