Joe Biden will address the nation this afternoon to announce a 6 prong plan for CoVid. We don’t know the details but the major themes have leaked: 1.Vaccine requirements 2.Booster shots 3.Keeping schools open 4.Increasing testing & requiring masks 5.Economic recovery 6.Improving patient care
I look forward to hearing the specifics ( and whether states like Florida will comply).
What's needed are economic protections for people. Short shutdowns in intervals. Social distancing and hygiene measures. Tol a vaccine that actually works comes along.
“Economic protections”
There are 10 million job openings in the US right now. Roughly equal to the number of unemployed. Problem solved.
We're still developing new stuff.
On the vaccine side, against new strains, longer lasting, mucosal immunity (to stop the virus at the point of infection). On the molecule side, better antibodies, novel antivirals that target the protease (no known escape variant) rather than the spike protein, immune modulators for the cytokine storm.
I agree with desertscrub on this one. Biden is going to cost dems both houses in 2022 and he has to do something to stop the free fall. I’m sure that step 7 will be another $5 trillion stimulus plan. That swirling sound you hear is the economy circling the bowl.
When debt is this high, and inflation growing, the cure is higher interest rates and reduced government spending. That causes economic pain in the short run, but gets the economy back on track long term.
Instead, Joe want trillions in new spending. That will make things look good through the next election but absolutely destroy the economy beyond that.
Can anyone still doubt Biden's dementia and unfitness to serve? Lawyers, governors, and state AGs are already writing the lawsuits. Florida will be the leader in declaring itself a sanctuary state exempt from these unlawful executive orders (at least, I hope so).
And, seven, under my emergency powers, I am requiring that all citizens stand on their left foot and swing a dead chicken over their head. Experts tell me this will stop the virus. Conspiracy theorists who dispute this treatment will be sent to re-education camps until they accept the science.
The covid hysteria will continue for as long as we support it with masking and with testing and vaccination.
We must learn to tell our officials to fuck off.
SJG
Mark, your comment is very insensitive and nationalistic. “Citizens” excludes undocumented persons of non-domestic origin. And slaughtering chickens just to save humankind is cruel
COVID has always been a coverup for deep economic issues.
SJG
Bravo desertscrub, couldn't agree more. 75% of adults got the vax, 95% of people age 65+. We should be patting ourselves on the back and moving on with our lives. This is something we have and will continue to have live with. No amount of demonizing the unvaxxed will change that. It might be good politics to keep the left wing in the fold of the D party, but it's not leadership. Very disappointing.
It’s going to be an interesting day at work tomorrow. I’ve already received numerous texts from team members.
If you find yourself on the same side as the two greatest nutjobs on this board, I'd suggest you reconsider.
Alex Berenson
SJG
As for Biden, his administration has politicized this so hard it's crazy. They were caught changing their recommendation on in-person schooling in response to an NEA (teacher's union) request.
Biden has potential to be an all-time bottom 5 president.
He's helping businesses avoid liability for spreading the virus... hence the vaccine mandates. The way its being enacted can get it thrown out as unconstitutional.
I'm for the vaccine but businesses shouldn't be protected from liability like this
It’s telling who is being exempted from the vaccine mandates.
The latest Economist/YouGov survey said that since the disastrous withdrawal from Afghanistan orchestrated by the White House, Biden’s approval rating has tanked to just 39% while his disapproval has spiked to 49%.
Most of the drop is a result of a drop among Democrats.
Biden's actual plan for COVID is moderate. But I have also listened to some of the things he is saying. It is more irrational superstitious fear.
RESIST!
SJG
I don’t understand why the stock market isn’t tanking when a lot of people are going to quit their jobs over this. A lot of people who have been “essential workers” the past two years. This is going to get ugly
The Fed is propping up the market. If you rely on investment income, you’ll probably be fine. It’s the working man who is seeing inflation in housing, gas, food, etc who is going to be screwed.
It took the market four months from December 2019 to March 2020 to realize covid was going to be a thing. I haven’t pulled out any money, but I’ll be keeping an eye on the headlines.
Put your money into your own ventures, not into securities markets.
SJG
The apartment I rented a year ago is now renting for almost 40% more.
Inflation hurts those on fixed income and those who rely on salary, worst.
^
So says the creepy semi homeless guy with zero ventures who only has internet access through a library computer.
Ninja'd by Tdon
News Hour 9/10/2021, leads with Biden's COVID Plan, new vaccine bullying
More mush from the wimp Jimmy Biden promises to do for Covid what he did for Afghanistan
The speech started with a lie and didn’t get better.
“Good evening,” Uncle Joe told us. Evening? It was 5 p.m. in Washington and 2 p.m. in Los Angeles. Near bedtime for our president, I suppose.
In the 27 minutes that followed, Biden managed to choke out one fact: over 1,000 fully vaccinated Americans were hospitalized with Covid every day this summer -which likely means the current number is considerably higher.
How do I know? The White House spinmasters, aided by the New York Times, are now resorting to calculating Covid infection and hospitalization risk for vaccinated people on a per-day basis.
This statistic is so nonsensical as to be almost comic. Practically any risk will seem tiny over a single 24-hour period. To take just one example: a 90-year-old woman has a 1 in 8 chance of dying before she turns 91. But her risk of death per day is only about 1 in 3,000 (not far from the 1 in 5,000 per day risk the Times has calculated for a vaccinated person to get Covid).
So when Biden said the risks of being hospitalized with Covid if you’re fully vaccinated are 1 in 160,000 per day, what he meant was that upwards of 1,000 vaccinated people are now being hospitalized every day. At least.
Because the vaccines work!
That aside, the speech was what we’ve come to know as classic Biden - loud and empty, in the style of Brezhnev or a late Roman emperor whose name no one knows. If he’d really been serious about forcing unvaccinated people to take the shot, he would have announced a vaccine requirement for air and other interstate travel and entry to federal buildings. Remember, he’s required you to wear a mask to fly - he could at least try to force a vaccine.
But whether because of airline lobbying or because he fears the Supreme Court is done with Covid nonsense - as it pretty clearly showed in striking down the ridiculous eviction ban last month - he didn’t. Instead he once again leaned on companies to do what he cannot. But only companies with more than 100 employees.
To quote my two-year-old - Because why? The ro don’t care about small companies, I guess.
But the plan does have one truly disastrous element: the vaccine mandate for health care workers. The current hospital crisis has little (or nothing) to do with Covid hospitalizations, vaxxed or unvaxxed, and everything to do with the fact that a large fraction of nurses and other medical staff would rather quit than be vaccinated. A fact all by itself should cause you to question both the seriousness of Covid for healthy adults and the usefulness of the vaccines.
So, yeah, last evening’s speech was a lot of sound and fury signifying nothing (unless you plan to visit a hospital in the next few months, good luck with that).
At least he didn’t mention Beau, though. That was a win.
SJG
Lol, perfect timing.
And then I just got ninja’d
People think they can time the market. Sell at the top. Buy at the bottom. It never works out that way. They sell at the wrong time. They buy at the wrong time.
The best strategy is to just ride it out. Over a long enough period of time, it always goes up.
^^^^^^^ Thank you mark94 for your words of sanity.
SJG
You are aware there's really no need to time the market, most of your income derived from the market will be taken out as distributions, if you only withdraw when you're up it's simple, when you take a draw just take what you need for an 8-12 month period of time, the rest of your funds (assuming you have been smart about your equities) continue to accumulate gains, then for tax purposes you borrow against your portfolio, you will not run out of money nor will you have any unexpected losses. Just space your withdrawals over an expanded schedule and you'll be fine.
Market prices are largely determined by the fund managers for insurance, pension, and hedge.
If you are putting money in, they you are betting that you know something they do not. You do not.
SJG
Biden scolds us and tries to pressure us into vaccination. He tries to break us down with bullying and intimidation.
What he should have done is to have set up adequate surge ward space.
Fuck You Joe Biden!
SJG
King Crimson - In the Court of the Crimson King (1969) FULL ALBUM Vinyl Rip youtube.com
I agree with this criticism of Biden's COVID policy and bullying youtube.com
SJG
THIS TOTALLY SUCKS, TRYING TO ENFORCE VACCINATION
IDIOCY!
TOTALLY UNWARRANTED!
has PDF link for actual 10 page text latimes.com
SJG
I got my shots. I have no interest in wearing any stinking mask anymore. Schools better stay open. And if they open up booster shots, then the rush for those will start, then there won't be any shots for the unvaccinated .