- b.c.,
9 of the last 10 recessions occurred under a Republican administration
https://www.dailykos.com/stories/20...s-with-worst-quarterly-GDP-drop-ever-recorded
U.S. economy collapses with worst quarterly GDP drop EVER...
https://www.dailykos.com/stories/20...s-with-worst-quarterly-GDP-drop-ever-recorded
U.S. economy collapses with worst quarterly GDP drop EVER...
The Trump administration has set yet another record. As result of the still-runaway COVID-19 pandemic and continued lack of response, the United States saw its worst GDP drop ever recorded. The U.S. GDP declined by a staggering 32.9% annual rate in the period from April to June.
That is the sharpest drop ever recorded. It’s sharper than the economic collapses of the Great Depression.
This is one record that Donald Trump and allies can genuinely claim for themselves.
Other nations are also experiencing steep economic declines due to pandemic measures, but have also begun to bounce back as social distancing measures, widespread testing, and robust contract tracing reduces pandemic outbreaks to smaller, more manageable levels.
Those same testing and contract tracing measures were discarded by the Trump administration after early management failures. The ongoing dismissal of social distancing measures as a supposed partisan ploy and Trump's demonization of mandatory measures have left the United States in a worse position to contain outbreaks than it was in March or April.
The economy shrank at a record pace this spring.
.
That is the sharpest drop ever recorded. It’s sharper than the economic collapses of the Great Depression.
This is one record that Donald Trump and allies can genuinely claim for themselves.
Other nations are also experiencing steep economic declines due to pandemic measures, but have also begun to bounce back as social distancing measures, widespread testing, and robust contract tracing reduces pandemic outbreaks to smaller, more manageable levels.
Those same testing and contract tracing measures were discarded by the Trump administration after early management failures. The ongoing dismissal of social distancing measures as a supposed partisan ploy and Trump's demonization of mandatory measures have left the United States in a worse position to contain outbreaks than it was in March or April.
The economy shrank at a record pace this spring.
.