Posted on 02/10/2021 1:34:10 PM PST by Roman_War_Criminal
The economic downturn that we are currently experiencing is making the last recession look like a Sunday picnic. Yes, 2008 and 2009 were bad, but they weren’t anything like this. Unprecedented intervention by the Federal Reserve has allowed the rich to get even richer during this crisis, but meanwhile millions upon millions of ordinary Americans are deeply suffering. Unfortunately, what we have gone through so far is just the beginning.
As a child, I was a big fan of Sesame Street, and one of the characters that really stood out to me was Count von Count. I loved the fact that he was always counting things, and that is what I am going to do in this article in order to illustrate how bad economic conditions have now become.
Let’s start with the number 7. According to the Congressional Budget Office, approximately 7 million more Americans would have jobs right now if the COVID pandemic had never happened…
But in fact, what the CBO is projecting is dire: around 7 million people out of work in 2021 whom CBO thought before the pandemic would be working. That’s dire – and a call to immediate action, not calm, not wait-and-see.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Cloward-Piven brought to fruition by a virus.
liberals wasting time trying Trump when they could be saving American lives.
Voters will remember.
To the Rats this is “nothing to see here,move along”. Collateral damage.
You think that is a problem, 1000’s of Illegals are pouring across the border as I send this message.
Bidenvilles coming to a neighborhood near you.
Hard times are easier when you know how to be frugal.
In MI, 40% of restaurants are done for good.
Deplorable Democrats are to blame.
The newsoms and whitmers of the wod need to be in the uneohnent line
15 days to slow the spread.
Highly targeted Covid relief could be issued based on lines 7(SS tips) and 8(allocated tips) of W-2 forms to restaurants and their waiters.
There are not “8 million more people living in poverty”. The US counts people who “would be living in poverty” if it were not for public and private assistance. Families receiving over $50K a year in assistance are considered “living in poverty”. In 2019, the average bottom-quintile US household received $45,389 in government transfers and another $3,300 in private assistance. With Uncle Sugar tossing in thousands extra in stimulus, that figure is much higher in 2020. This massive debt will eventually drag us all closer to real poverty.
Voters for what. Future elections deleted. Only democRATS getting their wishes.
Making America Last Again
All is going according to the Xiden plan
The only problem with that though we no longer have fair elections. If we want a certain person in office, the Elites of the Rat/RINO uniparty of treason in Congress have to approve that person first and they are not going to approve someone who doesn’t play their game.
😢 That is awful.
The Chinese restaurant we frequent is doing fine. (They are dine in and take out) I do not know of restaurants that closed in Michigan, but quite a few restaurants closed just over the border in Ohio.
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