1/2
2/2 Jobless claims, total unemployment level worse than expected cnbc.com/2020/06/04/wee…
1/2
2/2 Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’ cnbc.com/2020/06/04/cra…
1/5 It's official: The U.S. entered a recession in February
"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession.” nbcnews.com/business/econo… via @NBCNews
"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession.” nbcnews.com/business/econo… via @NBCNews
2/5 From the National Bureau of Economic Research: Determination of the February 2020 Peak in US Economic Activity nber.org/cycles/june202…
3/5 U.S. entered recession in February, ending record expansion
The National Bureau of Economic Research made the designation official on Monday.
politi.co/37czgEy via @politico
The National Bureau of Economic Research made the designation official on Monday.
politi.co/37czgEy via @politico
4/5 Monthly economic activity “reached a clear peak” in February, marking the end of the 128-month expansion that began in June 2009, said the National Bureau of Economic Research. wsj.com/articles/reces… via @WSJ
5/5 Of course the recession was always on its way and Trump #gaslighted it and blamed the pandemic. Nothing he does is real.
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
The Federal Reserve offered a grim outlook for the economy in 2020.
In their first economic projections this year, Fed officials indicated they expected the unemployment rate to end 2020 at 9.3% and remain elevated for years, coming in at 5.5% in 2022
nytimes.com/2020/06/10/bus…
In their first economic projections this year, Fed officials indicated they expected the unemployment rate to end 2020 at 9.3% and remain elevated for years, coming in at 5.5% in 2022
nytimes.com/2020/06/10/bus…
The U.S. was once the world's most competitive economy. Under President Trump it has fallen to 10th, a new ranking shows
In 2019 it was 3rd.
bloomberg.com/news/articles/… via @business
In 2019 it was 3rd.
bloomberg.com/news/articles/… via @business
@DolphinDemVoter
Trump Touted the Economy’s COVID Resilience While His Top Aide Dumped His Stocks
Former Chief of Staff Mick Mulvaney sold up to $550,000 in securities the same day that his boss declared that the “economy is doing fantastically.” thedailybeast.com/trump-touted-t…
Trump Touted the Economy’s COVID Resilience While His Top Aide Dumped His Stocks
Former Chief of Staff Mick Mulvaney sold up to $550,000 in securities the same day that his boss declared that the “economy is doing fantastically.” thedailybeast.com/trump-touted-t…
1/4 Whether you call it a trade war or a trade deal, Trump's dealings with China have been disastrous, and appear to be collapsing entirely.
From Meidas Touch ( .@MeidasTouch ) -- Quid Pro Trump and his disastrous trade war with China.
From Meidas Touch ( .@MeidasTouch ) -- Quid Pro Trump and his disastrous trade war with China.
2/4 Trump "trade advisor" and imaginary friend aficionado Peter Navarro has declared Trump's trade deal with China "over"... and is now trying to walk that back. 
3/4 This circus has too many damn clowns.
4/4 White House adviser Navarro says China trade deal is 'over' reuters.com/article/us-usa…
1/2 Trump's immigration policies are not merely racist, isolationist, and xenophobic; they're bad for business, particularly technology, science, and higher education, all of which thrive on influx and sharing of talent from other nations.
2/2 In fact, the U.S. role as the melting pot of the world is what MADE us the technological and industrial giant we are.
And now we're losing that edge.
Businesses, Colleges Plead With Trump To Preserve Work Visas wbur.org/news/2020/06/1… via @WBUR
And now we're losing that edge.
Businesses, Colleges Plead With Trump To Preserve Work Visas wbur.org/news/2020/06/1… via @WBUR
1/3 Just out of hand, if Trump says something about the economy and how he bested Obama, assume it's a lie, wrong, or both.
2/3 In today's example, Trump claims that the value of lobster in Maine and other parts of New England suffered massive decline under Obama.
This is 100% false.
This is 100% false.
3/3
