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 ...
Well, what did you expect the “Economic Collapse” blog to publish? “Prosperity is just around the corner”? Someone would get fired.
Fauci told us it won’t be “normal” until fall 2021. Few small restaurants can hang on til then.
Restaurant owners are to blame for being obedient little pussies
The net result of all of this economic damage had been to enrich the billionaire class even more. Small business has been destroyed. Now they are back to trying to import a new consumer class that consumes more consistently over a lifetime. Sorry, whitey, but you slow down consumption of product as you get older. You have to be replaced.
And of course the democrat dominated Maryland legislators are busy overriding last years vetoed tax increases.
The Economic Collapse Blog is less truthful than Zero Hedge, and ought to be banned just as ZH is.
Not to worry... Impeachment will fix all of that. NOT!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.