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A comment on Millions of credit-card customers can’t pay their bills. Parent comment

Re:Millions of credit-card customers can’t pay their bills by bedhead on Saturday April 25, 2020 @03:05PM (#22980461)
But demand for restored furniture wouldn't have imploded without the lockdowns - it's all connected. The government lockdowns (among other things) have whipped people into such a frenzy that you're right, demand is collapsing on its own out of paranoia. I have numerous friends - intelligent people - who genuinely think this is the bubonic plague and if they get it, their whole family is like instantly dead.

This was all a major and obvious side effect from the sweeping lockdowns that few in government considered.

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Re:Millions of credit-card customers can’t pay their bills by mindslight on Saturday April 25, 2020 @07:50PM (#22982722)
You're basically complaining that the government helped knock consumers out of their usual state of detached cognitive dissonance.
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Re:Millions of credit-card customers can’t pay their bills by jessaustin on Saturday April 25, 2020 @03:11PM (#22980512)
...few in government considered.

This is a commonly-referenced trope, but it is seldom true. Even if those in government really were as dumb as they pretend, the lobbyists and spooks whose orders they follow are not. The normal economy has been destroyed and vast resources have been given to cronies of the Fed in order to produce the sort of nation we'll be suffering in the decade to come.

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Re:Millions of credit-card customers can’t pay their bills by MattGaiser on Saturday April 25, 2020 @03:52PM (#22980880)
I saw plenty of projections of what a lockdown would cost. Granted, I am tied to the financial sector, but I'm sure governments can get the same JP Morgan or Bank of Canada estimates I can.
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Re:Millions of credit-card customers can’t pay their bills by jessaustin on Saturday April 25, 2020 @04:48PM (#22981340)
They only need semi-plausible deniability. Just as they called a voice vote with straight faces, they'll be able to feign surprise at all the predictable results of that vote.
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