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U.S. economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recover

bongsaway said:
You sir are barking up the wrong tree. Mismanagement starts at the top and works its way down. If we had just given people two grand a month and told everyone to stay inside we could have avoided a lot of this disaster but no. The gop and their love of the dollar just couldn't let that happen so now with our slipshod way of addressing this virus we are screwed. One hundred fifty thousand dead and counting.
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Can you link me to that post of yours (or any one else for that matter) that suggested such a policy back then? Congressional democrats wrote the $2.2 trillion spending bill. Where was that proposal. Oh thats right, it didnt exist.

Stop spreading your bull ****.

What republicans, independents, libertarians or any others do you suppose sent their checks back? We didn't close down enough and then we opened too soon and now it's time to pay the piper. In the end it will cost us way more than if folks just stayed home.
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And had we done that, the economy would have collapsed by far more than the 33% you are whining about now. Face it, you would complain no matter what direction we went so your opinion isnt worth a crap.
 
Parrish said:
:lol:
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??? The economic collapse in the 2nd quarter was due to the fact that governors from both parties across the country ordered all non-essential businesses closed. You can agree or disagree with that policy but you cant disagree that that policy was the cause of the economic collapse. You laughing simply shows you dont know wtf you are talking about.
 
Fletch said:
??? The economic collapse in the 2nd quarter was due to the fact that governors from both parties across the country ordered all non-essential businesses closed. You can agree or disagree with that policy but you cant disagree that that policy was the cause of the economic collapse. You laughing simply shows you dont know wtf you are talking about.
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:lol:
 
Peter said:
The Republicans have dug themselves into the hole too deep to stop now and will go down blaming everyone and everything else and never questioning the mighty Trump.
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In the middle of a crisis, standing around pointing fingers is not just a waste of time, it is a barrier to finding solutions. A lot of people figure if they can find someone to blame, their work is done.

Well, it's not. We got a LONG way to go and a LOT to do. Time to stop blaming Trump, blaming the Dems, blaming China. It's water under the bridge.
 
Fletch said:
Thank you for proving my point. Out of one side of your mouth you decry the economic collapse, while out of the other you demand actions that lead to such a collapse. And you wonder why no one takes your climate alarmism seriously.
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Yep. I decry an economic collapse that did nothing, because the idiot-in-chief and flowers couldn’t hack it.
 
Threegoofs said:
LOL.

You live in a bizarro world, that’s for sure.

But I do love whining about how the stockpile wasn’t refilled when the funding was basically controlled by a GOP House most of the time, and you ignore the fact that this admin not only didn’t restock it, THEY DIDNT RESTOCK IT EVEN WHEN A PANDEMIC WAS LITERALLY ON OUR DOORSTEP.
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Bizzaro world? That's were you're from?

The national stockpile used to be somewhat more robust. In 2006, Congress provided supplemental funds to add 104 million N95 masks and 52 million surgical masks in an effort to prepare for a flu pandemic. But after the H1N1 influenza outbreak in 2009, which triggered a nationwide shortage of masks and caused a 2- to 3-year backlog orders for the N95 variety, the stockpile distributed about three-quarters of its inventory and didn’t build back the supply.
Bloomberg - Are you a robot?
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“the stockpile distributed about three-quarters of its inventory and didn’t build back the supply."
Why not?

Is it really a case of:
In short, even though the Obama administration was advised to replenish the national stockpile of the N95 respirator masks, they didn’t. Despite the fact the media traced the cause of the shortage back to 2009, they accuse Trump of poor planning and trying to deflect responsibility. It doesn't take a genius to know that in 2009 Barack Obama was president, but not once in either story did Bloomberg or the Los Angeles Times link the failure to replenish the N95 respirator masks with Obama or his administration, after they apparently ignored recommendations to do so.
https://pjmedia.com/trending/its-barack-obama-fault-theres-a-shortage-of-n95-respirator-masks-heres-why
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??

After the swine flu epidemic in 2009, a safety-equipment industry association and a federally sponsored task force both recommended that depleted supplies of N95 respirator masks, which filter out airborne particles, be replenished by the stockpile, which is maintained by the U.S. Department of Health and Human Services.

That didn’t happen, according to Charles Johnson, president of the International Safety Equipment Assn.

The stockpile drew down about 100 million masks during the 2009 epidemic, Johnson said.

“Our association is unaware of any major effort to restore the stockpile to cover that drawdown,” he said.

Last month, Health and Human Services Secretary Alex Azar said that available supplies included just 12 million N95 masks and 30 million surgical masks, a tiny fraction of the 3.5 billion masks one of Azar’s deputies later testified the nation’s healthcare system would need.
A disaster foretold: Shortages of ventilators and other medical supplies have long been warned about - Los Angeles Times
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From the citations, there is no mentioned of your theoretical 'GOP congress blocked the administration' narrative. You claimed it. Back it up. Legitimate sources please, no left-wing political hack sites, if you please.
 
eohrnberger said:
Bizzaro world? That's were you're from?



“the stockpile distributed about three-quarters of its inventory and didn’t build back the supply."
Why not?

Is it really a case of:

??



From the citations, there is no mentioned of your theoretical 'GOP congress blocked the administration' narrative. You claimed it. Back it up. Legitimate sources please, no left-wing political hack sites, if you please.
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I know this might be a challenge for you, but.... who issues the funds to buy things in the US government?

Hint: it’s one of three branches. And a sub branch actually initiates the process.
 
Threegoofs said:
How many posts til we hear the usual suspect blame this on the Democratic controlled House, in preparation for the inevitable acceptance of a horrible, disastrous economy starting in November when Biden wins?
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No, but we can see that your post was being made to pre-empt something that you obviously lacked the integrity to actually address. Without being petulant about it in the first place.
 
MaryP said:
In the middle of a crisis, standing around pointing fingers is not just a waste of time, it is a barrier to finding solutions. A lot of people figure if they can find someone to blame, their work is done.

Well, it's not. We got a LONG way to go and a LOT to do. Time to stop blaming Trump, blaming the Dems, blaming China. It's water under the bridge.
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Time to take a page out of Sweden's book and open up completely.
 
Threegoofs said:
Yep. I decry an economic collapse that did nothing, because the idiot-in-chief and flowers couldn’t hack it.
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You must mean people in California, which now leads the nation in cases. Didnt know they were Trump 'flowers.' Or were you talking about New York and New Jersey that have the most deaths and the most deaths per capita of virtually anywhere on the planet? Perhaps you meant Florida where half the new cases are in just three counties: Miami-Dade, Broward and Palm Beach--the most heavily democrat areas of the state. Just about anywhere you look, the Bluest areas have the most cases and deaths. I guess we know who the true Covidiots are.
 
EMNofSeattle said:
Actually that’s the failed lockdown policies drafted by the “experts”
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No it's not. It's the result of all the right wing losers who refused to obey the lockdown policies. And that my friend starts with Trump. If you recall, Trump was advising the lockdowns one day and the next day he was screaming liberate your states. He blew his own policy wide open.

Now he want's to postpone the election because he finally realizes that the economy wont recover by Nov. 3rd. Even though it would violate the constitution and he has no power to do it.
 
99percenter said:
U.S. economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recovery - MarketWatch

Trumps failed policies.
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This is all how you interpret and spin the data. For example, there have been 150K Covid death, most of which have bene in Democrat controlled cities and states. Yet Trump will be blamed for all the deaths, even those at the hand of Cuomo, who resisted the recommended changes.

The same is true of the economy. We need to split Republican and Democrat states in terms of their share of this economic disaster. California is the fifth largest economy ibn this world. This one Democrat disaster state can make a huge national difference. If we add NY to that, which si also Democrat controlled state, this is half the total. Their policies were not that of the president. Most people will see this, but the fake news spin will try to disguise it.
 
wellwisher said:
This is all how you interpret and spin the data. For example, there have been 150K Covid death, most of which have bene in Democrat controlled cities and states. Yet Trump will be blamed for all the deaths, even those at the hand of Cuomo, who resisted the recommended changes.

The same is true of the economy. We need to split Republican and Democrat states in terms of their share of this economic disaster. California is the fifth largest economy ibn this world. This one Democrat disaster state can make a huge national difference. If we add NY to that, which si also Democrat controlled state, this is half the total. Their policies were not that of the president. Most people will see this, but the fake news spin will try to disguise it.
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By that logic, Trump would not have been able to take credit for the roaring economy led by blue states. Can't have it both ways.
 
99percenter said:
By that logic, Trump would not have been able to take credit for the roaring economy led by blue states. Can't have it both ways.
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Exactly.
Trump was banging on for ages about the greatest economy on Earth and how it was all down to him and his daughter who somehow managed to create millions of jobs all on her own.

Maybe She should get back to work and create another 25 million jobs as apparently she can just pull them out of her ass at will.
 
Bullseye said:
I disagree. A "national approach" may work for some things like distributing ventilators or PPE but in general letting states manage themselves is better, IMHO. The closer to the situation an official is the more likely he'll get things right. I don't want some pasty bureaucrat working in a cubicle in the basement of some Washington DC building dictating how California manages access to beaches, parks, etc.

Here's California's case map from a few days ago

View attachment 67289488

Maps for Florida, Texas Arizona all have similar patterns and require different rules. Let the locals deal with that.
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What is your proposal for dealing with the ways Americans drive all over creation?

Why won't George and Lucy from Hotspottown in Hotspot state just drive over the line to NoCovidNowtown to go to a restaurant or bar?

That sort of behavior is already happening. So, it's not a hypothetical question.
 
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