Trump’s economy is a disaster

Posted on AllSides May 20th, 2020
From The Left

The Congressional Budget Office on Tuesday released its economic projections for the remainder of 2020 and for 2021. “CBO estimates that real (inflation-adjusted) gross domestic product (GDP) will contract by 11 percent in the second quarter of this year, which is equivalent to a decline of 38 percent at an annual rate. In the second quarter, the number of people employed will be almost 26 million lower than the number in the fourth quarter of 2019.”

It might be worse than that, of course. The CBO assumed that social distancing...

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Jennifer Rubin

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