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Drudge Retort: The Other Side of the News
Wednesday, April 29, 2020

The fallout from the deadly coronavirus caused the U.S. economy to contract 4.8 percent from January through March, the deepest decline since the depths of the financial crisis more than a decade ago, the Commerce Department said Wednesday. The second quarter is likely to show a decline of more than 30 percent -- a level not seen since the Great Depression -- as much of the economy entered a deep lockdown to try to encourage people to stay home to stop the spread of the virus.

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Consumer and business spending nose-dived in the first quarter, according to the Commerce Department report, which gives the first real look at how painful the economic fallout from the pandemic has been. Although Americans flooded grocery stores to buy food and supplies, it was not nearly enough to offset lost spending on dining out, car sales, entertainment and more.
Welcome to our new normal.

#1 | Posted by tonyroma at 2020-04-29 08:54 AM | Reply

This, of course, explains why Trump wants the schools open and our children dead.

#2 | Posted by Zed at 2020-04-29 10:03 AM | Reply

The British got through the Blitz in a high state of morale. Then in 1944 came the German "V" weapons which were actually less destructive than German bombers.

British morale plummeted during this "second wave". I can only imagine what the second wave of COVID-19 will do to us.

#3 | Posted by Zed at 2020-04-29 10:05 AM | Reply

Well, selling purses and pizzas to each other was never really sustainable anyway. And it didn't pay very well either.

#4 | Posted by horstngraben at 2020-04-29 09:39 PM | Reply | Newsworthy 1

Der Dotard will put Jared on the job of fixing the economy and he will be on it in a jiffy, just like he got the Jews and Arabs to be pals, got ventilators to every hospital patient, built the wall, righted wrongs and got home for dinner every night at 5...

#5 | Posted by catdog at 2020-04-29 10:28 PM | Reply | Funny: 2 | Newsworthy 1

This is not surprising given all that is going on. Focus should be on those who will make a killing off it, but it won't be.

#6 | Posted by REDIAL at 2020-04-29 11:04 PM | Reply | Newsworthy 1

"Well, selling purses and pizzas to each other was never really sustainable anyway. "

Sustainability isn't necessary for success, under the rules of Capitalism.
In fact, if you're running a sustainable business, someone who is running an unsustainable business can undercut you and drive you out of the market.
The sad part is, Republicans know this, and they just don't care.

#7 | Posted by snoofy at 2020-04-30 12:04 AM | Reply

ZED

" I can only imagine what the second wave of COVID-19 will do to us."

With a little bit of luck we'll be celebrating the demise of the Trump administrating by then ~ maybe from our sickbeds ~ but -------- with joy because sanity is on it's way back.

Between now and then all we can do try not to become a statistic of this imbecilic mad dog.

#8 | Posted by Twinpac at 2020-04-30 05:10 AM | Reply | Newsworthy 1

"The sad part is, Republicans know this, and they just don't care."

Yet the entire country has prospered off of this, both Dems and Reps alike. It's sad to see how bad Dems are with understanding how our economy works. ALL evidence points to the fact that neither side cares or one of the parties would have done something about it decades ago, if not over a century ago. Since the evidence proves it and your statement is just an uneducated opinion, why even make the comment? Oh, yeah, you just have to parrot partisan hate for your ego like all the rest.

#9 | Posted by humtake at 2020-04-30 09:18 AM | Reply


Yet the entire country has prospered off of this, both Dems and Reps alike.

#9 | Posted by humtake at 2020

Ah, a new meme from Trump Meme Central.

Not everyone is a barbarian.

As much as you need them to be now.

#10 | Posted by Zed at 2020-04-30 10:39 AM | Reply | Newsworthy 1

Yet the entire country has prospered off of this, both Dems and Reps alike.

You need to get out more and see for yourself instead of believing the garbage being fed to you.

It's sad to see how bad Dems are with understanding how our economy works.

And yet you can reliably peg every dip in ever economic indicator graph in the last 50 years to a GOP POTUS. Moron.

ALL evidence points to the fact that neither side cares or one of the parties would have done something about it decades ago, if not over a century ago. Since the evidence proves it and your statement is just an uneducated opinion, why even make the comment? Oh, yeah, you just have to parrot partisan hate for your ego like all the rest.

#9 | POSTED BY HUMTAKE

Bothsiderism. Lame.

And not remotely true. THAT is what the evidence proves.

#11 | Posted by jpw at 2020-04-30 12:05 PM | Reply

Waste,fraud, and abuse of legal systems is why the whole Earth is collapsing environmentally.
Sustainable development is important not only because of the "prosperity" it "creates" but also because not everyone is a short sighted dead ender who wants to EAT the future.

Some of us want to leave more than we take.
Some of us care about the Earth and other species.

,,, Not everyone is a selfish greedy TURD!

#12 | Posted by Effeteposer at 2020-04-30 01:08 PM | Reply

"It's sad to see how bad Dems are with understanding how our economy works."

Sad indeed. Sad that don't even seem to know that these Dems you speak of are not in charge of the "economy". Or Congress. Or the White House. Or the Supreme Court.

#13 | Posted by donnerboy at 2020-04-30 01:45 PM | Reply

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