Daily Archives: August 1, 2020

Trump’s Nonsense Reaction To The LARGEST GDP Drop In American History…


Date: August 01, 2020

01) Trump’s Nonsense Reaction To The LARGEST GDP Drop In American History


“The U.S. economy just saw it’s largest-ever quarterly drop.

The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.

Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting an end to the longest economic expansion in US history and wiping out five years of economic gains in just a few months.

A recession is commonly defined as two consecutive quarters of declining gross domestic product — the broadest measure of the economy. Between January and March, GDP declined by an annualized rate of 5%.

Citation:
https://www.cnn.com/2020/07/30/economy/us-economy-2020-second-quarter/index.html

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Republicans React to Trump’s Election Delay Announcement…


Date: August 01, 2020

01) Republicans React to Trump’s Election Delay Announcement


“Some Republicans support Trump’s idea to delay the election and some don’t.

President Donald Trump, lagging in the polls and grappling with deepening economic and public health crises, on Thursday floated the startling idea of delaying the Nov. 3 presidential election. The notion drew immediate pushback from Democrats and Republicans alike in a nation that has held itself up as a beacon to the world for its history of peaceful transfer of power.

Trump suggested the delay as he pushed unsubstantiated allegations that increased mail-in voting due to the coronavirus pandemic would result in fraud. But shifting Election Day is virtually impossible and the very idea represented another bracing attempt by Trump to undermine confidence in the American political system.

Citation:
https://apnews.com/d203eaa406dc5e7362dfa9e33522195e

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