Friday, July 31, 2020

Disaster Don: US economy posts its worst drop on record

Mod: We're talking about a sudden and stark economic decline that makes Hoover's 'Great Depression' look like a minor cost adjustment. Trump is killing America.

US economy posts its worst drop on record (CNN Business link): The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.

Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting an end to the longest economic expansion in US history and wiping out five years of economic gains in just a few months. A recession is commonly defined as two consecutive quarters of declining gross domestic product — the broadest measure of the economy. Between January and March, GDP declined by an annualized rate of 5%.


But this is no ordinary recession. The combination of public health and economic crises is unprecedented, and numbers cannot fully convey the hardships millions of Americans are facing.

In April, more than 20 million American jobs vanished as businesses closed and most of the country was under stay-at-home orders. It was the biggest drop in jobs since record-keeping began more than 80 years ago. Claims for unemployment benefits skyrocketed and have still not recovered to pre-pandemic levels.

‘America’s Dying’: Russian Media Is Giddy at Chaos in the USA (The Daily Beast link): From the U.S. troop drawdown in Germany to Trump’s refusal to slam Russia over soldier bounties, Russian state media is jubilant over America acting in the Kremlin’s interests.

sierramadretattler.blogspot.com

38 comments:

  1. Overwhelmingly sad and angry at what one person has influenced over our country over the past 3.6 years. Pathetic that as a society we have let this happen. It's kinda like we all sat around amused but maybe for the first time in history we should have all taken to the streets in riots to remove this clown early on. Sad. Sad for us. Sad for our children. Sad this was all preventable. Sad that stupid people want to enjoy themselves at our expense and pretend to be good to us. How many meals could hungry children eat for the cost of Trump golfing during his presidency? We should write into the Constitution NO GOLFING while president, because No. 45 ruined it for his predecessors. One of so so so so so so many things. My head hurts.

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  2. Riddle me this: When you attack the vets of your own country then kiss the asses of our foreign enemies ... what are you?

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  3. Most of us in a normal state of mind understand how abhorrent this is... Trump does not, which is why he is who he is. He is immune to understanding or caring about others, let alone this giant nation built by generations of hard working citizens. in the big picture none of this really makes sense, other than to show we are more gullible that we thought, given what has happened to us.

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    1. Trump got this country in the best shape it's ever been in he said he inherited a mess that's a lie Obama even had a plan to take care of the pandemic and a pen what Trump do got rid of everything and when he looked at the plan he just threw it away he can't help us that was Obama's plan so he can't use that cuz it would have worked him Republicans rather come up with something that doesn't they are messing with my family and my children This Means War you don't go after my children

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    2. uh yeah bud, put a period in their somewhere!

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    3. 11:34 adderall I

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    4. Speed kills.

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  4. Lewis did not attend Pres. Bushes innaugration but Bush did come to Lewis' funeral. Eloquence comes in many forms.

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    1. Trump was specifically told to stay away from both Barbara Bush and John Lewis's funerals. Speaking of eloquence in one of its many forms. What kind of miserable scumbag do you have to be to get banned from funerals?

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    2. When trump kicks the blessed bucket, do you think any past Presidents will eulogize him? Or even attend his funeral?

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    3. They might go just to make sure he's dead.

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  5. Once you accept the fact that Trump is working for Putin everything he does makes sense.

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  6. LAPD bodycam video shows protester had hands up when officer shot him in head with less-lethal round or was it? Anything shot out of a weapon is DEADLY. https://ktla.com/news/local-news/lapd-bodycam-video-shows-protester-had-hands-up-when-officer-shot-him-in-head-with-less-lethal-round/

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  7. How Jared Kushner’s Secret Testing Plan “Went Poof Into Thin Air”

    This spring, a team working under the president's son-in-law produced a plan for an aggressive, coordinated national COVID-19 response that could have brought the pandemic under control. So why did the White House spike it in favor of a shambolic 50-state response?

    This summer has illustrated in devastating detail the human and economic cost of not launching a system of national testing, which most every other industrialized nation has done. South Korea serves as the gold standard, with innovative “phone booth” and drive-through testing sites, results that get returned within 24 hours, and supportive isolation for those who test positive, including food drop-offs.

    In the U.S., by contrast, cable news and front pages have been dominated by images of miles-long lines of cars in scorching Arizona and Texas heat, their drivers waiting hours for scarce diagnostic tests, and desperate Sunbelt mayors pleading in vain for federal help to expand testing capacity. In short, a “freaking debacle,” as one top public health expert put it.

    We are just weeks away from dangerous and controversial school reopenings and the looming fall flu season, which the aborted plan had accounted for as a critical deadline for establishing a national system for quickly identifying new outbreaks and hot spots.

    https://www.vanityfair.com/news/2020/07/how-jared-kushners-secret-testing-plan-went-poof-into-thin-air

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  8. Question of the day: How many (djt) supporters can you fit on (djt) pin head?
    New Yahoo News/YouGov poll: Most Trump voters say they will not accept the 2020 results if Biden wins because of mail-in ballots. https://news.yahoo.com/new-yahoo-news-you-gov-poll-most-trump-voters-say-they-will-not-accept-the-2020-results-if-biden-wins-because-of-mailin-ballots-143828759.html

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  9. The daughter of an Alabama sheriff condemned 'Blue Lives Matter' in a viral TikTok video.
    In the wake of George Floyd's death, Gabrielle Pettway made a TikTok video condemning 'Blue Lives Matter' rhetoric, calling the phrase "distasteful" and "racist."
    https://news.yahoo.com/daughter-alabama-sheriff-condemned-blue-170632275.html

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    1. Why do you never see snarling rednecks shouting "All Lives Matter" at cops holding "Blue Live Matter" signs?

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  10. Until you accept the fact that our President Trump is to date this nations finest President you will continue to be useful idiots of the Socialist left.

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    1. Warmed over McCarthyism from one of Putin's willing buttboys.

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    2. Until you accept the fact that Trump could care less if you and your family live or die you will continue to be a useful idiot to Russia and Trump's puppet master, Putin. The level of sheer ignorance that his base so proudly displays is astonishing. He has sent this country into a nose-dive and you're cheering him on...

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    3. Dear 12:06 imbecile fool
      I’d ask you for evidence to support your childish claim, but what’s the point since you’re a mindless troll.

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    4. Remember when Tea Party dopes used to tell you what patriots they are?

      What a sad joke that is now.

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    5. 12:06: Start looking in the mirror now, to practice a face which tries to hide embarassment so that you can have it ready to respond when you see the Dark side of your drump family....

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  11. Trump frequently accuses the far-left of inciting violence, yet right-wing extremists have killed 329 victims in the last 25 years, while antifa members haven't killed any, according to a new study. https://news.yahoo.com/trump-frequently-accuses-far-left-070112171.html

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  12. And the killings continue by bad cops,
    Ex-Houston officers indicted in wake of deadly drug raid,
    https://news.yahoo.com/ex-houston-officers-indicted-wake-165656163.html

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  13. Just following the Republican trend that's been going since the 80s. Don't lead, don't govern, just take care of your own agenda, or the agenda of those shoveling money at you, forget the voters, forget the constituents, forget America.

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  14. What do we call a 33% drop in GDP?

    The Trump Economic Disaster.

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    1. All trumpy has left to run on is his racism.

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    2. The problem Republicans have is that their belief that government is terrible becomes a self-fulfilling prophecy once they get elected

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  15. ‘It is terrifying to have a president who is psychotic’: Dr. Justin Frank explains why Trump hates anyone who is loved

    https://www.rawstory.com/2020/07/it-is-terrifying-to-have-a-president-who-is-psychotic-dr-justin-frank-explains-why-trump-hates-anyone-who-is-loved/

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  16. It was terrifying that this country was suckered into electing a Union Organizer because of his gift for gab.

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    1. It is terrifying that a corrupt developer was elected and screwed up so badly that 100s of thousands of Americans died of a painful disease that rotted out their lungs.

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    2. Yeah, I hated Reagan too...

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    3. Nice one 5:15! Idiot 3:16 couldn't even get right what his target organized.

      Funny how he left out Editor in Chief of Harvard Law Review, Harvard J.D. magna cum laude, ConLaw Sr Lecturer at U of Chicago, and State Senator, all things 3:16 no doubt surpassed in his little mind.

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  17. Trump Holds Mini-Rally in His New ‘Home State’ of Florida and Almost No One Showed Up

    https://www.politicalflare.com/2020/07/trump-holds-mini-rally-in-his-new-home-state-of-florida-and-almost-no-one-showed-up/

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  18. Did his morons expect anything else after the way he destroys every business he has ever touched. But I don’t think America as a country could file bankruptcy he will do everything he can to make that happen. Yes a country can file bankruptcy Greece did it 3 years ago so I guess that is the next thing we will have to go through.

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  19. The Feds left Portland - and the violence went WITH them.

    NOW, we know who the REAL anarchists are, don't we?

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  20. It is the same thing he does to all his businesses. He runs them into the ground and then he files bankruptcy, leaving millions in unpaid bills and his pockets filled with money. His plan is to do the same with America. You have to be dumb and blind not to see what is happening.

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