Trump ignores latest economic figures-No recession


This is the first in a long-overdue series of posts on Donald Trump, 'CAN YOU BELIEVE IT?' because of the stupidity this man comes out with on a daily basis...
Here's the headline: "‘It’s not like we have a massive recession or worse,’" says Trump after millions [10 to date] lose their jobs." He follows it with, “It’s artificial because we turned it off,” whatever the hell that means, yet of little consolation to those 10 million. The job losses were just in a two-week period last month, With the jobs gone also came a loss of employer-provided health insurance. Listen to this...
“Oh thank God, for a second I thought I was actually unemployed and not just artificially unemployed,” one Twitter user quipped in response to the president’s comments.
Mnuchin with his gang of incompetents
 And Cody Fenwick from AlterNet provides this headline: "Why ‘mind-blowing’ new unemployment numbers are worse than they look — and the Trump administration could bungle the recovery." Fenwick is being gracious in describing Donald Trump's likely response to the problem as "could;" it is likely a given. And with Treasury Secretary Steve Mnuchin in the loop. there is a double guarantee it will be botched up. Fenwick explains...
"These gargantuan levels of need outpace any other economic downturn on record in U.S. history, and horrifyingly, they understate the problem because of all the people out of work who aren’t applying for unemployment.'
Gita Gopanath, Chief Economist of International Monetary Fund...


There's more...
"Worse yet, while Congress has passed a massive 2.2 trillion package, known as the CARES Act, meant to soften the blow for families and businesses, it appears the Trump administration may not be up to the challenge of distributing these funds efficiently enough to avoid much of the coming financial pain."
Raising once again, but this time at a point of almost no return, the incompetence of Donald Trump as the leader of this nation. Here's an illustration...

 View image on Twitter

Heidi Shierholz of the Economic Policy Institute said, “This kind of upending of the labor market in such a short time is unheard of.” Of course it is due to the COVID-19 pandemic, but it is Donald Trump that let coronavirus get completely out of control in the United States. And yet still continues to interfere. Pathetic.

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