In b4 the lock

So, we killed the economy for that? Wow.

Read the footnotes

RockOn said:

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Read the footnotes

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Give me the cliff notes. Phone got aids from pron

Pinche Abogado said:

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So, we killed the economy for that? Wow.

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What does kill the economy mean?

There is no more economy?

Complete Idiot said:

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Pinche Abogado said:

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So, we killed the economy for that? Wow.

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What does kill the economy mean?

There is no more economy?

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You know what it means. Quit being dense.

CDC will say it's always been in the footnotes that these were never firm numbers and they still aren't.

The only problem is cable news has that number like a running death calculator.

Texas is at 93% of expected deaths. Carona saving lives.

How do people still not know how to spell this?

Complete Idiot said:

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Pinche Abogado said:

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So, we killed the economy for that? Wow.

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What does kill the economy mean?

There is no more economy?

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User name checks out

Sid said:

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Complete Idiot said:

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Pinche Abogado said:

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So, we killed the economy for that? Wow.

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What does kill the economy mean?

There is no more economy?

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User name checks out

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Twice!

Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

Quote:

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Note: Provisional death counts are based on death certificate data received and coded by the National Center for Health Statistics as of May 1, 2020. Death counts are delayed and may differ from other published sources (see Technical Notes). Counts will be updated periodically. Additional information will be added to this site as available.

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Clearly explained on the page why the discrepancy exists. People are being intellectually dishonest, at best.

You can go here if you want the current count without the official death certificates (62,406 : May 1, 2020) : https://www.cdc.gov/coronavirus/2019-ncov/cases-updates/cases-in-us.html

I know when my father died it took 6 weeks to get a certificate. It was clear what he died of, no special autopsy, no testing for a disease.

But, if you want to run around trolling, I guess that's fine. The count will catch up, that's how it works, as described at the very top of the page.

Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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Lol, tell that to the millions out of work.

I saw a statistic comparing deaths to unemployment, about a week old. At the time, based on unemployment stats and reported deaths there were 600 jobs lost per death,

If you put of rough minimum wage to that number of 30k/yr, you get rounded up 19mm/yr/death....or roughly 1.6mm of lost wages/month/death.

Lots of stuff wrong with that analysis....not all jobs are minimum wage and likely not all jobs lost have filed for unemployment. Also, deaths and unemployment numbers are changing all the time.....more deaths will accumulate and unemployment's is hopefully close to peaking. But I think its a reasonable estimate for where we are today in terms of wages lost vs deaths prevented.

Also, this doesn't capture all the damage. I know several people who have taken wage cuts. Some business will clearly never come back

If the death rate, meaning number of deaths reported each week continues to fall to zero by the fall, but the economy is slow to recover and unemployment stays in double digits, I think there will be plenty to debate on whether the lock down was worth it.

If the opposite occurs and we keep rolling around 2-3k deaths a week into fall, but creep back to single digit unemployment then we will likey feel like we didn't do enough.

Anyway, stupid expertise I went thru this morning.

Pinche Abogado said:

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So, we killed the economy for that? Wow.

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Shutting things down prevented it from getting out of control.

I know, hard to comprehend.

Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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The 5% GDP drop is for all of 2020 and assumes significant improvement in the 3rd and 4th quarters. For the current quarter predictions are a 30 to 40% drop in GDP. If the annual drop is 5% it will be the largest drop since 1946. These are generational numbers. A devastating drop for just one quarter is enough to bankrupt millions of businesses and families. Their situations would merit the description of destroyed. You are arguing semantics which is the weakest tactic possible. Just because the US may fare better than the rest of the world, that is little solace if we are on top of a pile of s$it.

The CDC numbers have been lagging the headlines for weeks. (I've been taking regular looks at their age distribution data.)

This isn't some revelation. It's just due to delays in reporting as the information is collected and processed.

jblaschke said:

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Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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Lol, tell that to the millions out of work.

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Or the millions at or near retirement and their retirement accounts are now decimated.

Keegan99 said:

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The CDC numbers have been lagging the headlines for weeks. (I've been taking regular looks at their age distribution data.)

This isn't some revelation. It's just due to delays in reporting as the information is collected and processed.

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No! It's a conspiracy! And I'll yell at you until you believe me, affirm me, and evangelize others!

Joe Exotic said:

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jblaschke said:

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Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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Lol, tell that to the millions out of work.

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Or the millions at or near retirement and their retirement accounts are now decimated.

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Decimated? If you are retired or near retirement, aren't you supposed to put your money in safe investments at that point and not stocks?

Philip J Fry said:

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Joe Exotic said:

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jblaschke said:

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Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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Lol, tell that to the millions out of work.

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Or the millions at or near retirement and their retirement accounts are now decimated.

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Decimated? If you are retired or near retirement, aren't you supposed to put your money in safe investments at that point and not stocks?

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Agree. No one close to retirement should be in anything that risky.

I lost about 10% or so. It's almost all back. Paper loss.

Gizzards said:

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Complete Idiot said:

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Predictions are for an annual GDP drop of 5%. You are selling America short if you think our economy is killed and dead. We are the strongest economy in the world, while this is certainly an economic hit, every country is in the same boat and we will still come out the leader. The stimulus, the expanded unemployment eligibility and enhanced payments - it's because we are an economic juggernaut.

I'm not diminishing the impact to those individuals and small businesses impacted, but disagree when anyone says the whole deal is "killed" or "destroyed". Don't underestimate America.

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The 5% GDP drop is for all of 2020 and assumes significant improvement in the 3rd and 4th quarters. For the current quarter predictions are a 30 to 40% drop in GDP. If the annual drop is 5% it will be the largest drop since 1946. These are generational numbers. A devastating drop for just one quarter is enough to bankrupt millions of businesses and families. Their situations would merit the description of destroyed. You are arguing semantics which is the weakest tactic possible. Just because the US may fare better than the rest of the world, that is little solace if we are on top of a pile of s$it.

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I think hyperbole is a weak tactic, people use it to intimidate and sway others - semantics can matter when discussing serious topics. "Every old person will die from Covid 19", "The economy will be killed", "the world economy will be a pile of ****" - what's the difference?

Many people have died and will die, many MANY people have lost or will lose their jobs. Did the acts that led to lost jobs save many lives in the long run, if any at all? Time will tell. It's been done. Things are now slowly opening back up. The world will go on and jobs will come back, for those most impacted I hope our economic might is put towards helping them financially and with medical insurance until we are recovered - no country should be better positioned to do so than the worldwide GDP leader (by far). It's been a horrible worldwide event, one that is a bit more nuanced, complicated, and serious than any I've seen in my lifetime and it's worth more than hyperbolic statements.

This discussion is always framed by the false dichotomy of "save lives" vs "save the economy". Had we done nothing and we were stacking bodies with runaway COVID, there is absolutely no way we don't tank the economy anyway.

AggieChemist said:

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This discussion is always framed by the false dichotomy of "save lives" vs "save the economy". Had we done nothing and we were stacking bodies with runaway COVID, there is absolutely no way we don't tank the economy anyway.

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Yep. But people like everything to be black and white. It gives the illusion of control. Either the control you feel when you get your way, or the rage you feel when you didn't. Either way, there's peace that comes from having no doubt. Too bad that's not how the real world works, though.

94chem said:

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Yep. But people like everything to be black and white. It gives the illusion of control. Either the control you feel when you get your way, or the rage you feel when you didn't. Either way, there's peace that comes from having no doubt. Too bad that's not how the real world works, though.

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Maybe the best non-sports post I've seen on TexAgs. Kudos.