The U.S. economy crashed in historic fashion this year — shrinking at a nearly 33 percent annualized pace in the second quarter — as the coronavirus pandemic ravaged businesses and sent joblessness soaring. The question now for President Donald Trump, trailing in the polls and facing a daunting reelection effort, is just how much conditions can snap back in the months leading up to Election Day
Meanwhile Moscow Mitch seems quite happy to consign Trump to the scrap yard with no stimulus deal at all, if that's what it takes to not give the dems their red line of aid to states. The "funny" thing though is that by taking this Stand on Principles, Moscow Mitch is willing to give up his Red Line in legislation preventing business and govt from being sued over the virus, and aid to get schools fully open. Perhaps his "red line" is not so much about real fears and principles.
U.S. suffered worst quarterly contraction on record as virus ravages economy
When the economy was tumbling in the second quarter, Trump pumped up the third quarter. Now the high hopes are slowly deflating.
www.politico.com
Meanwhile Moscow Mitch seems quite happy to consign Trump to the scrap yard with no stimulus deal at all, if that's what it takes to not give the dems their red line of aid to states. The "funny" thing though is that by taking this Stand on Principles, Moscow Mitch is willing to give up his Red Line in legislation preventing business and govt from being sued over the virus, and aid to get schools fully open. Perhaps his "red line" is not so much about real fears and principles.