We have had $3,000,000,000,000 dumped artificially into the economy. The result has been double-digit unemployment and -33% GDP contraction.
Yes, consumption and purchasing has been artificially grown as a result of this stimulus. Which has staved off even worse catastrophe. But none of the record sales being seen by several subsidy based industries are natural. Growth is not organic. Cheap credit and massive amounts of funds dumped in have caused artificial spikes.
I am hoping to make half of what I normally make in a year and when I do go back to work try to repay the loan I took from my 401k to get through this as quickly as possible.
Tens of millions of Americans are in the same boat as me.
A lot are not as fortunate to have the resources to draw on that I do.
The same people who for 4 months have demanded the economy be shut down and complained about it not being shut down faster are now going to complain about unemployment and the GDP - both direct results of doing what they demanded.
I’m sure the over 100,000 airline workers (in the US alone)who have either lost their jobs, gotten WARN notices, or saw their airline shuttered in the past 6 month feel better too. But they aren’t front line in the trenches or anything.
There needs to be a bit more fact checking on the opinion you’ve been spoon fed.
The path we took flattenned our curve too… until Floyd.
They are not getting back to normal any more than we are, Every area of their economies they attempt to open sees a spike. They always will, its a virus, it spreads, that’s what a virus’ does. After shutting down and decimating their economies, they have virtually all declared they will not shut down again no matter what, they are now following our model (although for the most part they have stopped testing all but those with symptoms masking the true numbers of new cases).
There was no opening “too soon”, there were idiots protesting during a pandemic, and everywhere they protested that did not have a level of immunity granted by that area having already been hit is now being hit. In every case, where states were reopening, we were seeing exactly what we expected to see. Small spikes that could be managed, until… floyd.
Germany’s GDP shrinkage was, annualized, 1.8 points higher than the US.
Of course, our per capita death rate is 4 times higher, we’re an international joke, and things are getting worse…but hey - how about that 1.8 point difference???
yes, there were expected increases. they were small and manageable.
the huge spikes happened in correlation with floyd protests. thats just facts. deny them all you wish, it doesn’t change them. and the narrative the masters spoon fed you doesn’t change them. all you have to do to confirm the correlation is look at the map and the timeline. You all like to cit FL so much, so here it is from the NYT with all the others.
opened May 4th
two weeks later we’re in the height of floyd protests and… nothing. Small, very manageable increase… three weeks, nothing… small manageable increase. 4 weeks after opening, and two weeks after the start of protests…skyrocketing begins in the same areas of the protest and among the same population; young people.
clear floyd spike
you can replicate the pattern basically anywhere. its the same thing over and over. the narrative you’ve been fed is garbage
no, they don’t. in Q2 Germany was heading out of its shutdowns, we were in the height of ours. but do keep up the doom and gloom. As always libs will overplay the hand they have and will hand the election back to Trump and the GOP. Its already started