07-30-2020, 08:05 PM
Well, I was looking up some financial information for work, today, and came across this: https://www.bea.gov/news/glance
![[Image: gdp2q20_adv_chart.png]](https://www.bea.gov/system/files/gdp2q20_adv_chart.png)
With two successive quarters of GDP contraction, it puts us into a recession. In addition, this 32.9% contraction of the economy is a record. Now, before anyone jumps to the blame game, this is most definitely a result of the pandemic. Trump is not to blame, governors are not to blame, neither party holds blame, this is just the reality of the situation we are in. The only thing we can do is hope for appropriate policy measures to help us weather this storm without putting people at risk unnecessarily.
With two successive quarters of GDP contraction, it puts us into a recession. In addition, this 32.9% contraction of the economy is a record. Now, before anyone jumps to the blame game, this is most definitely a result of the pandemic. Trump is not to blame, governors are not to blame, neither party holds blame, this is just the reality of the situation we are in. The only thing we can do is hope for appropriate policy measures to help us weather this storm without putting people at risk unnecessarily.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
