03-20-2020, 04:33 PM
(03-20-2020, 03:22 PM)burger Wrote: Well, judging from air quality and traffic data, there seems to be a lot of compliance so far. I'm sure it's not perfect, but Newsom said they weren't worrying about enforcement yet. That comes next if there is not compliance or the numbers don't respond (which we won't know for ~10 days or more).For sure lots of people are complying. For sure quite a few are not. I had hopes that compliance would happen voluntarily, because when enforcement is required, things get ugly fast. We in Northern Cal have a few days head start over the rest of the state. Mayor Breed has just recently had to admonish people not to schedule dinner parties (!). I think lots of people don't yet realize that this is serious and that they don't get to chose what part of the rules they follow. They stay home from work but then let their kids play in the street with the other neighborhood children. No big deal, what could it hurt?
Quote:I agree that a one-time $1500 or whatever is woefully insufficient--that's what the Republicans have been throwing around (plus a lot of corporate tax cuts which will not help anyone). The Democratic proposal that I saw was for like $2000 per month per adult plus more for kids. That is a pretty good start, though still not enough I think.I think you and I will never see this the same way. While I agree some immediate relief to get people through the next three weeks is necessary, that really isn't going to much matter in the grand scheme of things. What we all need to hope for is that the shelter in place is "short" and that plans are made to spread the pain in a way that the economy can treat this period of time as a non-event/holiday. This means businesses that are closed/not fully open pay no rent while they are in that state. Landlords don't have to make mortgage payments to the bank if the property in question is not fully open. These aren't loans, they are holidays. Yes, the landlord takes the hit but hopefully he has a viable tenant when things restart. The bank takes a hit too, but at least they don't have a pile of non-performing loans after the lockdown is over. These policies and things like them may preserve some confidence that the economy will not tank. This kind of planning is what will really matter. Without that, all the "relief" in the world is futile. You can never print enough money. We tried that during the great depression. It kept people from starving but it didn't restore the economy. Interest rates are already zero. That lever has been pulled. Distributing lots of cash isn't going to "fix" anything. It can get us through to the next steps, but nothing more.
