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If we’re keeping score...
Posted by: pdq
Date: July 30, 2020 09:17AM
There’s this:


This is modified from an NYT graphic, based on data released today. I added the black labels and arrows, the right-hand one of which is (inadvertently) ever so slightly tilted, I realize, which I don’t think has a significant effect on the conclusion. And yes, there will be a bounce back next quarter, but despite unprecedented emergency Fed action and unprecedented deficit spending, the consensus is that it will take GDP years to recover to its previous trend line.

But Trump didn’t cause Coronavirus. No, he just mismanaged and mangled the national response to such a degree that the country with the best (or most expensive) health care system in the world is the massive outlier, leading every other country in pandemic cases and deaths by a mile.

Obama was supposed to be a disaster for the economy. Biden is supposed to be a disaster for the economy. Trump was going to supercharge our economy and make it take off like a rocket ship.

This rocket ship has exploded on the pad.
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Re: If we’re keeping score...
Posted by: sekker
Date: July 30, 2020 09:30AM
20% of the country's workers are on unemployment benefits, and the supplement just ended.

We are looking at a cliff where, just from ending the $600/week bonus, an additional 5M people will lose their jobs due to the loss of spending of said $600.

Add-in all of the soon-to-be homeless, the potential to repeat the photos from the 1930s does not seem like a sci fi movie anymore.
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Re: If we’re keeping score...
Posted by: Lux Interior
Date: July 30, 2020 09:33AM
Relax. The increased spending on deductible meals will pull us out!
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Re: If we’re keeping score...
Posted by: Rolando
Date: July 30, 2020 10:10AM
Thanks Obama!!!



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"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)

"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981

"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
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Re: If we’re keeping score...
Posted by: S. Pupp
Date: July 30, 2020 10:19AM
Quote
pdq
But Trump didn’t cause Coronavirus. No, he just mismanaged and mangled the national response to such a degree that the country with the best (or most expensive) health care system in the world is the massive outlier, leading every other country in pandemic cases and deaths by a mile.

Obama was supposed to be a disaster for the economy. Biden is supposed to be a disaster for the economy. Trump was going to supercharge our economy and make it take off like a rocket ship.

But...her emails!
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Re: If we’re keeping score...
Posted by: Sam3
Date: July 31, 2020 04:28AM
Quote
pdq

Obama was supposed to be a disaster for the economy. Biden is supposed to be a disaster for the economy. Trump was going to supercharge our economy and make it take off like a rocket ship.

This rocket ship has exploded on the pad.

Biden and the Democrats will have a hard time getting reelected in 2024, because of the mess that Trump will be leaving. Biden will get stuck cleaning this up, and I'm not sure that in 4 years he'll be able to get the economy going to where it needs to be. Plus, the right wing will constantly be harassing him as a do-nothing President who is sinking the economy.

Nicky Haley 2024!!! smiley-gen013









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