MAGA: US economy contracted by worst-ever 32.9% in Q2

Discussion in 'Politics' started by exGOPer, Jul 30, 2020.

  1. exGOPer

    exGOPer

    Dotard trying to distract from the worst ever economic record for a Potus with his delay the election BS.

    Here were the main metrics from the Bureau of Economic Analysis’ (BEA) advance Q2 GDP report, compared to consensus estimates compiled by Bloomberg:

    • Q2 GDP annualized, quarter over quarter: -32.9% vs. -34.5% expected vs. -5.0% in Q1

    • Q2 Personal consumption: -34.6% vs. -34.5% expected vs. -6.8% in Q1

    • Core Personal consumption expenditures, quarter over quarter: -1.1% vs. -0.9% expected vs. 1.7% in Q1



     
  2. exGOPer

    exGOPer

    New York Times: “The collapse was unprecedented in its speed and breathtaking in its severity. The only possible comparisons in modern American history came during the Great Depression and the demobilization after World War II, both of which occurred before the advent of modern economic statistics.”
     
  3. LacesOut

    LacesOut

    Good job Libtards!
    Keep your masks over your stupid fucking faces and keep rioting in the streets!
     
  4. exGOPer

    exGOPer



    Abbott is a libtard?

    Dumb inbred Con has lost his mind, go drink some demon sperm.
     
  5. LacesOut

    LacesOut

    You stupid fucking Libtard...
    compulsory mask wearing is not the reason why the economy went downhill..
    it's because Libtard morons shut down their economies...
    and allow rioting in the streets...

    STUPID fucking libtards...You cheer the demise of the economy. YOU LOVE IT...
    Chinese pandemic has been your only potential way to get rid of Trumpy..
    and it might not even work..

    FUCKING MORONS...
     
    smallfil likes this.
  6. Ricter

    Ricter

    Capital contraction, boom.

    Labor contraction, BOOM.
     
  7. Cuddles

    Cuddles

    NASDAQ green though
     
  8. exGOPer

    exGOPer

    I don't want to quote the whole list of states that issued full or partial shutdowns but let's start alphabetically.

    ALABAMA

    https://www.washingtonpost.com/graphics/2020/national/states-reopening-coronavirus-map/

    On April 28, the governor issued a safer-at-home order beginning April 30. The order allowed many businesses to reopen, provided physical distancing and sanitation rules were followed. Beaches could reopen, but people must maintain six feet of distance, and gatherings of more than 10 people are not allowed. Restaurants and bars were still limited to takeout, curbside pickup or delivery under the order. Retail stores could reopen at 50 percent capacity.

    Now explain to me how Kay Ellen Ivey , a REPUBLICAN in ALABAMA is a LIBTARD.
     
    Last edited: Jul 30, 2020
  9. Dr. Love

    Dr. Love

    The OP once again showing high levels of TDS in the brain. TDS makes people stupid.

     
    smallfil likes this.
  10. smallfil

    smallfil

    Congratulations, Democrat Governors have succeeded in shutting down their states economies and cause millions of job losses and businesses closing. Now, these same idiot Democrat Governors now want US taxpayers to bail their states out? Hell, no. Let them raise taxes on their extreme liberal Democrat voters. Call that karma. Wait for it on November 4, 2020, these same idiot Democrat Governors will tell us the Corona Virus threat is gone and now free to open up their economies. There would be no need for this charade of theirs. However, the job losses in the millions and businesses going under are all real.
     
    #10     Jul 30, 2020