What the f**k do we call a 33% drop in GDP?

[bigtree]

Richard Lionheart @LionheartNYC 4h
A 1% drop in GDP is a recession. We called a 6.5% drop in GDP "The Great Recession". In 1929, we called a 15% drop in GDP "The Great Depression". What the fuck do we call a 33% drop in GDP?

Link to tweet

don't be distracted... state of economy decides elections.

Link to tweet

Link to tweet

[bluedye33139]

1. I still like "the Trump Slump."

It's very descriptive.

[soothsayer]

2. Ha!

[bigtree]

4. it rolls right off the tongue

...nice.

[lagomorph777]

30. Simple and clean.

Perfect. I'll promote it here.

[uponit7771]

3. Donald Trump is a physically unattractive human, maybe it's my disdain for

... for him but that guy is fugly

[leftyladyfrommo]

27. He's gross. He's creepy. Yuk. nt

[smirkymonkey]

35. You put it so euphemistically.

He is absolutlely fucking hideous! Honestly, he is the most repulsive looking person I have ever seen in my entire life.

[Poiuyt]

43. What makes it even worse is that he thinks he's God's gift to women

[uponit7771]

5. Continuing claims are up nearly 900k

[Chainfire]

6. It is called "Making America Great Again."

[unc70]

7. Thursday

[MANative]

8. "Economic Armageddon" nt

[NRaleighLiberal]

9. we call it MAGA

[RockRaven]

10. Avoidable with appropriate pandemic responses at every level of government

That's the bottom line: this was almost entirely avoidable.

[gohuskies]

11. MAGA Great Depression - the wrath of Drumpf

All of this is on the Orange Maggot’s watch.

[LiberalArkie]

12. At least we don't have to worry about bankers jumping out of windows and landing on us below.

They are all partying up in the Hamptons.

[Pachamama]

14. Literally

They are as you described partying in the Hamptons.....

[Quixote1818]

13. I wonder if this will ever be topped? It will be glued to Trump for the rest of history nt

[dutch777]

15. The Trump Depression

And it is not only an economic and a lost jobs issue, it is depression in the mental health sense. Is anyone really happy and not stressed by this situation with the disease, the economy, job loss, limitations of personal freedom and so many lost opportunities and missed experiences? And all compounded by the lack of empathy and meaningful leadership at the Federal level. The needless deaths and illness from Covid are tragic, but the impact to society goes far beyond the families of the victims. Increasingly, we are all becoming victims and the consequences will linger long beyond when we finally get the disease under control.

[TeamPooka]

16. Trump's Greatest Depression. The biggest most beautiful depression you have ever seen.

[Dave in VA]

17. The orange hemorrhoid

on the rectum of life?

[ProfessorGAC]

18. Trump's Folly?

Trumponomics?
Bankrupcomonmics?
Any will fit.

[unblock]

19. the traitor's crater

[gibraltar72]

20. An ember.

[tinrobot]

21. We call it Yet Another Trump Bankruptcy.

[Docreed2003]

22. They cannot continue to gaslight us about this economy

We all see what is happening, many of us are directly feeling the implications of it, they cannon gaslight is and tell us everything is roses. We cannot allow them to continue to destroy our economy and our government. WE MUST VOTE!

[brooklynite]

23. Unfair!!!

What about the 67% that DIDN'T drop?

[Voltaire2]

24. economic collapse

[Hortensis]

25. We call a 9.5% drop for the second quarter a national tragedy.

It represents millions in severe economic difficulties, many suddenly facing destitution who never thought it could happen to them. After all, $600 a week doesn't allow keeping up with the bills when normal "middle class" living on the median two-earner income (59K-89K by race) cuts pretty close to the edge.

Saw one report that 73% of Americans say they didn't have savings to cover 3 months' expenses, but it didn't mention how many were cleaned out after 1 month.

[Laelth]

26. The Trump Depression, no matter what it's called, is a game-changer. n/t

-Laelth

[keithbvadu2]

28. Call it? - The Trump economy.

Call it? - The Trump economy.

[cojoel]

29. It fact it is really just Reaganomics

taken to its extreme conclusion

[Efilroft Sul]

31. End-stage supply side economics

[yardwork]

32. So much winning!

[Danascot]

39. Yeah

“We’re going to win. We’re going to win so much, you’re going to be so sick and tired of winning, you’re going to come to me and go ‘Please, please, we can’t win anymore.’ You’ll say ‘Please, Mr. President, we beg you sir, we don’t want to win anymore. It’s too much.' And I’m going to say ‘I’m sorry, but we’re going to keep winning, winning, winning.'”

[Igel]

33. For now, "recession."

You need economic downturn of sufficient length for it to be a depression. 3-4 months isn't "sufficient length."

[Vogon_Glory]

34. What do you call it? Republican "prosperity"

[MoonlitKnight]

36. A 33% drop WITH about $10 Trillion pumped into the economy

$3-5 trillion from Congress.
$7-10 from the Fed.

Imagine the decline without that.

[mercuryblues]

37. trump's economy

[Kid Berwyn]

38. Go short!

That’s what the smart money did, early and often too.

[LuckyCharms]

40. An OOPS!!

[Calculating]

41. Meanwhile the stock market sees nothing wrong

We're witnessing the biggest disconnect between the stock market and the actual economy ever seen.

[cagefreesoylentgreen]

42. The Great Ravine

A term coined by author Liu Cixin to describe something many magnitudes greater than a Great Depression.

[tblue37]

44. The Trump-Republican Depression. nt