"This is the biggest negative shock that our economy, I think, has ever seen. We're going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression," Hassett told ABC's"This Week.""During the Great Recession, remember that was a financial crisis around 2008, that we lost 8.7 million jobs and the whole thing. Right now, we're losing that many jobs about every 10 days.
Colorado governor says he's worried about possible second spike in Covid-19 cases as state set to reopen Monday"I think GDP growth in the second quarter is going to be negative big number. Wall Street estimates are 20, negative 20, negative 30% at an annual rate. And so that's because we've done something that's really unprecedented, we basically stopped everything," Hassett told reporters.
Don’t blame the coronavirus for shutting down the country, that was solely the work of overreacting state and local governments.
Time to get this thing rolling. We can't stay locked up for years ...
CNN you’re talking your few viewers into a recession
CNN is giddy over Americans suffering They pray this ushers in a more just communist society
ANYBODY!! With half a brain knows it's going to be bad.. ALL OVER THE WORLD! Buckel up!
Exactly what the democrats are hoping for. So much for caring about America and its people. Disgusting parasites.
I bet the thought of that gets Pelosi's panties moist.
This will pass very quickly once businesses are allowed to reopen. The death of America is in our own hands.
We need another stimulus of $ 2,000,000,000,000 to help small businesses, working families whose overall income is $50,000 or less, and the poor.
More fake news. No member of the Trump administration would even think that .
Corona virus didnt do it. The governor's fkd it all up. This is all on them.
If we quit all the libtard media fear mongering, we’ll be good to go back to work.
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Source: CNBC - 🏆 12. / 72 Read more »