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I'm pretty worried about this. I don't think this rate cut makes any sense. You can't stimulus away a virus.



Yes but it could avoid some bad effects.

If a company temporarily can't manufacture something due to supply chain disruption, they could lose a lot of money and might need to borrow some. Getting by until things recover just got cheaper.

I'd guess there are probably similar issues for restaurants, the tourist industry, maybe construction?

But that assumes they're credit-worthy. It wouldn't help a company that can't borrow.


Somehow I don’t think the ability to borrow money 0.5% cheaper than yesterday is going to make a material difference to a lot of firms.


There seem to be economic ways to help curtail it though.

- sick pay for hourly employees for next year

- backstop airlines, event planning and travel businesses in some capacity

- offer Netflix rewards for vaccines, testing methods or other applicable things

- cover cost of insurance for massive testing


> cover cost of insurance for massive testing

how about just massive testing. no insurance necessary


If done well, that would prove that Medicare4All works. Cannot have that happen.


Trump isn't trying to stimulus away a virus. He couldn't possibly care less about COVID-19 unless he personally were to get infected.

He's just trying to stimulus himself a re-election.




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