Tuesday, March 24, 2020

Covid 19 and the devastation of Las Vegas economy

I never thought I would be back writing again on this page so soon.  It seems like we may be facing the once in a lifetime market collapse and the great recession twice in about 12 years.  I understand Covid 19 is very serious and can cause severe problems to some of those with the virus. but it feels like we are heading for a fall that could divide the country and ruin the economy.

Ruining the economy and see the stock market tank can be very differ things.  Most hard working people have nothing invested in the stock market and are not effected by the major swings of the market.  There everyday lives are more effected by the closing of their businesses or loss of their jobs.  Shutting down the economy may hurt the stock market and appear to be damaging in general but the real damage is being done on the local levels, such as Las Vegas, where jobs are being lost by the thousands.  This is why we need to get people back to work.  It has nothing to do with the stock market.  The majority of people that are effected by the stock market are not living off of tips or pay check to pay check.

Las Vegas employs thousands of people that make a good living in the service industry.  However, they don't make their living off of their hourly pay.  They rely on the tip money they get by providing good service to their customers.  Unemployment will not pay them anything near what they usually make each week.  And if the employer says they will pay them their hourly rate, they will make thousands of dollars less than if they were getting paid an average of their last few checks. 

The government promising to help the country with a stimulus package that seems again much more directed to the big banks and the large corporations with little help to the general public.  Congress has been fighting the past few days over what should be included in this unprecedented stimulus package but once again it fails to address the needs of the those working class citizens that are the back bone of the country.  They are doing more for the banks and larger companies.  The trickle down theory didn't work well at all during the housing crisis of 2008 and it will likely not work again.

The politics of this situation is clear and every one is trying to get their sounds bites on TV and work at getting re-elected.  The blatant lies that are coming from the Nevada legislature are clearly related what officials think is in their best interest.  They claim that want to save lives but they have construction of hotels and construction of the new football stadium going full tilt.  They have no regard for the health and safety of those workers.  They are still working 12 and 15 hour days in close quarters with hundreds of people that could have the corona virus. 

The governor has jumped on the band wagon to give the appearance that he actually cares for the citizens, but shutting down Las Vegas is just a power play to benefit the upper class.  The people who will not be suffering from not working for 30 days.  We are a few days a way from Marshall Law.  We lost a tremendous amount of freedom in 2008 when the banks took trillions of dollars and hoarded it for their benefit.  It was made clear that the big banks were more important than people losing their homes.  We don't even have the perception that we live in a free market economy.  The larger corporations and behemoth banks rule the world and congress is beholden to the money.  It is very clear on all levels,

How can they keep construction workers on the job daily while we have all the casinos, local businesses and restaurants on lock down?  It makes absolutely no sense to have thousands of construction workers mingling about daily in a place where the virus could be transmitted to 500 hundred people in a day. 

This is a tragedy and loss of life of anyone is the worst of all outcomes but this has turned into a partisan fiasco just like it did back in 2008.  They get the face time on Tv and they all jump on the band wagon and see the opportunity to try and shift the influence of power in congress by letting the economy collapse.  Panic does no good for anyone.  And the publishing of fear producing information is just another way to get compliance.  The pettiness of journalist and politicians always amazes me, even though it happens over and over again.  I think they all can't be that nefarious but time and time again the truth of their actions says that they are in this for personal gain. 

It is time to stop the panic and get realistic about keeping people safe as possible while getting them back to work.  I think most people are willing to take a chance to work and they are willing to take precautions necessary to keep people reasonably safe.

This is America.  This is a free country.  Our freedoms are being taken away little by little and we are turning into the very country we revolted against to get away from the excess control of the King and Queen.  if this continues there will be a revolution at some point.  As our freedoms continually get taken away and our lives ruled by selfish, self absorbed politicians the anger of the people will eventually turn to outrage.  I don't know how many more years it will take.  It could be 20 years or it could be 200 but if we continue along the same paths we are on today, the citizens will fight back at some point.  

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