Moody's Analytics chief economist Mark Zandi says that while jobs will come back as businesses start to reopen, the US will never get back to pre-pandemic unemployment rate as long as social distancing measures remain because of Covid-19.
#Economy #CNN #News
0:47 see how the economy trends up after Obama took office? 📈
All trump did was hitch a ride, until his actions mattered in 2020, and we all know how that’s going 📉
Jayhawks The tech bubble happened DURING Clinton administration not after.
@rolback You have no idea how the economy works at all. The only thing that will bring back manufacturing jobs to the US, is for US workers to be paid less than youd pay a China man. Even then really there not coming back, automation is the future. You elect Trump again and he will destroy the economy.
Nathan Croucher 100%
closerbnew12.link/1DZPxAgYHi8k
They couldn’t take steady, reliable growth underneath a Democratic President, so they put in another tax cut happy Republican who proceeded to sell the farm with fake stimulus so once again a retraction took place, it would be more severe than if we had just continued with steady growth.
Andrew Yang predicted this in a CNN interview awhile back. As usual, no one was listening. This is old news, folks. And you’re not going to like the current news.
Mike Naw, he said it soon after the pandemic started. Go to the Zach & Matt Show. They post all of Yang’s interviews. And there are many. Other economists were trying to determine if we were in a recession or not and Yang said definitely and that we were staring a depression in the face. Needless to say, the host and the other interviewee were shocked at the news. But then again, they were talking to Andrew Yang.
@bobby u if he said it after the pandemic all I can say is duh. you don’t even have to have an IQ of a hundred to know after the pandemic hit that we were going to have massive unemployment especially when you’re doing lockdowns LOL
bobby u MAKE TRUMP PAY YOUR RENT
Mike People are strange and their memories selective, especially regarding time lines. No one wants to appear dumb when in actually they were not dumb because everyone else thought the same thing. At the time, no one was talking about a depression. Not even the experts. They were still trying to decide if we were in a recession. And why am I repeating myself? Oh, yeah, cause you said “duh.” You must be pretty young to react the way you did. It’s cool. #BernieYang2020
@bobby u first I want to see I appreciate the way you communicate. I’m 41 lol, I also trade stocks & currency for a hobby, I was predicting this in January, however you are correct people were saying different things at different times. also some people knew the truth but didn’t want to say it because they knew the fear it would create would make it worse. If I was a arse to you it’s because of all the comments I’ve read on hear from people blaming Trump blaming Pelosi blaming everyone except for the people that are actually responsible for it we’re going to blame anyone, China. also I am not a Bernie Sanders supporter and I feel what he wants to do would destroy America. with that being said I still believe he should be the Democratic nominee in 2016 and in 2020, doesn’t matter what my feelings think fair is fair.
Edit: one more thing that I know nobody realizes this. For every trillion dollars we spend is $3,000 per American, I’ve heard some of the plans and correct me if I’m wrong that Bernie was putting out there were in the area of 60 trillion dollars, that would be $180,000 from every man woman and child in America.
We went from make America great again to trying to restore our economy
We did make it great again, about as great as when Bush left.
Totally right lol
@TheZooness “as great as when Bush left.”
Every time we elect a Republican we have to rebuild.
@Raging Monk yes! ❤💙 vote! The trade wars, TRUMP is a moron! He should of got elected after Bush! He will pass on a shitty economy for some one else to clean up! 😔 It will take forever!
Most importantly for what ever reason the economy turns to crap everytime a Republican is in the white house
You don’t know much about American history, do you? Remember Coolidge, Eisenhower, Reagan?
@Name Redacted NOT TRUE !
Everytime
They have misplaced priorities.
Sam Zell states, “Don’t expect a V shape recovery. Could take 2 to 4 years in some sectors.Neel Kashkari, President Minneapolis Fed Bank talked recently about recovery being painful 18 months
25% unemployment and a 30% GDP decline, Trump’s running the country like he did his casino.
Here we are neck deep in a pandemic, the likes of which hasn’t been seen in 100 years, and the only thing on the minds of never-Trumpers is “how can we destroy Trump”. Tell me, is your hatred for one man going to make things better? Or might you consider putting aside your “feelings” for awhile…see what happens in November. Maybe you’ll be happy. Maybe not. But we still have to come together as a country. A country divided will fall. Wanna imagine what America would look like if that happened? Donald Trump would be the least of your worries.
@Nothing At all https://www.youtube.com/watch?v=Qe3SfjgRugs Hogs are being euthenized unless they move the hogs so they could get trump to provide welfare problem with extra food instead of wasting it. Trudeau made a plan to pay farmers and will help the food chain, what happened to Trump? he’s handing nothing.
Kris let’s be real here no one thinks he’s a spy so that means he wants what HE thinks is best for the country. And at the very least u hav to agree that he at least cares about reelection. Therefore, what possible explanation cud there be for him “knowing” how bad it was and choosing not to do anything about it? His go to bragging point was his economy why wud he shoot himself in the leg like that? If u r at least slightly logical u even if u won’t admit it u no that’s true. And as dumb as u might say he is (despite his worton business school education) it wud take someone even dumber than u like to make believe he is to CHOOSE to have a situation like this especially In the political position he is in.Which means the only possible explanation was that he understandably didn’t have the information that we have now pointing to the severity of this situation and made an undereducated judgment call that I think most people wud hav made at that point. And for that there’s no one to blame not him nor “CH”iNa.
Nothing At all Nothing at all, Nothing at all, Nothing at all and Nothing at all “In your brain”
Stacks Amillion because he did nothing for months and to this day is acting like it’s not happening he told people to inject bleach he told people to ignore the quarantine if everyone stayed in the house we could have been back to normal and avoided hundreds of thousands dead by the end of this how can you be so blind
#MEDICARE AND UBI FOR AMERICANS
KEEP AMERICANS SAFE AND HEALTHY
The country needs to make sure Trump becomes unemployed in November.
@G C it didn’t come out of trumps pocket you act. lke he shelled out his own money
You do know the democrats and Biden wanted an even harder lockdown, losing even more jobs… Atleast they are on vacation now.
I’ll help him pack his stuff and send him on his way back to New York😉
@Devo how come this country always go in to the toilet when a republican is in charge😯
The country may need some work programs like during the depression to put people back to work. If the Republicans somehow stay in power these programs will never materialize and we could truly see another great depression. If deflation comes, all bets are off it will be real bad.
Right-Vote BLUE in November!
The Republicans are not in power now the Democrats are. So did you have it backwards.
The reality is Corona Virus COVID-19 opened a Pandora’s box on the whole world now.
I have a feeling we’re not in Kansas anymore.
if Trump is a “war-time” President, it sure looks like it’s time to surrender, but the virus doesn’t take prisoners
It poisons them
Think they’re being overly optimistic
they are delusional. capitalism is a mental illness
It’s pretty obvious what’s about to happen: reopening the country will be akin to reopening a fresh wound. We’re opening up straight into increased risk of infection, millions will get sick this wave and we will see 35% jobless or more.
@Ryan Haddock you are a fucking idiot…
@Fitness and Politics Please feel free to provide a rebuttal. Projecting your own insecurities isn’t productive.
@Ryan Haddock people will get back to work and life will go on ….and you will remain a fucking idiot.
@Fitness and Politics That’s what Trump said when there was only one active case. There was no evidence then supporting that claim and there isn’t now.
@Ryan Haddock Sweden has been doing fine without killing their economy….hide in your basement forever, fucking idiot.
MAN I LOVE THIS WINNING TRUMP HAS CREATED!
WINNING FOR CRIMINALS AND UNDERTAKERS!!! YEAH!!!!
Governors are releasing criminals dumbass lol
Vote for Biden
❤️🤍💙🇺🇸
#LincolnProject
I am a supporting member of #LincolnProject!!!
None of the above
how about change yourself instead of expecting a politician to change things
Just wait till the government stops sending checks. 😂
It all depends on what happens between now and when the money runs out. If there’s no plan as things continue to remain the same, yeah, I don’t think being outside is a safe bet when other people are broke and hungry.
This doesn’t count independent contractors who were technically “self employed”
It doesn’t count the enormous number of people who just can’t connect to the online services for unemployment… there’s an enormous backlog… it doesn’t count the people who simply gave up… these numbers are way off
When your neighbor is out of work, you’re going to think twice about buying a new car. The guy at the car dealership doesn’t sell enough cars and then is laid off. The chain reaction through out the economy has only just started.
You are right.. it truly has a domino effect..
Amazing that all of the “unforseen” and “once in a lifetime events” routinely happen underneath Republican administrations.