Re: it's class war

[robert <http://dummy.us.eu.org/robert>]

This analysis from electoral-vote is good.  It shows that any stimulus
will depend critically upon who exactly receives financial relief.
Landlords and the wealthy just sticking the money in the bank does nobody
any good.

 > From: Noelle <http://dummy.us.eu.org/noelleg>
 > Date: Thu, 26 Mar 2020 14:08:17 -0700 (PDT)
 >
 > and from electoral-vote.com:
 > Gov. Gavin Newsom (D-CA) announced yesterday that in the past 2 
 > weeks, 1 million Cans have filed for unemployment. 
 > Ca has 40 milion people, so that is 2.5% of the entire 
 > population of the state. When you discount children and retired 
 > people, that is roughly 5% of the workforce. If this rate is 
 > extrapolated to the country as a whole, with 331 million people, 
 > 2.5% of that suggests that 8.2 million people have become unemployed 
 > nationally in the past 2 weeks.
 > 
 > That number is probably an overestimate since urban states like 
 > Ca have suffered more than rural states like Wyoming. Still, 
 > even 4 million newly unemployed would be a huge jump. In February 
 > 2020, the Bureau of Labor Statistics reported an unemployment rate 
 > of 3.5% and 5.8 million people unemployed. If an additional 8.2 
 > million unemployed were added in the March report, the number of 
 > unemployed people would jump to 14.0 million and the rate would 
 > climb to 8.4%. If only 4 million people were newly unemployed in 
 > March, the ranks of the unemployed would jump to 9.8 million and the 
 > rate hit would hit 5.9%. Having the unemployment rate go from 3.5% 
 > to somewhere between 5.9% and 8.4% will shoot a couple of holes in 
 > Trump's plan to campaign on how great the economy is.
 > 
 > Of course, the relief bill will kick in by May. Companies will get 
 > federal funds on the condition they keep their employees on the 
 > payroll, even if they have nothing to do. People will get their 
 > $1,200 checks and start buying things, which will hopefully cause 
 > businesses to start rehiring people who have been laid off. So the 
 > April and especially May numbers could well be much lower than the 
 > March numbers, but certainly not as good as the February numbers. By 
 > June we should have a better idea of where the unemployment numbers 
 > are and thus how potent a campaign issue this will be. In the end, 
 > it is the September numbers that matter though (because the October 
 > numbers won't be available before Nov. 3). (V)
 > 
 > On Thu, 26 Mar 2020, Noelle wrote:
 >  > at least in NYC and out in The Hamptons
 >  > 
 >  > https://www.nytimes.com/2020/03/25/opinion/coronavirus-delivery-drivers.html?action=click&module=Opinion&pgtype=Homepage