Tag Archives: Economy
Economy Not Sheltering in Place
The economy isn’t sheltering in place. It’s heading down. Fast.
Goldman Sachs forecasts 15% unemployment and a 34% decline in GDP in the second quarter. And the stock market just finished its worst quarter since 2008.
Goldman Sachs is still predicting a “V-shape” recovery, however, meaning the steep drop-off will lead to a bigger bounce of 19 percent in the third quarter.
The Hill
Economy Not Sheltering
The election is seven months away. Can Trump pull the economy out of its Corona nose dive by then?
Scott Brennan, an Iowa Democratic National Committee member and a former state party chairman, said, “If the economy pops back … it’s hard to know what people are going to think.”
Politico
Path to Citizenship
As President Obama pivots to the economy some immigrants are pivoting back to Mexico.
Big Lie
The Obama camp will say pretty much anything to distract from three and a half years of 8% unemployment. A Romney aid defended Mitt against accusations of complicity in the cancer death of the wife a laid off former employee, by reminding us of Romney Care. Even Obama doesn’t mention Obama Care. Needless to say, conservatives aren’t happy.
Commencement
Dana Milbank reports that our first black, Pacific, gay, woman president elbowed aside a real woman (Jill Abramson, the first female executive editor of the NYT) to give the commencement address at Barnard. Meanwhile a NYT/CBS poll showed Romney ahead of Obama with women voters.
