From PPP to PLOP – the new 'Payroll Lay Off Phase' is here - Business Insider

We have now entered the post-PPP Payroll Lay Off Phase of the COVID-19 Pandemic Recession of 2020 in the United States.

I dimensioned the likely divisions between monies paid to working and non-working recipients of payrolls inBut in summary, many of the businesses kept alive by the eight weeks of payroll and other operating expenses furnished via the PPP, have now pretty much exhausted those funds – and many, of the 4.9 million borrowers under the program may not be viable as ongoing enterprises.

by the Department of Labor this past Thursday showed a seasonally-adjusted, still-eye-wiping level of 1.314 million claims . Over the past four weeks, initial claims have averaged 1.437 million. And total claims since the beginning of the Pandemic Recession of 2020 now total nearly 50 million .recorded history of the data

. A recession that will – with absolute certainty – be deeper than that of the Great Recession. The only questions are whether thisRecession will last longer than its predecessor and whether it will turn into an outright economic depression.

DanielAlpert Real simple. Open the freaking country.

DanielAlpert Without a federal science-based plan to address the pandemic, there is nothing that will help the economy. Just about every other functioning country has it together...we got left behind.

DanielAlpert Negative. The government has needed to step OUT for a very long time. We already have a central planning system with the bank. We don't need more government aid but we DO need the Fed to STOP increasing the wealth gap and racial inequality with their incessant currency printing

DanielAlpert

DanielAlpert And the way you do that is to give Americans $2,000 a month to spend so that average Americans are saved and the money they spend out saves the businesses. If you give it to the businesses they'll just put it into bonuses and stock BuyBacks and people will still lose their jobs

DanielAlpert GreatDistression. It's more than a depression we are facing an existential crises because of inequality and climate change.

DanielAlpert Everybody I know in Trump country believes they can pray away the economic downturn!

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