US worst hit by virus - 50 million unemployed by May

That is the worst number in US history - way higher than in the Great Depression.

Not to mention, US debt to GDP is skyrocketing right now, probably exceeding 150% (Greece numbers) this year.

Has the American dream finally died?

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The American dream ended in 1910s with the creation of Fed, women's voting, and the income tax amendment. Everything since is a Jewish nightmare.

U.S. fucked, unironically women will still be put on a platform and given govt jobs and money despite being net tax burdens.

America has been seen as undestroyable. But this virus shows America has no plan for such a situation.

Germany just rolled out the old 'Kurzarbeit' and 'Nazi lockdown' procedures. But America and the UK can't do these things, because they feel 'socialist' and 'wrong'.

But why is the market recovering?
We are seeing mother of God levels of market manipulation
Will it work?

dead cat bounce. Look at 1929. Its almost identical. This graph is a couple of weeks old, but you get the picture.

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>seen as
Jewish propaganda

>But why is the market recovering?
Because the market looks at Europe and thinks America can replicate these measures which keep people employed, have the virus conquered and factories back on next week.

America is different, this crisis will remain at the center of America until this summer or longer.

Hows berlinistan?

>Hows berlinistan?
Don't live there.

Around here, politicians demand the economy gets jumpstarted again next week. Factories are all opening up again next week including auto makers and car part suppliers.

>US population wasn't even 50 million during the great depression. Can you talk to me in percentages?
30% unemployment rate.

During the Great Depression, unemployment peaked at 24.9% in 1933.

Nice clickbait. Is this what /pol'/s come to?

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>only to begin hiring and everything within 3 months

Why the hell should people be hired back? There is economic depression, people stopped buying things, delaying auto purchases, travel, anything really. The housing market is collapsing, bankruptcies everywhere.

There isn't going to be any 'hiring back'. Unless your country has a 'short work time' program which makes companies keep all their people on the payroll during the crisis, your unemployment will skyrocket.

And in the US unemployment has already skyrocketed to around 13% now. And likely 25% by May.

>clickbait.
Actual numbers show 7 million more unemployed per week right now. You realize that 47 million isn't some kind of far stretched estimate? It's likely too low.

People don't give a fuck about social distancing now with the warm weather. The ghetto i'm living in is full of shitskin groups 24/7, so nothing out of the ordinary. Service industry, the self-employed and small businesses are getting gang-fucked into oblivion. It feels like every day is sunday when i'm out to buy groceries.

>Bruh, US population wasn't even 50 million during the great depression.
1930 US census begs to differ. 123 million, around 4 million more 5 years later.

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>Has the American dream finally died?
What dream? It has been a nightmare slaving for the kikes all my life

Interesting take considering the American dream is Jewish bullshit invented in the 50s but whatever

Thanks, Reagan

>My based grandpa and grandparents are a perect example with pensions, affordable education, housing and everything!
Yet they were the demographic that along with boomers voted for that jewish nightmare with unaffordable education and housing. Their pensions were a ponzi scheme that required eternal population growth that they voted to solve with importing spics to low skill jobs and driving down wages for said low skill jobs and most other jobs as well.

>US Debt before this year: $23T
>US GDP: $21T

US GDP after 25% loss: $15.75T
US Debt after this year: $27T (projected deficit is over $3T already)

Debt/GDP 2019: 109%
Debt/GDP 2020: 171%

Hope you guys get a thrill up your leg from acceleration, because you're on a train with no brakes.

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>People think
Oh, they just think that? I guess we don't know for sure. Maybe it isn't contagious.

>Hope you guys get a thrill up your leg from acceleration, because you're on a train with no brakes.

Bankruptcy is a break in itself. It's a derailment.

The Chinese are doing there very best to kill it but it won’t work. We are a well oiled machine with very, very, very powerful mechanisms in place. You’d be a fool to think otherwise.

Their*

The ultimate cuck cope. Dow at 40k by the end of May.

The Great Depression had 15 million unemployed with a 24% unemployment rate and 7 million deaths.

>virus caused unemployment.
No, that was governors overstepping their authority and ordering anything they deemed "non essential" to close.
Everyone is waiting for them to lift the lockdown so we can start earning money again.

Pretty amazing that the WHO could get almost every state governor to torpedo their own economy isnt it?

Could be true if most who wind up dead are niggers.

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Good will hurt the chinks and jews more.

Compare to the 2 worst episodes in 100 years...

>Kurzarbeit
Short work does not translate to lockdown retard.

what are you posting retard

thats complete bS lmao

US public debt to GDP is like 78% because half their debt is just intragovernmental holdings

its lower than EU avg and their GDP grows faster

we will contract more and end up with more debt than the US because of coronachan

Kurzarbeit is what I meant. Avoiding unemployment by requiring companies to keep people on the payroll but at 80% of salary, most of it paid by the state.

That's not the intention. Short work implies that the companies have to pay less to workers since their work hours are reduced to react to the declined demand.

>is just intragovernmental holdings
Not any longer, dude.

A small price to pay for complete governmental control. Get back in your homes goyim, the covid death toll is at 6 gorillon.

watch this space

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short work, would be shortened hours, like half time. The word you want is subsidized, by the government.

don't worry trump just gave away trillions of dollars to people that were already rich. they'll be fine

It's both.

just remember americans have fridges and cell phones. they're rich compared to most of the people on this planet

Literally as vague and worthless as a tweet from Trumpstein. Atleast during the great depression, we had manufacturing and industry to fall back on. We no longer have any of that because your kind wanted to MIGA.

fucking based

I'm hearing it is hitting minorities pretty hard, mainly the blacks. Not hearing much about Mexicans and others.

the difference is this was an intentional shutdown of business, not a failure of our economy
we will reopen, people will go back to work, the government will add more debt to its accounts to pay for stimulus and forgivable loans to businesses and the average person will see things return to normal very quickly

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brrrrrrrrrrrrrrrrrrrrrrr

>click bait
>every industry suffering and multiple on the verge of collapse already

enlighten us on why you think this is clickbait?

thehill.com/policy/finance/budget/492243-deficit-jumps-to-743-billion-in-march

A bipartisan bill is Trump's fault.