https://www.mediaite.com/tv/trump-e...or-current-quarter-amid-coronavirus-lockdown/ This is Trump's senior economic adviser. I thought maybe this was to scare people into getting onboard the reopening bandwagon, but the Trump Administration's M.O. is to downplay bad news (esp. economic news), not play it up. So I guess this is legit. A 40% drop in GDP. Wow. Are we going to see bank runs?
Given that economic activity is basically being choked off, essentially? Yes. It was one of my big fears early on. This is not going to go away, be it Trump or Biden. We chose this dead end, now we gotta lie in it for at least the next 4-12 years if past economic indicators are any lesson to derive from.
Yeah. That is a bummer if GDP is dropping that much. The Silver Lining (of course) is that Voters Will BLAME Trump in November.
