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Originally Posted by tw
(Post 1054311)
Britain's GDP has suffered the worst downturn for all European countries. Which makes sense when one was listening to professionals. Britain has a worst decline at almost 12% followed by less downturns in France, Italy, and Spain. Germany, that took actions based in science, has only suffered a 7% downturn. Other nations that made decisions from facts also suffered much less economic harm include Portugal and Norway, Countries that suffered the most Covid-19 deaths, due to inaction, are now suffering the greatest economic downturns.
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Trump repeatedly denied Covid-19. Did everything he could to avoid a shutdown (necessary to stop Covid-19 spreading). Obstructed even testing. Encouraged Americans to spread the virus by not wearing masks. Since he only wants to be reelected - and has a 30 second attention span.
Results of his lying arrived today in economic data. American economy has never suffered a worse economic downturn - ever. A -9.5% GDP downturn this quarter (April to June). Even after May and June saw a strong upturn. An annual rate of -32.9%. Three times larger than any other American economic downturn. A downturn that appears in most every economic sector - also unpresidented. A number that is expected to become worse in a third quarter as a second wave of this Trump virus gets worse.
Economies that do shutdown, to stop a spreading virus, suffer least economic harm. But that is too hard for someone whose attention span is only 30 seconds, is openly supported by people who only want to 'wreck shit', and whose only purpose in life is to advance himself at the expense of all others (also called a narcissistic personality disorder).
From the NY Times: [quote}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. ...
It was the 19th straight week that the tally exceeded one million, an unheard-of figure before the coronavirus pandemic. And it was the second weekly increase in a row after nearly four months of declines, a sign of how the rebound in cases has undercut the economy’s nascent recovery. Claims for the previous week totaled 1.42 million. ...
What’s more, fears are growing that after rebounding strongly in May and June, the economy has run out of steam, with many states reversing the reopening of businesses.[/quote]
Nations that address the problem up front when it was obvious (January, February, March) do not have such massive economic damage and job losses.
Quote:
Originally Posted by tw
(Post 1048355)
Early science suggest it will still be problem into August.
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That number then was shocking and widely denied. Today, consider a problem continuing until January 2021.
Trump will do anything to promote himself. He now want to suspend November elections using the excuse that election fraud is now widespread. Lying. Calling it
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With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???.
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