The Labor Department reported on Thursday that unemployment claims reached a record 6.6 million in the last week ending on May 28, doubling the number of claims in the previous week.
Trump earlier this week similarly told “Fox & Friends” that Democrats were pushing for initiatives that would generate “levels of voting that if you ever agreed to it you’d never have a Republican elected in this country again.”
As Paul Krugman explained, we have put the economy into a medically-induced coma to treat the virus.
It’s awful, and it will hurt a lot of people, but it’s an intentional act to treat a larger danger—it’s really not an economic collapse in the traditional sense of the term.
Of course when the people are laid off the employers don’t have to pay health care costs and since a lot of states have rejected expanded medicaid there are going to be millions who are uninsured. Talk about a strain on the healthcare system.
3.25M job loss later…
But my TV ratings…
But my blown hair…
But my FB followers…
6.6M job loss later…
Perhaps his comment will be like this: More tax cut for the RICH, right?
The country needs leadership right now, NOT a whining-fest from their president about their presidential problem of blown hair or bragging about their TV ratings or FB followings!
ICYMI: Trump Regime do NOT want the public to know the real unemployment numbers…On March 20, the Trump Regime asked state labor officials to DELAY exact numbers of increase in unemployment claims and that…
"States should not provide numeric values to the public," Gay Gilbert, the administrator of Labor Department’s Office of Employment Insurance, wrote in a memo Wednesday that was reviewed by the news outlet.
Reported last Mar 30, St. Louis Fed projected that unemployment can be as high as 47 million out of the 67 million high risk of job loss due to Covid, with the unemployment rate at approx. 32%.
So, tomorrow’s job report from the BLS will say, maybe, 20 million jobs lost and an unemployment rate of 20%? that’s my guess. This is going to be a long, hard recession. What’s more, I don’t see an end to it any time soon.
GIR (Get It Right)
These people make superb silicone cooking utensils.
They’ve shifted their manufacturing to create reusable, easily cleanable, silicone N95 masks
Well, it is only a matter of time before some wag goes back to the nonsense of the unemployed pulling themselves up by their bootstraps and taking care of themselves without the nanny government having to step in. There are tons of jobs out there just waiting for someone to fill them. This shut-down nonsense is going to crush the stock market and the economy and it needs to stop now. [/s - just so I don’t get flamed].
You know it’s coming. You know the Right will simply deny any responsibility for the severity of all of this. My crystal ball says when it ends things will get put to rights again, but that may take the rest of the year in terms of when will we be back to ‘normal’ (the old 8-ball token - ball’s hazy, try again).
Again, I go back to the fourth estate and letting idiots get away with stuff like that - not only are all these people unemployed through no fault of their own, the Right will make them feel worse about it than they deserve. That’s really what will destroy the country.
Someone needs to tell him
Trump
There is nothing you can do or say that will get you reelected.
Your name will forever be associated with incompetence and death
We’re calling the trailer Morgues "Trump Trailers "
Leave some experts to run things (NOT PENCE)
STFU and Go golfing
It’s the best thing you could do for the country
Sorta related: On NPR this morning, Morning Edition had a story about the airlines being eligible for money from this most recent stimulus bill if they continue to maintain the schedules they had at the beginning of March–all flights to all destinations, no matter how empty. The airlines have been proposing some work-arounds re that requirement, with varying degrees of success.
Then, in the local (Wichita) news break, there was a story about the airlines serving us all reducing or cancelling flights into/out of the city. In March, passenger traffic was down 90% compared to February, and they anticipate another 30% drop in this month’s numbers.
I suppose that requirement exists for the airlines so they won’t just shut down completely and then sit back and rake in the dough; still, though, to ask them to maintain the same schedules . . .