[Mick]

787,000 initial unemployment claims last week, 856,000 the week before.  Both about 4x the pre-COVID figures.

23,150,427 people claiming payment from federal government initial unemployment programs.

https://www.dol.gov/ui/data.pdf

About 10 million fewer people are employed full-time right now versus a year ago.

https://www.bls.gov/web/empsit/cpseea07.htm

So awesome to see this, huh? https://misorobotics.com/

How many jobs will be eliminated by this alone?  WTF is the point folks?  Are we suppose to be taking care of each other, or is everyone suppose to be for themselves, destroying as many lives as they can for themselves to get more, what, exactly?

Well, I think we're probably getting what we deserve.  We're going from a president whose pre-COVID economic approach resulted in a lot more money for billionaires, a little more money for the upper and middle classes and a sliver more money for the rest; to Joe Biden who will likely rebalance the scales in a non-dramatic way; e.g., higher federal income taxes. I don't expect Biden will address the issue to which you are referring, though.  We won't see wealth taxes or inheritance taxes, not under Biden, who will be (I assume) as beholden to Wall Street as any other standard Democrat.  And I doubt he will do anything other than wring hands when unemployment gradually rises because of automation.  As Trump pointed out, he's been part of the system for 47 years, VP for eight years. Why would the basics change?

And to the point of those basics, the COVID crisis has a ways to run. I wonder how effective Biden/Harris will be? Will they do anything materially different from what Trump did? We'll see.

I don't anticipate Joe will be in office all that long.  He's clearly deteriorating.  The 25th amendment might actually work on him.  So what will be interesting is what President Harris will do. Keep in mind, she was a candidate who pulled out of the Democratic primaries on December 3, before seven other candidates withdrew and eight who stuck it out to the end, making her #16 in popularity among Democrats), you will have a President who was quite clearly very unpopular within her own party.  Donald Trump had ten times as many write-in votes in the Democratic New Hampshire primary (1,217) than Harris (129).  Incidentally, based on that measure, if Biden was limited to female VP candidates of color, he would have been better off with Tulsi Gabbard, who received 9,755 votes in New Hampshire.

I wonder how Harris felt when she received the VP nomination.  Basically a political nonentity outside of California, who had trouble connecting with voters, can you imagine how fortunate she must have felt?  And now, sooner or later, she's going to become President.  She certainly thinks of herself as President, given her repeated references to the "Biden-Harris Presidency."

I would expect a more Progressive/Socialist response from Kamala Harris than Joe Biden -- in all its forms, including higher taxes across the board, universal health care, basic guaranteed income, and other restrictions on the wealthy.  Should get interesting.

[Mick]

787,000 initial unemployment claims last week, 856,000 the week before.  Both about 4x the pre-COVID figures.

23,150,427 people claiming payment from federal government initial unemployment programs.

https://www.dol.gov/ui/data.pdf

About 10 million fewer people are employed full-time right now versus a year ago.

https://www.bls.gov/web/empsit/cpseea07.htm

So awesome to see this, huh? https://misorobotics.com/

How many jobs will be eliminated by this alone?  WTF is the point folks?  Are we suppose to be taking care of each other, or is everyone suppose to be for themselves, destroying as many lives as they can for themselves to get more, what, exactly?

Well, I think we're probably getting what we deserve.  We're going from a president whose pre-COVID economic approach resulted in a lot more money for billionaires, a little more money for the upper and middle classes and a sliver more money for the rest; to Joe Biden who will likely rebalance the scales in a non-dramatic way; e.g., higher federal income taxes. I don't expect Biden will address the issue to which you are referring, though.  We won't see wealth taxes or inheritance taxes, not under Biden, who will be (I assume) as beholden to Wall Street as any other standard Democrat.  And I doubt he will do anything other than wring hands when unemployment gradually rises because of automation.  As Trump pointed out, he's been part of the system for 47 years, VP for eight years. Why would the basics change?

And to the point of those basics, the COVID crisis has a ways to run. I wonder how effective Biden/Harris will be? Will they do anything materially different from what Trump did? We'll see.

I don't anticipate Joe will be in office all that long.  He's clearly deteriorating.  The 25th amendment might actually work on him.  So what will be interesting is what President Harris will do. Keep in mind, she was a candidate who pulled out of the Democratic primaries on December 3, before seven other candidates withdrew and eight who stuck it out to the end, making her #16 in popularity among Democrats), you will have a President who was quite clearly very unpopular within her own party.  Donald Trump had ten times as many write-in votes in the Democratic New Hampshire primary (1,217) than Harris (129).  Incidentally, based on that measure, if Biden was limited to female VP candidates of color, he would have been better off with Tulsi Gabbard, who received 9,755 votes in New Hampshire.

I wonder how Harris felt when she received the VP nomination.  Basically a political nonentity outside of California, who had trouble connecting with voters, can you imagine how fortunate she must have felt?  And now, sooner or later, she's going to become President.  She certainly thinks of herself as President, given her repeated references to the "Biden-Harris Presidency."

I would expect a more Progressive/Socialist response from Kamala Harris than Joe Biden -- in all its forms, including higher taxes across the board, universal health care, basic guaranteed income, and other restrictions on the wealthy.  Should get interesting.