Precisely what all the Wuhan restrictions are designed to do. Destroy the economy, remove President Trump.
ZitatThe US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.
Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting an end to the longest economic expansion in US history.
But this is no ordinary recession. The combination of public health and economic crises is unprecedented, and numbers cannot fully convey the hardships millions of Americans are facing.
In April, more than 20 million American jobs vanished as businesses closed and most of the country was under stay-at-home orders. It was the biggest drop in jobs since record-keeping began more than 80 years ago. Claims for unemployment benefits skyrocketed and have still not recovered to pre-pandemic levels.
While the labor market has been rebounding since states began to reopen, bringing millions back to work, the country is still down nearly 15 million jobs since February. Next week's July jobs report is expected to show another 2.3 million jobs added. That would bring the unemployment rate down to 10.3% — still higher than during the worst period of the financial crisis.
Consumer spending, the biggest driver of the US economy, declined at an annual rate of 34.6% — by far the sharpest decline on record.
This report is from CNN so it may be overstated, but there is no question the economy has been adversely impacted, and, glory be, just in time for the coming election. What an amazing coincidence.
If masks work, why don't we just give prisoners masks instead of releasing them?