1.4 Million More Americans Seeking Unemployment Benefits As GDP Drops | Stephanie Ruhle | MSNBC

1.4 Million More Americans Seeking Unemployment Benefits As GDP Drops | Stephanie Ruhle | MSNBC 1

 

Second-quarter GDP fell a historic 32.9 percent while more than 1.43 million people filed for unemployment benefits for the first time last week, according to the Department of Labor. Aired on 7/30/2020.
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1.4 Million More Americans Seeking Unemployment Benefits As GDP Drops | Stephanie Ruhle | MSNBC

81 Comments on "1.4 Million More Americans Seeking Unemployment Benefits As GDP Drops | Stephanie Ruhle | MSNBC"

  1. Todd Jenkins | July 30, 2020 at 1:00 PM | Reply

    Trump will blame this on Obama

    • Don Williams | July 30, 2020 at 2:10 PM | Reply

      @White Jesus Worst ever huh? Hmmm Yet the Dems answer is to STAY SHUT DOWN FOR MNTHS and that will what? Speed the economic recovery? So if you dipshits are blaming Trump for this economy NOW because of the Wuhan Virus, you were praising him from Feb this year and before for all the economic good right? Lowest unemployment in 50 years and on and on. Right?

    • @Don Williams Imagine being so stupid that you look at Trump, there’s this treasonous, traitorous, totally corrupt, self serving, ignorant clown, this racist, semi-literate moron, this sexually assaulting pathologically lying, feeble minded, morally bankrupt, constitutionally-illiterate simpleton, this bloated nitwit with his cotton candy hair, radioactive tinted skin and obese dishevelment, and think…”NOW THAT’S A GUY I REALLY ADMIRE”

    • Keith Johnson - Shelby GT500 | July 30, 2020 at 4:44 PM | Reply

      *New Study Confirms That The Welfare State Discourages Work*

      *At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation.*
      June 16, 2020 https://thefederalist.com/2020/06/16/new-study-confirms-that-the-welfare-state-discourages-work/

      *Ronald Reagan had an old adage about the nine most terrifying words in the English language: “I’m from the government and I’m here to help.” Recently, a new paper reinforced that truth and adds to the existing literature showing how America’s welfare state often traps generations in a cycle of poverty.*

      *At its core, a complicated set of welfare programs and tax breaks generate sizable incentives for many low-income Americans not to increase their incomes and improve their station in life. This “poverty trap” results in well-intentioned government programs hurting those they were designed to help.*

      *Marginal Tax Rates*

      The study, published by the National Bureau of Economic Research (NBER), examined marginal net tax rates on American households. Their analysis included the phase-out effects of various government programs and the extent to which those phase-outs discourage work.

      For instance, consider the $1,200 payments in March’s coronavirus “stimulus” legislation. Individuals with incomes under $75,000 qualified for the full $1,200 payment, while the payment was reduced by 5 percent for each dollar of income over $75,000. As a result of this phase-out rate, individuals with incomes over $99,000 receive no payment.

      For every additional dollar of income a person making $75,000 received, he will lose five cents of his “stimulus” payment, plus have to pay regular federal income taxes (likely at a 22 percent rate), payroll taxes (7.65 percent), and state and local income taxes where applicable.

      Put another way, the coronavirus checks gave people making between $75,000-$99,000 added incentive to reduce their income. By working fewer hours, sheltering income from taxes, or both, people could “maximize” their “free” payment from the federal government.
      The researchers studied data from 2016, well before this year’s “stimulus” (or the coronavirus). But as the paper’s introduction notes, many other federal programs and laws have similar distortionary effects:

      Earn $1 too much two years back and your Medicare Part B premiums will rise by close to $800. Earn $1 too much and, depending on the state, lose thousands of dollars in your own or your family’s Medicaid benefits. Hold $1 too much in assets and forfeit thousands in Supplemental Security Income.

      Earn an extra dollar and receive thousands of dollars in Obamacare subsidies. Earn $1 beyond Social Security’s earnings ceiling and watch your Social Security payroll tax drop to zero. Earn $1 too much and flip onto the Alternative Minimum Tax (AMT), reducing your marginal income-tax bracket from a rate as high as 37 percent to 28 percent. Earn $1 too much and lose 22 cents, in the Earned Income Tax Credit and the list goes on.

      If this appears to look almost like a game, you’re not far off. It’s hard not to view it as the government picking winners and losers through its various program parameters. Made an extra $1 of income? Too bad — now we’re taking your subsidy away. Do not pass go, do not collect $200.

      *Worst Effects on the Poor*

      Unfortunately, these distortionary effects hit poor and near-poor households the hardest. As Gene Steuerle of the Urban Institute has documented, phase-outs of programs like cash welfare, food stamps, the Earned Income Tax Credit, and Obamacare subsidies mean households making roughly $10,000-$40,000 can lose almost as much in government benefits as they gain in added income by working additional hours.

      The new NBER study further quantifies this phenomenon. It finds that, both over the current year and over their lifetimes, individuals in the lowest income quintile (the bottom 20 percent) face higher marginal tax rates than those in the next three income quintiles (from the 20th percentile of income through the 80th percentile). Essentially, when taking the phase-out of government benefits into account, the poor face more disincentives to work than the middle class.

      It gets worse. One in four low-income households (those with income in the bottom 20 percent) face lifetime marginal net tax rates of more than 70 percent. As the authors put it: “One in four of our poorest households, regardless of age, make between two and three times as much for the government than they make for themselves in earning an extra $1,000.” Given the construct of the modern welfare state, it seems less logical to ask why poor people wouldn’t work and instead to ask why they would.

      There is, however, one silver lining in the paper: States can help undo the damage caused by poorly crafted federal policy. The NBER researchers found that a “typical household can raise its total remaining lifetime spending by 8.1 percent by moving from a high-tax to a low-tax state.”

      *Break the Cycle of Poverty*

      Obamacare didn’t create the phenomenon of the welfare state discouraging work, but it did make this worse. The Congressional Budget Office noted repeatedly that the phase-outs in the law’s insurance subsidies penalize individuals who earn more income. Its most recent in-depth analysis, conducted in February 2014, concluded the law would reduce the labor supply by the equivalent of about 2.5 million full-time jobs.

      More recently, of course, lawmakers in the CARES Act provided a $600 per week federal supplement to unemployment insurance, further discouraging work. Because more than two-thirds of unemployed individuals can now make more money on unemployment than they did while working, businesses face difficulty recruiting furloughed employees back to their jobs.

      At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation. Reforming the system to eliminate work disincentives could save taxpayer funds. More importantly, it would encourage all Americans to embrace the dignity of work.

    • @Keith Johnson – Shelby GT500 the FEDERALIST IS A RIGHT WING BIASED PROPAGANDA………….try a NON BIASED STUDY TO PROVE YOUR POINT
      explain how 1.5 MILLION more went on unemployment this week??????? because they didn’t go back? NO JOBS TO GO BACK TO BECAUSE A FLAWED LEADER HAS NO ACTION PLAN FOR COVID AND NOW WE ARE THE LEADING CAUSE OF CASES AND DEATHS………a vote for trump is a VOTE FOR MORE DEATH!!!!!!

  2. fourthqtrplayer | July 30, 2020 at 1:03 PM | Reply

    More Americans on unemployment and Mitch wants to give us pennies, while big business scoops the rest! By delaying stimulus, Mitch banking on more deaths, so less to pay out?!??

    • Melvin Pjotr | July 30, 2020 at 2:03 PM | Reply

      Also: more evictions = more houses that can be bought cheap by the top 1% …

    • YAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

    • fourthqtrplayer | July 31, 2020 at 1:20 PM | Reply

      @errgsd over 152000 deaths in the US and it’s only July…..that’s some strong flu!?

    • Charles Byrge | August 1, 2020 at 12:51 AM | Reply

      Trump must look as bad as possible !

    • did this guy say it would put more pressure on Mitch to do more.That was a good one.

  3. Beach & Beer | July 30, 2020 at 1:05 PM | Reply

    I want to know .. how much taxpayers $$ went into trump’s business?

    • Moscow Mitch | July 31, 2020 at 7:20 PM | Reply

      @errgsd I dont remember the Flu overwheling ICU’s and hostpitals respirators where they have to bring in refridgerater trucks to store the dead people because the morgue is at capacity and also the flu never killed two people in my family in 4 months apart before

    • @Sask Sun seekers
      President Trump stepped over the wishes of his own GOP Party and offered Nanct Pelosis Democrats a $600 a week unemployment extention to avoild friday nights deadline for unemployment benefits ! Pelosi said no ! Now 16 million Americans lost $600 unemployment thanks to political motivations of Nancy Pelosis Democrat marxists. Get a job quick.. No more unemployment benifits. Thanks Nancy marxist and friends in the DNC elite.

    • Biden szid medicare for all is a children request lmfao….

    • Anita Bruton | August 1, 2020 at 1:05 PM | Reply

      @American Pie Try again. Nancy Pelosi is disputing that and says she wants the Republicans to say that same lie to her face. the Truth is the Republicans still can’t agree on anything and rather than looking bad to the voters they decided to just bold face lie so their supporters have something to hang their hats on.

    • American Pie | August 1, 2020 at 1:27 PM | Reply

      @Anita Bruton
      The Associated Press AP very authoritative relied on by all.media outlets proves Pelosi doesnt give a crap the 16 million families just lost benefits that she said no to. Shes using you.

      Email

      Democrats reject Trump’s offer of one-week extension for $600 jobless benefit

       

      Democrats reject Trump’s offer of one-week extension for $600 jobless benefit

      Damian Dovarganes

      WASHINGTON (AP) — With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the economy afloat during the COVID-19 pandemic, but Democrats rejected it,

  4. Richard Owens | July 30, 2020 at 1:05 PM | Reply

    I like Presidents who don’t make excuses and blame shift about not solving problems they’re responsible for solving.

    • Richard Owens | July 30, 2020 at 2:12 PM | Reply

      @C C Trump is NOT allowing it! He’s sending in federal storm troopers to intimidate and brutalize peaceful protesters! Take your own advice – PAY ATTENTION!

    • @Richard Owens LOL No he’s not. He sent in Federal Police to protect a courthouse that violent communists had been trying to burn down (with people inside) for over a month.
      Nothing “peaceful” about attempted murder.

    • Richard Owens | July 30, 2020 at 5:31 PM | Reply

      @C C Stop lying! The videos have been all over the news of federal troops in unmarked vehicles scooping up peaceful protesters, and driving off with them, not reading them their rights, charging them with crimes, or arresting them – just terrorizing them and then releasing them! How is that supposed to solve the problem? And, you clearly have no comprehension of what a “communist” is!

    • @Richard Owens The “News” is lying to you. Watch the actual, un-edited videos.
      Plus, the police don’t have to read you a damned thing. You chumps watch too many movies.

    • VAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  5. john beasley | July 30, 2020 at 1:09 PM | Reply

    Deplorable republicans don’t care about anyone but their selves.they keep letting frump and his trumpdemic go on with no rules or guidelines.

    • @GhostHunterGirl THEY WERE ON FEDERAL PROPERTY WHERE THE FEDERAL GOVERNMENT HAS JURISDICTION. How can you be so dumb?
      Do they not teach civics in school anymore?

    • GhostHunterGirl | July 30, 2020 at 3:34 PM | Reply

      @C C CAPS LOCK OFF and don’t like your own comments 👍

    • @GhostHunterGirl You seem very authoritarian. Why do you think you can go around, telling other people what to do?
      Why are you oppressing me?
      Are you a Nazi?

    • Keith Johnson - Shelby GT500 | July 30, 2020 at 6:03 PM | Reply

      *Record $135 billion a year for illegal immigration, average $8,075 each, $25,000 in NY*
      Sept 2017 https://www.washingtonexaminer.com/record-135-billion-a-year-for-illegal-immigration-average-8-075-each-25-000-in-ny

      *The swelling population of illegal immigrants and their kids is costing American taxpayers $135 billion a year, the highest ever, driven by free medical care, education and a huge law enforcement bill, according to the the most authoritative report on the issue yet.*

      And despite claims from pro-illegal immigration advocates that the aliens pay significant off-setting taxes back to federal, state and local treasuries, the Federation for American Immigration Reform report tallied just $19 billion, making the final hit to taxpayers about $116 billion.

      State and local governments are getting ravaged by the costs, at over $88 billion. The federal government, by comparison, is getting off easy at $45 billion in costs for illegals.

    • @Real American AKA “Fake News” that only cultists believe!

  6. Greg Friedler | July 30, 2020 at 1:11 PM | Reply

    Can we stop describing Trump’s economic predictions as “magical thinking “?

    Call it for what it is, the idiotic ramblings of sociopath whose immense privilege enables him more opportunities to fail at everything, every time and at “levels you wouldn’t believe”.

  7. riffle queen | July 30, 2020 at 1:12 PM | Reply

    $2,000 monthly stipend while the Corona Virus is running out of control is what is needed!

  8. Ann van de Kew | July 30, 2020 at 1:13 PM | Reply

    Donald Trump’s incompetence, ignorance & indifference has made
    him the most deadly, job-killing president in our history.

    • David's Garden | July 31, 2020 at 5:27 PM | Reply

      @Ann van de Kew Just save it buttercup. Your information comes from liars so who’s really the dumb gullible one huh? YOU.

    • Ann van de Kew | July 31, 2020 at 5:51 PM | Reply

      @David’s Garden , Y’all’s one ’em rushin’ trollops, ain’t ya.

    • Ann van de Kew | July 31, 2020 at 5:53 PM | Reply

      @David’s Garden , Y’all ain’t smart ‘nough to get a real job, cain’t you.

    • Ann van de Kew | July 31, 2020 at 5:57 PM | Reply

      Trump’s psychiatrist told him: “You’re going crazy”. Trump told him: “I’d like a second opinion”. The doctor said, “Alright, you’re ugly too”.

    • Ann van de Kew | July 31, 2020 at 6:19 PM | Reply

      @David’s Garden Have you heard that Putin sent Trump a jar of hummus.
      It’s made of chick pea.

  9. Dead end because Republicans are once again focused on giving most of it to the rich and the Pentagon.

    • 137 Democrats in the House voted to increase military spending in May. The MIC owns both parties.

    • Exactly they were voting on their regular budget. They don’t need more money now from the covid-19 funds!! That’s the Republicans fighting to hand over the covid-19 are supposed to go toward people who are suffering and in dire need of them.

  10. Bunker Baby dRumph | July 30, 2020 at 1:14 PM | Reply

    If you are out of a job then you know what you have to do! Yes! Vote Blue No Matter Who & Make America Normal Again MANA oh MANA!

  11. David Waring | July 30, 2020 at 1:15 PM | Reply

    I like Presidents who work for America and not Russia!

    • Yet all it takes is some Russian trolling and spreading of conspiracy theories, to get the vast majority of “poorly educated” people believing all this nonsense. Can you imagine how happy Russia and China are that Trump is literally destroying America? He wants to cause divide more than anything.

    • You want a President that works for Communist China.

    • We have met the enemy an he is us.

    • 7According to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  12. Not Washington… Not Congress… Republicans have waited til now after the house passed a bill 10 weeks ago… Be accurate please.

    • GAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  13. 151,000 dead from a mismanaged pandemic, an economy imploding, wall to wall mayhem incompetence and irresponsibility………” I take responsibility for nothing” the words of a great leader🤯😷

    • VAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  14. Ms Ruhle – finger who’s really holding up the talks. Mitch McConnell has refused repeatedly to sit down with any Democrat. HE is the blocker!

    • Laura Lafauve | July 30, 2020 at 2:29 PM | Reply

      Exactly. What is Moscow Mitch up to? What’s his game plan? Is China or Moscow using him? Both?
      Something sure smells in the Senate.

    • FAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

    • Laura Lafauve | July 31, 2020 at 1:52 PM | Reply

      @errgsd no, you’re thinking .01 as opposed to 0.1, there is quite a difference between the two.

  15. To say it in Trumpty Dumbty’s words, jobs will disappear like “magic”! Unlike the corona virus.

    • Afccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

    • @errgsd
      You need to read the time frame of some of the results on their reported numbers!
      And, their initial approach was different than America, as well as their rapid testing and tracking. They were ahead of us from the start!
      The people in most countries didn’t whine about wearing masks, isolating and taking the safety precautions to protect each other like far to many people here in America have rejected, starting with the president down!
      Also, I am sticking with what the updated CDC here in the U.S.A. reports because our situation as world epicenter of cases and deaths is tragic!
      This is not the flu, this is not comparable to auto accidents, and if you have been reading the virus has mutated to make itself more able to infect humans, and it’s not just the elderly getting infected, being the majority of hospitalizations!
      And, the after effects of continuing health issues is a very real and serious matter for all ages!
      I am truly sick of people downplaying with their trumpian political goals the true seriousness of this very serious contagious, killing virus crisis, because it’s him and those who believe his unqualified words and lack of appropriate actions that has us where we are today!
      Ignorance is not a tool, it’s a killer of human lives!

  16. T.A. ACKERMAN | July 30, 2020 at 1:35 PM | Reply

    Get Kudlow to tell us again how well we’re all doing. Wait, He’s busy bashing Fauchi.

    • FAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  17. “By June, we’ll see rocking recovery!”- Jared Kushner, expert economist, pandemic advisor and international politics

    • Brother Sanguinary | July 30, 2020 at 3:19 PM | Reply

      I hear that Israel and the Palistianians are holding hands and singing koombayah. So much winning! For his next trick maybe he will pull a rabbit out of his hat!

    • Stephanie Lewis | July 30, 2020 at 3:44 PM | Reply

      Are we winning yet Trump?

    • GAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  18. Progressive Humanist | July 30, 2020 at 1:41 PM | Reply

    America is 45*’s last bankruptcy before jail.

    • DAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

  19. Seems like the billionaires were lying when saying big corporations are keeping the gdp stable, cause they were able to make over 500 billions in profit and the gdp still fell. Hope everyone can see now that the little businesses and hardworking anericans are the ones who make a profit for the country, while some folks just hoard money in taxhavens.

    • JAccording to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).

      In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.

      Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.

      Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
      https://swprs.org/a-swiss-doctor-on-covid-19/

      https://swprs.org/studies-on-covid-19-lethality/

    • @errgsd Well, for Influenza we got fully fleshed out treatments and vaccines.
      Did you put that into account? And did you put into account the differences in transmission type and rate? Did you also put into account that covid shows adverse affects on the lungs and brain tissue even in asymptomatic patients? Oh and did you put into account, that maybe it is bad enough to have people die on the seasonal influenza and adding another virus to the mix isn’t the brightest idea?
      Btw: 0.1% of 331 million people, currently living in the US is 331000, just to put that number into perspective.
      But hey, keep on ignoring it and let’s see how that works out for you ; )

    • joyce Loesch | August 1, 2020 at 4:34 PM | Reply

      The U.S. economy is 70% consumer-driven, that’s why.

  20. Ice Venomous | July 30, 2020 at 2:25 PM | Reply

    The President does not CARE, his only duty is help Russia destroy america.

    • He’s doing a good job here with TrumpVirus 🇺🇸🇷🇺

    • Keith Johnson - Shelby GT500 | July 30, 2020 at 6:03 PM | Reply

      *Record $135 billion a year for illegal immigration, average $8,075 each, $25,000 in NY*
      Sept 2017 https://www.washingtonexaminer.com/record-135-billion-a-year-for-illegal-immigration-average-8-075-each-25-000-in-ny

      *The swelling population of illegal immigrants and their kids is costing American taxpayers $135 billion a year, the highest ever, driven by free medical care, education and a huge law enforcement bill, according to the the most authoritative report on the issue yet.*

      And despite claims from pro-illegal immigration advocates that the aliens pay significant off-setting taxes back to federal, state and local treasuries, the Federation for American Immigration Reform report tallied just $19 billion, making the final hit to taxpayers about $116 billion.

      State and local governments are getting ravaged by the costs, at over $88 billion. The federal government, by comparison, is getting off easy at $45 billion in costs for illegals.

    • Charles Byrge | August 1, 2020 at 12:50 AM | Reply

      @Keith Johnson – Shelby GT500 Xanax time buddy ,( happening now ! ) girl from Mexico here pregnant, wants to go back but must have baby here to lock in the benefits, then she’s going back to Mexico, just relax you can’t do nothIng about it, it’s too late, MEXICANS AND DEMOCRATS are the majority in So. California……… DUDE ! Game over ; )

    • Keith Johnson - Shelby GT500 | August 1, 2020 at 7:21 PM | Reply

      *Joe Biden Offers Plan to Raise Taxes by $4 Trillion Dollars…Most Expensive Tax Increase in US History*
      May 26, 2020 https://davidharrisjr.com/steven/joe-biden-offers-plan-to-raise-taxes-by-4-trillion-dollars-most-expensive-tax-increase-in-us-history/

      *Joe Biden apparently believes this country needs to commit suicide and so he is offering a tax increase of $4 trillion dollars. Considering the huge losses many companies suffered from the DTMNBN (Disease That Must Not Be Named) this is plain crazy. It could cause companies to fold their tent and go home.*

      *Biden’s plan is even more expensive than the one offered by Hillary Clinton in 2016. Her plan would have raised taxes by $1.5 trillion dollars. Biden is trying to curry favor with the far left that is demanding massive new spending.*

      Biden would raise capital gains taxes by 20 percentage points, which would mean decreased investment since loans made usually see a loss of one third of their investments.

      With the larger costs, many venture capitalists will increase their investments overseas and drastically reduce US investments at a time we can ill afford it.

      He also plans to raise corporate taxes by seven percentage points. The Trump tax cuts that brought the US corporate taxes in line with other countries led to a huge hiring boom, raises in pay and benefits for it’s employees. Biden’s plan will reverse all of that. Good idea?

      *The Washington Free Beacon reports:*

      CNBC Reporter: *Biden Tax Plan ‘Most Expensive’ in Recent History*

      “The truth is that Joe Biden, even though he’s portrayed as a moderate, is offering the most expensive Democratic tax plan that we’ve seen from any Democratic candidate in recent history,” Frank said in an interview. “Hillary Clinton’s total plan was $1.5 trillion. Biden’s plan is $4 trillion.”

      Biden has been courting a number of progressives in advisory roles to his campaign in recent weeks. Last Wednesday, he announced his new “unity task forces” with rival primary candidate Sen. Bernie Sanders (I., Vt.). The group, which includes freshman congresswoman Alexandria Ocasio-Cortez (D., N.Y.) and top economic advisers to the Sanders campaign, will collectively develop the Democratic Party’s 2020 platform.

    • Keith Johnson - Shelby GT500 | August 1, 2020 at 7:47 PM | Reply

      @Charles Byrge *Trickle Down Theory and Tax Cuts for the Rich – Works Every Time*

      Argued for Tax Cuts

      John F. Kennedy (D)
      Ronald Reagan (R)
      George W. Bush (R)

      the affect on the economy?

      It increased the Rate of Growth
      It increased the Revenue Received by the Government

      the Rich not only paid more taxes after the tax cuts,
      they paid a higher percentage of all taxes collected

      – Barack Obama insisted Trickle Down Economics didn’t work

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