Will be recovered, the other $3 trillion won’t… ever. We can add another $11.5 trillion in stock market losses to that,Ĭaused by COVID-19 and the resulting petroleum price war. Trillion from the economic stimulus package and $1 trillion in losses to our Right now, if the government doesn’t spendĪnother dollar, we’re looking at a cost of over $3 trillion dollars $2 Taken to put a stay on their mortgage or rent, they may not be able to pay They are making enough money to pay the bills. Even the ones which are openĪre dealing with serious reductions in income to the point that it’s unlikely
Still have expenses while their doors are closed. The problem is that those small businesses On top of that, the oil business is in serious trouble, due to the pricing wars between Saudi Arabia and Russia. We have the potential to lose all of those businesses over the next couple of months if the current emergency lasts that long. That includes almost all restaurants, construction trades, and hair salons, as well as a whole lot of stores and small manufacturing companies. But consider this: roughly half of all jobs in the United States are people working for small businesses. Maybe that doesn’t make much difference to you, as you don’t own a small business. Somehow those small businesses are going to have to pay those loans back, which means that the business owner will have even less profit from their business. These businesses are being offered loans as part of the stimulus package, but loans aren’t income. While I’m sure there are some major corporations out there who have enough financial “float” that they can weather this storm without a problem, I’m also sure that there are lots of small businesses that can’t they live from month to month, just like many families do. There are those who would say that “Those businesses can afford it,” as if businesses have an unlimited pool of money that they don’t need. To have a much longer impact on society than the disease itself. Jobs, as well as the loss of so much revenue to businesses, is probably going Pandemic aren’t going to have their own impact on society. Norĭoes it mean that the actions being taken to mitigate the effects of the While 100,000 deaths is still a tragedy, it’s much better than the alternative.īut that doesn’t mean that it’s good. If they are successful, the computer models say that the death toll will be 100,000 to 200,000, rather than over 2 million if we just let things go, without taking such drastic action. They’re trying to flatten the curve, so as to increase the chances for the medical community to save as many lives as possible. Please note that I’m not against the actions that our government at all levels is taking. The United States, many states have enacted lockdowns, closing “non-essentialīusinesses” and laying off millions of workers. People to stay at home, so as to not expose themselves to the disease. In order to combat this pandemic, nations around the world are urging This brings me to the disease of the day,ĬOVID-19. Sometimes, the cure is worse than the disease. As it was, he was able to enjoy his grandkids and golf game for those two years, not spend it going in and out of the hospital. In an effort to bring some balance into her thinking, I told her that if she had done that, her father would have spent the previous two years suffering through cancer treatments and probably wouldn’t have lived any longer.
One of his daughters, who tends to think she has to carry the weight of the world upon her shoulders, was lamenting that she hadn’t forced him to go to the oncologist two years earlier so that they could have caught it before it reached stage-4. I distinctly remember a case where a former family member was dying of lung cancer.
0 kommentar(er)
