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Started By
Message
Covid and the shutdown shrunk the economy 33% last QTR. And it will be years recovering.
Posted on 7/31/20 at 6:32 pm
Posted on 7/31/20 at 6:32 pm
This was by far the worst drop in economic activity since the government started keep records just after WWII. The previous largest drop was 10% in a qtr in 1958. Never is a long time but it may never completely get back to where Trump had it. There is some serious pain coming. This unmitigated disaster will be far worse than Covid-19.
22
Posted on 7/31/20 at 6:33 pm to jimdog
No it didn’t
Posted on 7/31/20 at 6:33 pm to jimdog
Congrats to China and Democrats
Posted on 7/31/20 at 6:34 pm to jimdog
It will take a matter of months.
Posted on 7/31/20 at 6:38 pm to jimdog
Dipshit it wasn’t even close to that although nearly 10% for the period is good either . It’s what you get when a media driven tactic added to a scare tactic of dims attached to a health issue . Drop the HCQ pill and let the economy soar again
Posted on 7/31/20 at 6:40 pm to jimdog
Too much CNN
Posted on 7/31/20 at 6:51 pm to Nosevens
frick you simple minded turd. If you disagree with AP (and I often do) then say so and state your case. Or maybe they are in error. In any event you likely need a good, solid arse whipping.
Posted on 7/31/20 at 6:52 pm to jimdog
9.5%
Posted on 7/31/20 at 6:55 pm to narddogg81
As an annualized rate it was exactly 32.9%. Too many responsible parties are reporting it for it to be an error.
Posted on 7/31/20 at 6:56 pm to jimdog
No it didnt and no it wont
Posted on 7/31/20 at 7:12 pm to jimdog
quote:
Never is a long time but it may never completely get back to where Trump had it.
You said the same thing about the stock market, chicken little.
Posted on 7/31/20 at 7:14 pm to jimdog
Why not do a short, hard lockdown like most 1st world countries did and we’d be back on the road to recovery now?
Oh, I forgot we have a nutjob as president surrounded by other nutjobs.
Oh, I forgot we have a nutjob as president surrounded by other nutjobs.
Posted on 7/31/20 at 7:16 pm to TejasHorn
quote:
Why not do a short, hard lockdown like most 1st world countries did and we’d be back on the road to recovery now?
Like Australia?
Oh wait
Posted on 7/31/20 at 7:35 pm to jimdog
It shrunk 9% dumbass. Go find another cnn talking point and then come back with better information
Posted on 7/31/20 at 7:37 pm to TejasHorn
We tried that. Better idea was accepting that this virus, like the common flu virus is here and a part of our daily lives now and in the future. And like the flu about everyone is going to have it. And the only guaranteed protection is immunity. Therefore the smart thing would have been to use precaution and by now everyone knows what those things are. While getting after developing a vaccine. And keep on trucking with as little disruption as possible and keep the economy strong. Shutting down will kill and destroy by many times over the deaths and destroyed lives that this virus will cause.
Oh and this is a big country and what is prudent in the far northwest is not necessarily wise in Florida. USE judgement and keep the economy going. It wasn't rocket science.
Oh and this is a big country and what is prudent in the far northwest is not necessarily wise in Florida. USE judgement and keep the economy going. It wasn't rocket science.
Posted on 7/31/20 at 7:40 pm to jimdog
You fell for it just like Dan Bongino said people like you would. NBC’s report left off the word “annualized”...almost 33% annualized. 9+% for the quarter.
Posted on 7/31/20 at 7:41 pm to jimdog
This crap is surreal. None of this had to happen and there are too many retards out there now who have been brainwashed into believing this is the Black Death Part 2.
Posted on 7/31/20 at 7:44 pm to Mrtommorrow1987
The freaking WHITE HOUSE is agreeing with the number birdbrain. Yes that WH.
Posted on 7/31/20 at 8:01 pm to PanhandleTigah
OK. So 33% annualized only means that if we stay on roughly this track in 9 months our economy will only be 67% of what it was March 31st. Man, that's a relief.
Meanwhile we're destroying key components of our under carriage as a nation. Throwing $3 B. programs around like they were nothing. Our greatest strength is/was our economic power.
Meanwhile we're destroying key components of our under carriage as a nation. Throwing $3 B. programs around like they were nothing. Our greatest strength is/was our economic power.
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