Playstation Tablet 1,725 Posted July 30, 2020 Share Posted July 30, 2020 WSJ: U.S. Economy Contracts at Record 32.9% Wtf Link to post Share on other sites
Teh_Diplomat 2,054 Posted July 30, 2020 Share Posted July 30, 2020 (edited) US economy suffers worst quarter since the second world war as GDP shrinks by 32.9% https://www.theguardian.com/business/2020/jul/30/us-gdp-economy-worst-quarter-covid-19-unemployment Quote The US economy shrank by an annual rate of 32.9% between April and June, its sharpest contraction since the second world war, government figures revealed on Thursday, as more signs emerged of the coronavirus pandemic’s heavy toll on the country’s economy. The record-setting quarterly fall in economic growth compared to the same time last year came as another 1.43 million Americans filed for unemployment benefits last week, a second week of rises after a four-month decline. Quote The rise in unemployment comes as Congress is at loggerheads about how to implement a new round of financial support for those who have lost their jobs in the shutdown. The US initially pledged to pay people laid off by the pandemic an extra $600 in benefits a week but that extra payment expires on Friday and its replacement has yet to be finalized. Some 20 million American’s qualified for the extra payments and the payments now account for 15% of the entire nation’s wages. Edited July 30, 2020 by Teh_Diplomat Link to post Share on other sites
Ike★ 2,906 Posted July 30, 2020 Share Posted July 30, 2020 This isn't good, at all. Meanwhile, Jeff Bezos increased his wealth by $50 BILLION over the last 5 months. Link to post Share on other sites
Teh_Diplomat 2,054 Posted July 30, 2020 Share Posted July 30, 2020 (edited) 1 hour ago, Ike said: This isn't good, at all. Meanwhile, Jeff Bezos increased his wealth by $50 BILLION over the last 5 months. Already made the money back he paid his ex-wife for that divorce. Edited July 30, 2020 by Teh_Diplomat Link to post Share on other sites
Spicalicious 128 Posted July 30, 2020 Share Posted July 30, 2020 Thanks Trump Link to post Share on other sites
Ike★ 2,906 Posted July 30, 2020 Share Posted July 30, 2020 31 minutes ago, Teh_Diplomat said: Already made the money back he paid his ex-wife for that divorce. That's a ludicrous amount of money, like it's insane and more than any person can expect to spend. Why does a person need that much wealth? Link to post Share on other sites
Substatic 421 Posted July 30, 2020 Share Posted July 30, 2020 Another GOP recession. 1 Link to post Share on other sites
Ike★ 2,906 Posted July 30, 2020 Share Posted July 30, 2020 1 hour ago, Substatic said: Another GOP recession. This has a chance to be a depression. Link to post Share on other sites
Ike★ 2,906 Posted July 30, 2020 Share Posted July 30, 2020 “The depth of economic devastation our nation is experiencing is not an act of God, it’s a failure of presidential leadership,” the presumptive Democratic nominee for president said in a statement released by his campaign. “Had President Trump taken immediate and decisive action, tens of thousands of lives and millions of jobs would never have been lost.” Came out swinging. This whole campaign for Biden is like a 5 foot putt. Link to post Share on other sites
Teh_Diplomat 2,054 Posted July 30, 2020 Share Posted July 30, 2020 1 hour ago, Ike said: “The depth of economic devastation our nation is experiencing is not an act of God, it’s a failure of presidential leadership,” the presumptive Democratic nominee for president said in a statement released by his campaign. “Had President Trump taken immediate and decisive action, tens of thousands of lives and millions of jobs would never have been lost.” Came out swinging. This whole campaign for Biden is like a 5 foot putt. Might want to re-think that analogy; we all know that Trump cheats at golf. Link to post Share on other sites
Teh_Diplomat 2,054 Posted July 31, 2020 Share Posted July 31, 2020 Wow. Link to post Share on other sites
jehurey 3,230 Posted July 31, 2020 Share Posted July 31, 2020 why do you think he tweeted about delaying the election? he's desperately wanting to take attention away from his massive economic failure. its truly unbelievable.............this is vintage Republicanism. they tried to go cheap and half-ass on the SOCIAL ISSUE (the pandemic) because they care more about the economy. But half-assing the social issue is what is going to cause the economy to completely crumble. This is why you would rather OVERPAY to handle a social issue, because it costs you more if you don't. Link to post Share on other sites
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