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The GDP dropped 9.5% in the last quarter, but none of the usual Fake News outlets have said that. Instead, they are screaming that it dropped 32.9%!
How desperate are the Democrats, that they can announce such a flagrant (and easily debunkable) lie publicly?
A 9.5% drop is bad enough, though pretty much expected after Covid hysteria caused various far-left governors to shut down their states' economies for months.
ABC News/Associated Press
Updated: July 30, 2020 10:52 AM
The U.S. economy declined 9.5% in the second quarter of 2020, according to new figures released Thursday.
The decline computes to a 32.9% annual rate in the April-June quarter, when the viral outbreak shut down businesses, throwing tens of millions out of work.
The GDP dropped 9.5% in the last quarter, but none of the usual Fake News outlets have said that. Instead, they are screaming that it dropped 32.9%!
How desperate are the Democrats, that they can announce such a flagrant (and easily debunkable) lie publicly?
A 9.5% drop is bad enough, though pretty much expected after Covid hysteria caused various far-left governors to shut down their states' economies for months.
ABC News/Associated Press
Updated: July 30, 2020 10:52 AM
The U.S. economy declined 9.5% in the second quarter of 2020, according to new figures released Thursday.
The decline computes to a 32.9% annual rate in the April-June quarter, when the viral outbreak shut down businesses, throwing tens of millions out of work.
And the WSJ is now a left wing source?
**************************************
The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—fell at a seasonally and inflation adjusted 32.9% annual rate in the second quarter, or a 9.5% drop compared with the prior quarter. The figures were the steepest declines in more than 70 years of record-keeping.
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Wall Street Journal right now...
I've heard at least 4 radio and TV announcements that shout 32.9% but never mention either "annualized" or the correct number, 9.5%.
Had to dig a while before finding the article I cited in the OP, that correctly mentioned both.
The hard-left fanatics are doing everything they can to mislead the public. How desperate are they?
All of this doesn't matter anyway. Covid was not Trump's fault. Remember the crap he took from Biden, Pelosi, AOC et al, when he shut down flights from China? We can blame the Chinese government for covid. Lefties won't though, because they won't want to harm the reputation of their communist brethren.
I concur, a lot of "respectable" websites are mentioning the 32.9% without clarifying that it is annualized. And furthermore, will never be realized as the yearly number, so why even mention it?
The GDP dropped 9.5% in the last quarter, but none of the usual Fake News outlets have said that. Instead, they are screaming that it dropped 32.9%!
How desperate are the Democrats, that they can announce such a flagrant (and easily debunkable) lie publicly?
A 9.5% drop is bad enough, though pretty much expected after Covid hysteria caused various far-left governors to shut down their states' economies for months.
ABC News/Associated Press
Updated: July 30, 2020 10:52 AM
The U.S. economy declined 9.5% in the second quarter of 2020, according to new figures released Thursday.
The decline computes to a 32.9% annual rate in the April-June quarter, when the viral outbreak shut down businesses, throwing tens of millions out of work.
It's only a lie to people who don't understand what annualized means.
It's typical liberal numbers. It was not a 32% drop for the time period in question.
But they wanted to make the number appear worse than it really was...... for obvious reasons.
The GDP dropped 9.5% in the last quarter, but none of the usual Fake News outlets have said that. Instead, they are screaming that it dropped 32.9%!
How desperate are the Democrats, that they can announce such a flagrant (and easily debunkable) lie publicly?
A 9.5% drop is bad enough, though pretty much expected after Covid hysteria caused various far-left governors to shut down their states' economies for months.
ABC News/Associated Press
Updated: July 30, 2020 10:52 AM
The U.S. economy declined 9.5% in the second quarter of 2020, according to new figures released Thursday.
The decline computes to a 32.9% annual rate in the April-June quarter, when the viral outbreak shut down businesses, throwing tens of millions out of work.
Yeah, this is what happens when you shut down businesses. What would you rather we do? Should we have shut down for longer or kept everything open so more could die?
Sorry, you don't get it both ways. You can't on one hand rail Trump for closing the boarders while on the other hand say he didn't do enough. Plenty of democrat leader actions can be questioned.
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