[SketchySeaBeast]

I think the next couple of weeks are going to be eye opening - we're going to get a lot of reports of deaths, even of the young and healthy, which we're already seeing. That should steel the collective resolve to last a while here. People are talking of lifting the restrictions and our collective endurance and things have barely gotten going. It's really complaining about the length of the red light when it's just turned yellow.

Naturally people aren't going hole up for a year, but we have to stop acting antsy when we've been in our houses a week or two.

Edit: I'm assuming the government does its job and takes care of its people so that they can do the right thing here.

[marvin]

The government is passing relief package of 18,000 dollars for every citizen of the USA. That's more than enough money to tide things over if it's distributed well, in a way that incentivizes the right things.

Unforunately, a very small portion of that money will go to individuals who have lost their jobs, and a very large portion will go to companies that were run on razor-thin balance sheets, ready to topple at the first sign of trouble. No incentives to run things properly the next time around, and limited help for regular people. While costing everyone a fortune in the form of inflation the next few years.

[tstewart161]

I’ve heard this point made a lot, that these “bailouts” are in any way equivalent to previous bailouts based on poor management and immoral business practices.

These aren’t the same. This shutdown (however justified) is because of the govt. If the government demands you shut down your business, or that you can’t go to work, you deserve to be compensated for that. If the government hadn’t mandated it, young people would still be out working and spending. Those businesses would be fine. If the govt wants to shut everything down, they have to pay people for it.

[Arainach]

Businesses (including many of those demanding bailouts) have spent unprecedented amounts of money on stock buybacks in the last decade. If citizens are expected to have a reserve fund to handle unexpected crises, so should businesses.

[bigbob2]

The alternative seems to be to let millions get sick en masse, potentially leading to similar shutdowns for longer time periods (i.e. failing to "flatten the curve"). I don't think you can claim those businesses would be fine unless you define a timeline to go with your assertion; say, "those businesses would be fine for n weeks."

[sharken]

Remember that sick != dead, unless you have risk factors, 60+ or is immunocompromised in which case you should do everything you can to stay at home and practice distancing.

[ls612]

The other thing is that half of the cost is in the form of low interest loans and loan guarantees, and presumably most of those will not default if this doesn’t go on too long and thus won’t actually be real costs

[ars]

If those companies go under they take a lot of jobs with them. It seems more efficient to prop them up instead of making direct payments to the employees who would have lots their jobs.

Especially since a lot of the companies are only asking for loans, not handouts.

[toomuchtodo]

> Naturally people aren't going hole up for a year, but we have to stop acting antsy when we've been in our houses a week or two.

It's natural to be antsy if you've lost your job, have no social safety net, and can't pay for food or your rent.

Either pay them to stay home, or don't be surprised when they leave to attempt to make a living to survive. They're already at risk of being homeless and destitute, so COVID matters much less to them. And I don't blame them.

[SketchySeaBeast]

I agree. Let's pay people so that everyone can do the right thing in this time of crises.

[evan_]

> I'm assuming the government does its job

What has led you to make this assumption?

[brewdad]

State and local governments are doing a good job in many locales. Assuming more Governors don't follow the jackwagon leading Mississippi and override local efforts, the situation should improve despite the lack of leadership and execution at the federal level.

[murph-almighty]

What's going on in Mississippi?

[brewdad]

Governor overriding local efforts to contain the virus. While the order improves things in some areas it weakens efforts in the cities that were trying to get ahead of the curve.

https://m.jacksonfreepress.com/news/2020/mar/24/gov-tate-ree...

[throwanem]

https://www.google.com/amp/s/www.businessinsider.com/coronav...

[SketchySeaBeast]

It could very well be a bad assumption, but efforts seem ot be being made now to get people support. Hopefully they get there or this is going to be really bad.

[noarchy]

>Hopefully they get there or this is going to be really bad.

The right thing for governments to do is to help mitigate the damage they've caused by ordering massive shutdowns. They can't do one without the other otherwise, indeed, it will be really bad.

[sharken]

Got any data to support your claim, otherwise I could argue that risk factors, 60+, immunocompromised are the MAJOR concerns as stated above. Looking to Italy and Spain seems to confirm this view.

[sixothree]

Everything suggests this is taking a dark turn in the coming days. I'm doing my best to stay safe.