The economy was already collapsing long before the appearance of the coronavirus.
The coronavirus did not cause the economy to collapse; it exacerbated the collapse already in progress: the recession.
Trump lies when he says the economy was doing great before the coronavirus hit; in fact, Trump could lessened to impact from the coronavirus pandemic had he properly prepared for this hit... he chose to play golf and stir up racist hate instead.
Another big lie from Trump and his gaggle of capitalist South-Sayers: The economy will recover quickly once the coronavirus pandemic subsides.
Any recovery will be very slow and prolonged. The reason for this is very simple: Trump is using this crisis to drive down the standard of living of the working class... the very people who need money in their pockets to purchase basic necessities, goods and services.
A very simple economy truth:
If people don’t have money to spend, manufacturing and production isn’t going to resume.
Why would any capitalist whose only concern is profits, hire workers and step up production to produce goods and services that can’t be sold because people don’t have the money to purchase what they produce?
The best way to get the economy going would be to tax the hell out of the rich until they cry like a bunch of babies and provide every adult in this country with $2,000.00 a month along with giving people $100.00 a month for every child.
By subsidizing businesses with these non-repayable loans, Trump is assuring the recession will deepen and take longer for a recovery.
Trillions of dollars, the wealth created by workers, are being traded on Wall Street when this wealth belongs in the hands of working class families so they can spend this money to meet their needs... and this would stimulate production, get people back to work... this stimulating the economy- which all these capitalist Sooth-Sayers claim they want to do.
I challenge anyone to dispute anything I have stated here.
And, as I have repeatedly pointed out, by shifting from a for-profit market driven health care system to a National Public Health Cade System providing the American people with free health care would result in working people having trillions of dollars to spend.
In addition, by cancelling student debt, more trillions of dollars are available for consumers to spend... more economic stimulation.
We could switch to fare-free public transportation and this would free up more trillions of dollars for consumer spending plus contribute to ending global warming... this would be another huge boost to the economy.
All this squandering of the wealth created by the working class to the tune of trillions of dollars on militarism and wars is a huge brake on the economy.
We have seen the capitalist economy will never be a thriving economy with production being planned for human needs.
The sooner we have a socialist revolution putting the working class in power and control the better because the greedy selfish Wall Street in-breeders aren’t capable of thinking about doing what is best for everyone and the well-being of the planet.
The coronavirus did not cause the economy to collapse; it exacerbated the collapse already in progress: the recession.
Trump lies when he says the economy was doing great before the coronavirus hit; in fact, Trump could lessened to impact from the coronavirus pandemic had he properly prepared for this hit... he chose to play golf and stir up racist hate instead.
Another big lie from Trump and his gaggle of capitalist South-Sayers: The economy will recover quickly once the coronavirus pandemic subsides.
Any recovery will be very slow and prolonged. The reason for this is very simple: Trump is using this crisis to drive down the standard of living of the working class... the very people who need money in their pockets to purchase basic necessities, goods and services.
A very simple economy truth:
If people don’t have money to spend, manufacturing and production isn’t going to resume.
Why would any capitalist whose only concern is profits, hire workers and step up production to produce goods and services that can’t be sold because people don’t have the money to purchase what they produce?
The best way to get the economy going would be to tax the hell out of the rich until they cry like a bunch of babies and provide every adult in this country with $2,000.00 a month along with giving people $100.00 a month for every child.
By subsidizing businesses with these non-repayable loans, Trump is assuring the recession will deepen and take longer for a recovery.
Trillions of dollars, the wealth created by workers, are being traded on Wall Street when this wealth belongs in the hands of working class families so they can spend this money to meet their needs... and this would stimulate production, get people back to work... this stimulating the economy- which all these capitalist Sooth-Sayers claim they want to do.
I challenge anyone to dispute anything I have stated here.
And, as I have repeatedly pointed out, by shifting from a for-profit market driven health care system to a National Public Health Cade System providing the American people with free health care would result in working people having trillions of dollars to spend.
In addition, by cancelling student debt, more trillions of dollars are available for consumers to spend... more economic stimulation.
We could switch to fare-free public transportation and this would free up more trillions of dollars for consumer spending plus contribute to ending global warming... this would be another huge boost to the economy.
All this squandering of the wealth created by the working class to the tune of trillions of dollars on militarism and wars is a huge brake on the economy.
We have seen the capitalist economy will never be a thriving economy with production being planned for human needs.
The sooner we have a socialist revolution putting the working class in power and control the better because the greedy selfish Wall Street in-breeders aren’t capable of thinking about doing what is best for everyone and the well-being of the planet.
