WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Yes, 2020 will be bad. The effects of COVID are only beginning to be felt…crops plowed under, breaks in the supply chain, food supply interruptions. There’s nothing certain for 2021 which could reveal even more vulnerabilities.
Law enforcement has for years perfected the art of “criminal profiling” to predict/solve crimes. It’s extremely accurate when evidence is carefully studied and a profile is developed. They can end up with something akin to: The criminal is most likely a white male between 25 and 30 years old, high school education at most, operates within a familiar area of the city, drives SUV, is very angry, etc. etc. Well, the same techniques could have easily been used to predict the horror of what we’re living through with Trump. Taking all of Trump’s massive personality flaws and history, it would have clearly shown how he would deal with this virus crisis (and nearly everything else). Egotist. Narcissist. Arrogant. Greedy. Irresponsible. Racist. Misogynist. Craves attention. Dishonest. Cruel. Sadistic. Once all that was put in the equation, we get exactly how he’s handling this virus outbreak. Not only was the virus totally predictable, Trump’s horrific handling of it was as well.
“the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009”.
OK. But the U.S. under Republican rule will take a hit of 5.9%, or nearly twice the predicted global average decline. And I have to qualify that to assume Trumpski does not pull something out of his gluteus preposterous to make it even worse. Spoiler alert: he will.
Dear Chairmen of the IMF Board
Don’t worry, the economy would have crashed soon anyway due to the effects of global warming that your clients have spent billions saying wasn’t real and we can’t do anything to make it better.
I hope you find comfort in this.
Sincerely,
RC
This is what scares the bejeezuz out of me. We really haven’t begun to experience the effects of shutting down the economy. The ripples have only just begun spreading out.
The analogy I like to make is that the country at this moment is like Wile E. Coyote when he runs off the cliff but before he drops 1000 feet down to the valley floor below. You know, that moment when he looks into the camera with that ‘oh shit’ look in his eyes…?
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009 — before rebounding in 2021 with 5.8% growth. It acknowledges, though, that prospects for a rebound next year are clouded by uncertainty.
And all of this…the pandemic and the collapse of world economies…could have been avoided if the famous ignoramus Trumplethinskin hadn’t removed public health expertise from the NSC, DHS and HHS, and removed 80% of our front-line overseas first-responder capacity. These were the same people that crushed Ebola. He also received design plans for building the machinery needed to produce N95 masks at an extremely high speed rate and failed to pay for the machinery to be built. Why? Because this was Obama’s plan to prepare the nation for a pandemic, and the jackass vindictively wants all things Obama accomplished to be destroyed.
Toadglans Trumplethinskin is every bit as destructive as SARS-CoV-2. He wants power. He doesn’t give a damn about your health or your wealth. He only wants your vote. You are not a human being to him. You are an object to be used and abused. That is the meaning of Narcissistic Personality Disorder.