So, what you're saying is that the crisis didn't go to waste?
Thankfully we'll need more gov't help! for years to come, sorta like road construction projects that never get completed.

 

Here’s the argument for deflation likely coming soon:

 

Nice gaslighting.

The “poors” you’re talking about that I know are friends and family that are very clear about the fact they’re working the system; always have, and always will. This is just more opportunity to do the same at another level on the backs of the hard working of all income levels.

They’re not just being funded by high earners but by their neighbors making an average wage, who out of a sense of pride and ethics continue to work hard and pay taxes…to fund able-bodied people who don’t want to work and are leaving small businesses desperate to provide goods and services while being short-handed.

 

You are all taking a micro look at a macro issue. Yes, there will always be those abusing the system, just like there will always be pilots abusing the system that we work in.

The benefits are ending.

The stimulus money saved lives and (shocked face) actual money that it would have taken to fill in the huge hole that would have been created when those companies who need workers shut down altogether.

Do some research on how the 2009-11 recovery went due to the government going lean on stimulus funds. I'll summarize - it was terrible. The recovery got prolonged years because they were afraid of the scenario we are in now.

The prevailing thought amongst economists on both sides of the aisle is to initially just infuse a huge amount of money into the economy and then target recovery money later. That's what they did this time and it worked. Could they have done better? Yeah, maybe, but they did a pretty good job.

It just slays me that a bunch of top 10 percent earners whose industry took a huge government bailout are shaming the working poor. Unless you have been in their shoes, just stop. Most of them are good people making the best of their lives. Many of them work in service jobs since there are few manufacturing jobs left. They took the brunt of the pandemic economic hit and got a helping hand, just like you did. Now there are a few folks on the margins who are gaming the system a little bit and a bunch of airline pilots have the gall to try and shame them? GMAFB. Look in the mirror.

 

There you go again, blaming all airline pilots for a made up instransigence in your mind.

No one here is blaming anyone for working.

People are discussing how some individuals are NOT WORKING but collecting full unemployment benefits, bonus Covid $600 a week benefits, rent subsidies, stimulus checks, etc. all of which comes out of the taxes of those of us WHO ARE WORKING.

Please start a new thread where you can discuss how people not working should be subsidized by people who are working instead of derailing this thread about the network being down.

 

The network is back up. Mostly.

I didn't start this conversation, but you aren't grasping the basic economics behind it, so I'll just let it go and do more interesting things.

 

Typical I think I’m smarter then you gibberish. I just you donate all that extra cash you make. I thought so. Hypocrisy at its finest. By the way I was poor and made the choice to better myself as everyone in this country can. EVERYONE. I worked that would make you cry for your mommy.

 

I got mine SCREW you all!! Yeah yeah yeah, heard it before and it’s a bad argument.

You missed the entire point by the way. The extra money is not just to help those people that need but to help jump start the US economy. We are a society of consumerism. You stop the spending you stop the machine and the evil devil we all try to avoid is deflation, and nothing starts deflation than a stop in spending. You give people money and it keeps the patient on life support. The micro and macro view is quite divergent but that is the case in a lot of economic viewpoints. Transitory inflation is what we have now. Look at lumber futures today? Absolutely TANKING…a few more days and it will be back to what it was before the pandemic started. Semi conductors have a multitude of reasons why they spiking in price but a pandemic, drought in Taiwan, shifting of the supply chain and backlog of ships in China loading and unloading in the US all are causing temporary price spikes. Those issues will also be fixed soon. So if the price to pay to keep the patient alive while the risk averse private sectors come back alive, so be it, it’s for the betterment of the national economy.

What I’m saying is and I will call you out specifically, you have absolutely no idea what you are talking about. I heard the same argument during the Great Recession, thus why we screwed the pooch and didn’t pump enough money into the economy, guess what? People still worked and inflation was tame if existent at all. MMT may provide some insight into the reasons why but I’m not totally convinced on that one yet but I am in tune with lots of online economic debates about it.

 

I got mine through hard work like anybody else can. Like the FA that says “I could have had you job IF I finished flying”. Always some reason they didn’t though. Life is choices. So spare me almighty . I know plenty about macro and micro economics. Some of you righteous self appointed geniuses are hilarious!

 

Taking money from hard working folks to give to lazy people is never right, no matter what you and some lefty economists believe.





There are plenty of ways to keep the economy going, people employed, families in their homes, etc.

Killing all the jobs, then “solving” the problem by redistributing wealth is not something to be proud of.

But please, go ahead and start a DIFFERENT thread where you can tell all us jerk pilots how we should be happy our tax money goes to support the non working.

in a DIFFERENT thread....