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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat the f**k do we call a 33% drop in GDP?
Richard Lionheart @LionheartNYC 4h
A 1% drop in GDP is a recession. We called a 6.5% drop in GDP "The Great Recession". In 1929, we called a 15% drop in GDP "The Great Depression". What the fuck do we call a 33% drop in GDP?
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don't be distracted... state of economy decides elections.
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bluedye33139
(1,474 posts)It's very descriptive.
soothsayer
(38,601 posts)bigtree
(86,024 posts)...nice.
lagomorph777
(30,613 posts)Perfect. I'll promote it here.
uponit7771
(90,378 posts)... for him but that guy is fugly
leftyladyfrommo
(18,874 posts)smirkymonkey
(63,221 posts)He is absolutlely fucking hideous! Honestly, he is the most repulsive looking person I have ever seen in my entire life.
Poiuyt
(18,135 posts)uponit7771
(90,378 posts)Chainfire
(17,757 posts)unc70
(6,130 posts)MANative
(4,113 posts)NRaleighLiberal
(60,040 posts)RockRaven
(15,103 posts)That's the bottom line: this was almost entirely avoidable.
gohuskies
(1,159 posts)All of this is on the Orange Maggots watch.
LiberalArkie
(15,739 posts)They are all partying up in the Hamptons.
Pachamama
(16,888 posts)They are as you described partying in the Hamptons.....
Quixote1818
(29,036 posts)dutch777
(3,062 posts)And it is not only an economic and a lost jobs issue, it is depression in the mental health sense. Is anyone really happy and not stressed by this situation with the disease, the economy, job loss, limitations of personal freedom and so many lost opportunities and missed experiences? And all compounded by the lack of empathy and meaningful leadership at the Federal level. The needless deaths and illness from Covid are tragic, but the impact to society goes far beyond the families of the victims. Increasingly, we are all becoming victims and the consequences will linger long beyond when we finally get the disease under control.
TeamPooka
(24,308 posts)Dave in VA
(2,044 posts)on the rectum of life?
ProfessorGAC
(65,466 posts)Trumponomics?
Bankrupcomonmics?
Any will fit.
unblock
(52,511 posts)gibraltar72
(7,520 posts)tinrobot
(10,927 posts)Docreed2003
(16,906 posts)We all see what is happening, many of us are directly feeling the implications of it, they cannon gaslight is and tell us everything is roses. We cannot allow them to continue to destroy our economy and our government. WE MUST VOTE!
brooklynite
(95,060 posts)What about the 67% that DIDN'T drop?
Voltaire2
(13,289 posts)Hortensis
(58,785 posts)It represents millions in severe economic difficulties, many suddenly facing destitution who never thought it could happen to them. After all, $600 a week doesn't allow keeping up with the bills when normal "middle class" living on the median two-earner income (59K-89K by race) cuts pretty close to the edge.
Saw one report that 73% of Americans say they didn't have savings to cover 3 months' expenses, but it didn't mention how many were cleaned out after 1 month.
Laelth
(32,017 posts)-Laelth
keithbvadu2
(37,061 posts)Call it? - The Trump economy.
cojoel
(959 posts)taken to its extreme conclusion
Efilroft Sul
(3,586 posts)yardwork
(61,813 posts)Were going to win. Were going to win so much, youre going to be so sick and tired of winning, youre going to come to me and go Please, please, we cant win anymore. Youll say Please, Mr. President, we beg you sir, we dont want to win anymore. Its too much.' And Im going to say Im sorry, but were going to keep winning, winning, winning.'
Igel
(35,393 posts)You need economic downturn of sufficient length for it to be a depression. 3-4 months isn't "sufficient length."
Vogon_Glory
(9,138 posts)MoonlitKnight
(1,584 posts)$3-5 trillion from Congress.
$7-10 from the Fed.
Imagine the decline without that.
mercuryblues
(14,564 posts)Kid Berwyn
(15,085 posts)Thats what the smart money did, early and often too.
LuckyCharms
(17,479 posts)Calculating
(2,957 posts)We're witnessing the biggest disconnect between the stock market and the actual economy ever seen.
cagefreesoylentgreen
(838 posts)A term coined by author Liu Cixin to describe something many magnitudes greater than a Great Depression.