The Labor Department reported on Thursday morning that 870,000 unemployment claims were filed in the week ending September 19.
870,000 Jobless Claims Filed Last Week, Labor Department Reports
|
September 24, 2020 8:36 a.m.
Start your day with TPM.
Sign up for the Morning Memo newsletter
Have a tip? Send it Here!
Our economy is stalled because of the pathetic response to the pandemic. Owing to the lack of any real plan, we’re just drifting rudderless as a Nation, without a plan to face the challenge and use the rebuilding opportunity to improve ourselves.
There have been approximately 202,000 US covid-19 fatalities with estimates of 60% of them (120,000) due to the President’s dealing with the situation. Think about this. He and his administration are responsible for 120,000 deaths due to their decisions (or lack thereof). We need a front page banner everyday making this clear.
The chaos is only going together worse up to the election with more frantic and shrill threats from the President. Stay the course and vote in November.
So much winning.
I gotta tell you, looking at it from a retail perspective, I wish I could say how bad it was, but I’m cashing out sales that are hundreds of dollars per customer. I think I’ve seen two SNAP sales since I start three weeks ago. I know the numbers are bad (and I’m at Target because I should be one of them, but won’t file), but even with 22 million out, there are still hundreds of millions that are still working. Even in the 1930s depression, there were still a significant portion of people that were still working.
I’m not minimizing the unemployment situation (son in law is also still out, but working the farm). When the majority of people don’t see the impact of the UE situation, first hand, it’s only a matter of time before it has minimal impact on the election. This should be enormous and I know ‘it’s the economy, stupid’, but who’s it really bad for and how much of an influence will it have on the election?
Methinks there are bigger issues that are going to push this issue off the table entirely.
I’d be interested in knowing how many have used up all UI payments and can’t apply again for another six months. How are they counted because they are still unemployed but receiving squat? Will be interesting to know how credit usage has expanded, etc. Example: I have been given so grace on a couple of payments, interest still accumulates, and so forth. I was just reminded yesterday that payment will be due in full at the end of the present term as a balloon payment. So until I catch up with household income slashed by over 75% in 18 months wham. Also been notified/reminded by VA that co-payments will be due in full come January, again a balloon payment in the middle of the pandemic. Meanwhile, Congress, both Dems, and Repugs sit on their thumbs. Especially Repugs. They are all millionaires so why do they give a shit. Distraction, distraction lets all panic and get upset over a Supreme pick we can do zilch about.