This reads like someone unleashed GPT2 on a bunch of CNBC interviews with a bunch of hedge fund managers making the case for why their portfolio deserves a "fair share" of the bailout pie.
> This reads like someone unleashed GPT2 on a bunch of CNBC interviews with a bunch of hedge fund managers making the case for why their portfolio deserves a "fair share" of the bailout pie.
I am struggling to see why you think that, since I don't watch CNBC and was not thinking of hedge funds or the stock market at all when I wrote the above post.
I didn't get into what I think should happen, which is this:
- immediate expansion of unemployment insurance to 75-100% of income for at least 12 months, with no shenanigans allowed at the state level
- for tip and gig workers and self-employed, 1040 income should be used to qualify for unemployment benefits up to a capped amount ($100k or whatever)
- immediate expansion of Medicare to anyone who qualifies for the ACA
- immediate open enrollment so people can switch to Medicare via the exchanges
- immediate expansion of SNAP and WIC
- 6 month moratorium on evictions nationwide
- any bailouts should be patterned on the Obama administration's auto bailout, which is to say the capital structure should be rewritten so that workers are given a piece of the company, and the public should benefit once the economy improves
This seems like the sensible minimum reaction to keep things functioning well to me.
I also expect to see a change in perception in the US to thinking that any civilized society that wishes to keep running needs to have a comprehensive health care system, a social safety net for basic income and housing, and a trusted set of expert institutions.
when i was young there was this bully that screwed with everyone, one day someone put him down to the ground and several of his repeat victims fell upon him like animals, when he was down and vulnerable. the kid ended up in the hospital.
A tactical position requires caution when vulnerable.
old festering wounds and international quarrels can quickly be escalated in a situation like this.
It is a feasible scenario that someone of less than level head thinking will:
see opportunity >take advantage >achieve an objective.