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|    NoName to All    |
|    US economy contracted record 32.9% in Q2    |
|    30 Jul 20 15:21:49    |
      XPost: tx.guns, tx.general, alt.guitar.amps       XPost: alt.politics.democrats       From: NoEmail@ever.com                                   --                            US economy contracted record 32.9% in Q2 amid state shutdowns, C              The U.S. economy turned in its worst performance ever in the second       quarter as the COVID-19 pandemic shuttered businesses across the country       and consumers hunkered down at home.              The nation’s gross domestic product, the value of all goods and services       produced in the U.S., contracted at a staggering seasonally adjusted       annual rate of 32.9% in the April-June period, the Commerce Department       said Thursday.              Economists surveyed by Bloomberg had forecast a 34.8% drop in GDP. To       put the plunge in perspective, it was about three times larger than the       previous largest drop in quarterly output.              "The GDP numbers are mind-boggling," said Ian Shepherdson, chief U.S.       economist of Pantheon Macroeconomics.              The free fall was driven by a historic 34.6% pullback in consumer       spending as states closed down nonessential businesses such as       restaurants, malls and movie theaters, and Americans avoided public       gathering spots and travel out of contagion fear                     By the numbers :              ----                     340 Golf games.              $350m spent on golf travel              1/5th time on vacation              150,000 dead              4,000,000 infected              25,000,000 unemployed              600,000 private businesses closed              3,000,000 evictions              1,000,000 home/business foreclosures              $5T to added debt              $$$BB in lost revenue              $150B welfare payments to farmers 3/yr              220 criminal indictments              100s of children in cages              50 convictions              25 woman assaulted              24 - missiles launched ny NK              10+ Prison convictions              5 - love letters sent to Kim Umg              2 - porn actresses paid $300,000              1 - 13 year old girl raped                     1 impeachment                            Did I miss anything ?              ====              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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