U.S. Economy Posts Sharpest Downturn on Record
Harriet Torry, reporting for The Wall Street Journal:
The U.S. economy contracted at a record rate last quarter and weekly jobless claims rose for the second straight week, amid signs of a slowing recovery as the country continues to struggle with the coronavirus pandemic.
The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—fell at a 32.9% annual rate in the second quarter, or a 9.5% drop compared with the same quarter a year ago. Both figures were the steepest in records dating to 1947.
It’s a good thing we elected a businessman whose market savvy uniquely positions him to be able to shield the American economy from disaster and deliver us to a new era of economic prosperity. No, wait.
It’s a good thing we have the opportunity to reelect a businessman whose market savvy uniquely positions him to be able to fix the American economy after he drove it into the ground by fumbling the federal response to a global pandemic.
🇺🇸 United States: 0
🦠 COVID-19: 24