Unemployment Rate Could Rival Great Depression’s

[floridafan]

The U.S. economy is experiencing the “biggest negative shock” it has likely ever seen, with the country’s unemployment rate approaching the level last seen during the Great Depression, an economic adviser to President Donald Trump said Sunday.

“Make no mistake, it’s a really grave situation,” White House senior adviser Kevin Hassett said on ABC’s “This Week” when asked about the current economic outlook and Trump’s hope for a sharp, V-shaped recovery.

“We’re going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression,” he said. “During the Great Recession, remember that was the financial crisis around 2008, that we lost 8.7 million jobs in the whole thing. Right now we’re losing that many jobs about every 10 days. So the lift, the economic lift for policymakers is an extraordinary one,” he said.

 

[Hawkeye10]

We are looking at collapse of the global economic system as well as collapse of the global political order as The New Chinese Empire takes advantage of the situation...

Very Dark Days Ahead!

 

[anatta]

Great Depression is a cakewalk compared to getting this economy up and running again.

I keep hearing "the fundamentals are sound" and they were, but we are in a situation where this has never been done before.
I think we are going to be screwed for a long time - i hope I am wrong.

GET STARTED NOW!! (May 1st)

 

[Cypress]

The U.S. economy is experiencing the “biggest negative shock” it has likely ever seen, with the country’s unemployment rate approaching the level last seen during the Great Depression, an economic adviser to President Donald Trump said Sunday.

“Make no mistake, it’s a really grave situation,” White House senior adviser Kevin Hassett said on ABC’s “This Week” when asked about the current economic outlook and Trump’s hope for a sharp, V-shaped recovery.

“We’re going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression,” he said. “During the Great Recession, remember that was the financial crisis around 2008, that we lost 8.7 million jobs in the whole thing. Right now we’re losing that many jobs about every 10 days. So the lift, the economic lift for policymakers is an extraordinary one,” he said.

It's unfortunate TrumpCo. did nor plan and prepare for this panedmic like South Korea did.

 

[floridafan]

Great Depression is a cakewalk compared to getting this economy up and running again.

I keep hearing "the fundamentals are sound" and they were, but we are in a situation where this has never been done before.
I think we are going to be screwed for a long time - i hope I am wrong.

GET STARTED NOW!! (May 1st)

This should be exactly what your president should be focused on, as opposed to injesting dangerous chemicals.

 

[Hawkeye10]

It's unfortunate TrumpCo. did nor plan and prepare for this panedmic like South Korea did.

America has for decades blown off pandemic prep....and you will if you think back recall how few of the "experts" were sounding the alarm. It would take five years of all hands on deck to get the medical system ready for a pandemic, to include bringing the supply chain back home...those who blame this all on Trump are some combination of ignorant and lair.

 

[floridafan]

America has for decades blown off pandemic prep....and you will if you think back recall how few of the "experts" were sounding the alarm. It would take five years of all hands on deck to get the medical system ready for a pandemic, to include bringing the supply chain back home...those who blame this all on Trump are some combination of ignorant and lair.

trump had 3 1/2 years to do something, he did almost nothing. The buck stops with him!

 

[anatta]

This should be exactly what your president should be focused on, as opposed to injesting dangerous chemicals.

he is focused on that. if you weren't such a brain dead partisan who doesn't pay attention
you'd understand the "phase in"concept the WH guidelines/

Trump is heavy into business details - but that still doesn't make this any less difficult

 

[Hawkeye10]

Great Depression is a cakewalk compared to getting this economy up and running again.

I keep hearing "the fundamentals are sound" and they were, but we are in a situation where this has never been done before.
I think we are going to be screwed for a long time - i hope I am wrong.

GET STARTED NOW!! (May 1st)

You are not wrong...not only is the job a hard one but this nation is fractured, and the quality of work that we have been getting from the Elites has long sucked ass.

VERY DARK DAYS AHEAD

 

[floridafan]

he is focused on that. if you weren't such a brain dead partisan who doesn't pay attention
you'd understand the "phase in"concept the WH guidelines/

Trump is heavy into business details - but that still doesn't make this any less difficult

Maybe you can explain exactly what he is doing. I see nothing other than the small bit by Congress.

 

[Hawkeye10]

trump had 3 1/2 years to do something, he did almost nothing. The buck stops with him!

No, he is only one man....and there is the matter of "NOT MY PRESIDENT!".
"
".

 

[floridafan]

No, he is only one man....and there is the matter of "NOT MY PRESIDENT!".
"
".

He has an administration, which should have done something other than to eliminate the pandemic response team.

 

[Hawkeye10]

Trump is barely in control of the White House much less the administration, because of the so-called resistance....which when conducted by public servants is sedition....Get Real.

 

[Jack]

The Worker Drones should be sent back into the fray.
Issue Red Wrist Bands to the Trumptonians. Send them in first. There must be some kind of Sacrifice to save the Ownership Class from this Tragedy!

 

[floridafan]

Trump is barely in control of the White House much less the administration, because of the so-called resistance....which when conducted by public servants is sedition....Get Real.

trump has selected each and every person who serves in the WH, and in his administration. Your excuses suck!

 

[Sailor]

The Worker Drones should be sent back into the fray.
Issue Red Wrist Bands to the Trumptonians. Send them in first. There must be some kind of Sacrifice to save the Ownership Class from this Tragedy!

What you call "Trumptonians" are already still working. They never stopped. Someone has to pay all these bills.

 

[Hawkeye10]

trump has selected each and every person who serves in the WH, and in his administration. Your excuses suck!

That is not how it works.

Your understanding sucks.

 

[floridafan]

That is not how it works.

Your understanding sucks.

Tell me exactly how it works! I want to hear this

 

[floridafan]

Still waiting

 

[signalmankenneth]