SaysWho? Posted July 30, 2020 Share Posted July 30, 2020 https://www.nbcnews.com/business/economy/economy-reverse-initial-jobless-claims-rise-second-week-gdp-falls-n1235262 Quote Although economic activity did pick back up in May, a spike in coronavirus cases in the sunbelt states has generated a new round of shutdowns, throwing many more Americans out of work. Federal Reserve Chairman Jerome Powell has repeatedly warned of a sluggish economic recovery if millions of workers cannot return to their previous jobs and need to retrain or learn new skills. “It looks like the data are pointing to a slowing in the pace of the recovery,” he said in a press conference on Wednesday, after the Fed's monetary policy meeting. Already, millions of Americans are struggling to put food on the table. According to the Census Bureau's weekly household survey, released on Wednesday, around 24 million Americans said they had “sometimes not enough to eat,” with 5.4 million saying they had "often" had not enough to eat. Quote Furthermore, the additional $600 per week in benefits set aside as part of the CARES Act for out-of-work Americans expires at the end of the month. Quote "Powell is willing to do more but is limited, and needs Congress to step up to the plate," Swonk said Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2020 Share Posted July 30, 2020 Time to open up! Virus is over! Cut unemployment benefits they're helping people too much, keeping them at home when they should be risking the the lives of themselves and their family for a dead-end low wage job! Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted July 30, 2020 Share Posted July 30, 2020 That's what happens when you mix a worldwide pandemic with one of the worst presidents in our history. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2020 Share Posted July 30, 2020 21 minutes ago, thewhyteboar said: That's what happens when you mix a worldwide pandemic with one of the worst presidents in our history. The only thing keeping him from being as bad as Reagan or GWB is body count and time in office. But he's working on that! Though no one will be able to top Reagan Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 30, 2020 Share Posted July 30, 2020 Note: this actually beat expectations that were predicting a 40% or greater decline. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted July 30, 2020 Share Posted July 30, 2020 4 minutes ago, b_m_b_m_b_m said: The only thing keeping him from being as bad as Reagan or GWB is body count and time in office. But he's working on that! Though no one will be able to top Reagan What about James Buchanan? Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2020 Share Posted July 30, 2020 Talking about post reconstruction presidents. Buchanan and Johnson (Andrew, not Lyndon Baines) are also terrible, but we can see the reach of their failures. The legacy of Reagan lives on today, and I consider major problems now a bigger issue than historical because we don't know exactly where this crazy train is going (and, you know, I live in this reality) Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted July 30, 2020 Share Posted July 30, 2020 5 minutes ago, b_m_b_m_b_m said: Talking about post reconstruction presidents. Buchanan and Johnson (Andrew, not Lyndon Baines) are also terrible, but we can see the reach of their failures. The legacy of Reagan lives on today, and I consider major problems now a bigger issue than historical because we don't know exactly where this crazy train is going (and, you know, I live in this reality) That makes sense. Plus, Trump hasn't started a Civil War. ...Yet. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted July 30, 2020 Share Posted July 30, 2020 1 minute ago, marioandsonic said: That makes sense. Plus, Trump hasn't started a Civil War. ...Yet. I just want to say IB4 a four way Kaiserreich civil war. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted July 30, 2020 Author Share Posted July 30, 2020 19 minutes ago, Emperor Diocletian II said: Note: this actually beat expectations that were predicting a 40% or greater decline. From CNBC: "Economists surveyed by Dow Jones had been looking for a drop of 34.7%" Were there a handful of predictions? I guess it's easy to beat if you're getting a Cat 5 hurricane instead of The Day After Tomorrow. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 30, 2020 Share Posted July 30, 2020 Just now, SaysWho? said: From CNBC: "Economists surveyed by Dow Jones had been looking for a drop of 34.7%" Were there a handful of predictions? I guess it's easy to beat if you're getting a Cat 5 hurricane instead of The Day After Tomorrow. Morgan Stanley and Goldman Sachs were two of those who were predicting -40%. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 30, 2020 Share Posted July 30, 2020 9 minutes ago, marioandsonic said: That makes sense. Plus, Trump hasn't started a Civil War. ...Yet. The "Civil War" never ended. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted July 30, 2020 Share Posted July 30, 2020 This almost certainly triggered his delay the election tweet, and by safely vote he meant "when the economy gets better so I have a chance!" Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2020 Share Posted July 30, 2020 7 minutes ago, Emperor Diocletian II said: The "Civil War" never ended. Ending slavery and giving rights to Black Americans were unforgivable sins in the eyes of conservatives Quote Link to comment Share on other sites More sharing options...
Firewithin Posted July 30, 2020 Share Posted July 30, 2020 we can go farther!! Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted July 30, 2020 Author Share Posted July 30, 2020 1 hour ago, b_m_b_m_b_m said: Time to open up! Virus is over! Cut unemployment benefits they're helping people too much, keeping them at home when they should be risking the the lives of themselves and their family for a dead-end low wage job! Truth. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2020 Share Posted July 30, 2020 Quote Link to comment Share on other sites More sharing options...
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