First Quarter GDP Drops 4.8% Amid COVID-19 Shutdown…

The Bureau of Economic Analysis (BEA) released the first quarter Gross Domestic Product (GDP) advanced estimate and the result is a 4.8% decline in economic activity. [BEA Here]

The revised fourth quarter GDP shows the economy was growing at 2.1 percent prior to the COVID-19 shutdown.  The severity of the change in GDP reflects a severe drop in consumer spending, essentially bringing the economy to a halt in March as the entire nation went into lock-down.  As the BEA explains:

The decline in first quarter GDP was, in part, due to the response to the spread of COVID-19, as governments issued “stay-at-home” orders in March. This led to rapid changes in demand, as businesses and schools switched to remote work or canceled operations, and consumers canceled, restricted, or redirected their spending.

The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the first quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified. (more)

Digging down into the details the data shows what we all have seen.  There is some specific data that is noteworthy in the tables.

Consumer spending on food purchased for consumption at home jumped a remarkable 57.4 percent over the prior quarter [Table 3, line 10].  That stunning increase shows how much people started shopping at supermarkets; and keep in mind the increase only really started in the last month of the quarter (March).

Second quarter spending on durable goods dropped 77.3 percent compared to durable good purchases in the fourth quarter of 2019 [Table 3, line 4], and purchases of motor vehicles dropped 53.3 percent.

Despite the overall bad news, there is some more optimistic data.  While the export of goods dropped 1.2 percent, the import of goods dropped 11.4 percent [Table 1, line 20]. The net impact was positive for our GDP growth at +1.30 percent [Table 2, line 43].

The Import/Export dynamic is following a slightly longer term trend and indicates overall GDP is benefiting from expanded production in the U.S. and decreased purchasing of goods from overseas.  The primary contributors to this domestic economic gain appear to be coming from increased energy exports; a return of durable good manufacturing; and specifically increased investment in North American auto manufacturing.

Further, when we consider that: (1) Boeing was essentially shut-down in Q4 2019 and Q1 2020; and (2) China was not purchasing agriculture products; the net GDP growth in the import/export equation is strong and will likely only get stronger once we restart the economy.  Bottom line: as a nation we appear to be on a track to much less dependence on foreign products.

It does not seem coincidental this part of the economic shift is happening as the USMCA was ratified and corporations are re-evaluating the best location for future investment.  The U.S. stock market appears to be taking note of this investment trend-line.

Current‑dollar GDP decreased 3.5 percent, or $191.2 billion, in the first quarter to a level of $21.54 trillion. In the fourth quarter, GDP increased 3.5 percent, or $186.6 billion (tables 1 and 3). (link)

The data is troubling… behind the data are real people, real lives, real workers, real families; and it is challenging to remain optimistic amid all of the economic turmoil created by the COVID-19 pandemic and economic shut-down.  However, there is hope in the underlying data… once we get beyond this challenge.

Keep strong.  Keep faithful.  Keep optimistic.  Remain kind.

Take care of yourself and your family.

Live your best life.

You’re worth it.

This entry was posted in Big Government, Big Stupid Government, CDC, Coronavirus, Donald Trump, Economy, Infectious Disease, Legislation, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

140 Responses to First Quarter GDP Drops 4.8% Amid COVID-19 Shutdown…

  1. Dorothea Brooke says:

    Totally caused by China. They were seriously getting even with PDJT.

    Liked by 7 people

    • tax2much says:

      On the bright side, we’ll never run out of ventilators.

      Liked by 18 people

      • Bill Durham says:

        I believe this was an intentional bioweapon. This is a big issue as it appears Xi is not a rational actor. Nor is the CCP. That is disturbing. The CCP believed we are in a trade war. They can’t rationally separate a trade war from an economic, biochemical, or conventional war. War is a war. That means that Trump must respond to dissuade them from this notion. Trump must respond in a way that the CCP is not anticipating. This is why people are blaming China for an “accident” at the Wuhan lab and not a bioweapon. Mitch and Nancy still want to do business with them. I believe Trump will now start the economic war. He currency and silk road. How will China respond. Will China surrender by removing Xi or will they move to conventional war in Taiwan Guam and Hong Kong and seize countries. Dangerous games.

        Liked by 6 people

        • Snellvillebob says:

          Also, our fake news is complicit with China for killing Americans. They most likely knew what was happening in China, and censored it. They knew if it became a pandemic, they would sell more ads. Obvious evidence includes changing the name from Wuhan flu or Chinese flu to convid-19.

          Liked by 3 people

        • redline says:

          I believe it was purely a terror weapon.

          I believe the Chinese knew it was incapable of killing more than a few hundred thousand worldwide. Americans? At most, maybe a hundred thousand, probably half that, SARS-CoV-2 was likely selected for that very trait of relative ineffectiveness.

          But the CCP, together with their allies – sympathizers and owned properties in the western media, and the entire dnc, and the UniParty faction (majority?) of the GOP, also knew they had among their resources the ability to create the global equivalent of a fire alarm in a crowded theater.

          All four actors, working together, knew they could count on a panicked American populace to allow the democrat-held bureaucracies of America’s corrupt institutions to exploit this opportunity, and to pursue the economic destruction of our resurgent America for which they had all longed since President Trump’s election.

          They just needed to use our fear against us.

          Liked by 4 people

          • swissik says:

            They were successful with the fear. Look how many people are cowering in their dwellings all across the nation.

            Liked by 3 people

          • bearsgrrr says:

            Agreed. Look at Event 201. They know viruses mutate every year, so even if it wasn’t “created” they had a plan to use a virus to accomplish their goals. Never let a crises go to waste. Create a crises if needed.

            Like

      • Sherri Young says:

        The US can distribute the surplus to other nations as part of our foreign aid. Ventilators are less fungible than discretionary funds. Ventilators would be pretty obvious in open auctions. Sure, corrupt officials can try to corral the ventilators and further distribute them to “preferred” facilities for the “proper show of appreciation.” However, ventilators given to Mexico could be disproportionately valuable if carefully handled. These are the types of goods that the cartels like to control in order to build esteem and loyalty among the citizenry. Ventilators are not like road building equipment or cement that would easily blend into the landscape.

        Personally, I am happy that the US has over-produced ventilators. They will be good trading cards and will help out the corrupt.

        Like

      • fangdog says:

        Like running water, every home in America will have a ventilator.

        Like

      • Landslide says:

        Or tests.

        Like

      • JUST IN!
        While trying to restart his business man dies of COVID in meth lab explosion….. !

        Liked by 2 people

    • bertdilbert says:

      Some argue it will be a V recovery, others say a U recovery. Personally, I think it is going to be a boomerang recovery.

      Liked by 6 people

    • Deplorably Bonnie Blue says:

      China and allies (deep state, globalists)

      Liked by 2 people

    • Jason Ross says:

      Happen literally while the Chinese were signing a peace treaty ending the trade war.

      They out-Japan’d Japan during Pearl Harbor.

      Like

    • littleanniefannie says:

      Don’t let the Chinese co-conspirators off the hook. Chinatown Nancy, Shanghai Schumer, and the rest of The Democrat enablers succeeded in turning the good done since Trump’s election into a negative. After Russia collusion evaporated in a cloud of lies, Ukrainegate exploded in their face and the impeachment fiasco made idiots of the idiots, the only thing they could do was work with Soros and Xi to bring the entire world to its knees. Alas, people with half a brain see right through their lunacy!

      Liked by 1 person

    • trapper says:

      I must respectfully disagree. China has been working on this virus con for a long time. Their scientist formulating the viruses in NC was shut down by the US in 2014. It goes back well before that. Trump maybe just made them move up their timetable a bit.

      Like

    • Johnny Andrew says:

      Hey Genius – Trump shut down the Greatest Economy “EVA”.
      And now we enter the unknown ripple effect and stagflation.
      It may make the “Great Depression” look like a growth period!

      Like

      • trialbytruth says:

        Well we Agree he is a genius and that he built the best economy ever.

        Good news for you the economy is.still stronger And Gdp is higher then when he took over. We essential lost two months of GDP gains in the first quarter. Fortunately we have 36 month of GDP growth to balance it against.

        To qoute a great American

        “The Great Country of The United States Isn’t Broken”

        Liked by 5 people

      • I stopped reading at the azwhole tell of “hey genius.”

        Liked by 2 people

    • Green Bucket says:

      China will lose in the long run though. Once companies have pulled all manufacturing out of China all those workers that aren’t working will still need to eat. Difficult times are coming. Maybe it will inspire the Chinese people to finally get rid of Communism.

      Like

    • US says:

      The Chinese Coronavirus has four short insertions of amino acids that are identical to HIV. The White House was worried about this already on February 3rd.

      Click to access OSTP%20Coronavirus%20Request%20to%20NASEM_02.06.2020.pdf

      One possibility is that the CCP was pursuing a medical triumph by designing a live virus HIV vaccine rather than a bioweapon. If they inoculated people in Wuhan and the virus escaped, this could explain the inexplicable declaration by the W.H.O. that the virus was not transmitted from human to human. If this was a vaccine attempt, then Fauci and Bill Gates will have achieved their dream: herd immunity to HIV.

      Liked by 1 person

    • Bruce Fauth says:

      Is that a picture of John Galt?

      Liked by 1 person

    • YeahYouRight says:

      Agreed. Question… Where was our intelligence apparatus? Shouldn’t someone have been able to identify the conditions on the ground early enough to close down travel from China into the US and our allies? This is, indeed, a war. Unless otherwise demonstrated, they blew it.

      Liked by 1 person

      • truthseeker39525 says:

        My understanding is that the US intelligence networks in China were betrayed and exposed by deliberately sloppy handling of intelligence information by Obama and the HildeBeast. (Obama received his Presidents Daily Briefing via a ‘Tablet’, then he forwarded the briefing to something like 30 people. Presumably one of these was the HildeBeast, who received her emails via her ‘private server’…. which was hacked by EVERY foreign intelligence service on the planet. So… EVERYONE- Including the ChiComs got Obama’s PDB every day. ) Once the ChiComs had the information, they were able to determine the sources and roll up the US networks, murdering the agents.
        Obama’s deliberate exposure of intelligence data also crippled any future US attempts at recruiting agents. If YOU were in a country with a government hostile to the US, would YOU agree to collect intelligence for the US, even with President Trump in office, if you knew that at the next election, an Obama, a HildeBeast, a Crazy Bernie, or perhaps even a Quid-Pro Joe would be handling information that put YOUR life at risk?

        Liked by 1 person

    • MostlyRight says:

      Trump Admin 2.0 will have no more reason to pretend to play nice with the CCP, and they’ve pissed off about 185 other countries too.

      Liked by 2 people

    • Yes, China played a major role.

      But so did Soros/Gates/media/Big Pharma/CDC/NIH/FDA, etc.

      Like

  2. frankmystery says:

    Well at least the large politically connected businesses got to stay open and reap incredible profits!

    /s

    Liked by 7 people

    • Bill Durham says:

      In an odd way the Trump boomerang is coming. We had been slowing down and could have slipped into a mild recession anyway. Instead everything gets shutdown, a recession is obscured by the pandemic, and there could be a strong rebound based on optimistic views that we beat a virus. If consumers spend and are confident, we could have merely been on a 6 week vacation. What is odd is that the stock market is at 24,667 from 19,000. It’s only 20% from the all time high. And the market is a 6 month indicator. It’s not predicting recession. Could the pandemic and Doom and gloom lead to a rebound??? Are we already rebounding????

      Liked by 6 people

      • Sherri Young says:

        Since the stock market is forward-looking, this shutdown has given the market a reset. Today, it looks like the market has decided that this drop is in the rear view mirror and a return to normal should be expected.

        Plus, the Fed won’t get in the way.

        https://www.federalreserve.gov/newsevents/pressreleases/monetary20200429a.htm

        Liked by 1 person

        • Mary says:

          Yeah, the market “has decided” with $3 trillion of fake Federal Reserve money buying US equities to help the market decide. Funny how $3 trillion in fiat money helps the “free market”.

          Like

      • trapper says:

        Whatever they throw at him he absorbs and it makes him stronger. Owning the downside.
        Not his first rodeos.

        Like

      • Johnny Andrews says:

        Hey Genius,
        Ans your prediction is based on what? It’s called a “Dead Cat” bounce, and not over yet.
        We have never had a US economic destruction as this mess. Yes, we have a strong dollar.
        But at best – by MAY the current DJIA will retest the MAR 2020 low or move lower, then it with stagflation DJIA will move sideways into 2032. Then the world currency is China’s!

        Like

      • Eaglet says:

        I like the way you think.

        Like

      • frankmystery says:

        I guess it depends on when our freedom is restored. I know I can’t go spend until they open up again, not that I have a dime to spend as this while thing majorly setback my business. I believe we’ll rebound quickly as far as most metrics are concerned but many sectors will be hurting that won’t get media coverage. Most independent contractors I know like myself are in bad shape.

        Like

      • truthseeker39525 says:

        I know that my own collection of stocks has rebounded a little over halfway, from the low point a couple of weeks ago, back toward where they were before the big tumble.
        I looked around, found a company that was solid and growing before the WuFlu kicked them waaaay down, and bought a modest amount of stock. I figure in a year we’ll be back to normal and the stock will be worth 6 or 7 times what I paid for it.

        Like

  3. Han Solo says:

    Appreciate the analysis and positive messages….good to hear them when while my cold, hard anger seethes at all that is going on.

    Liked by 5 people

  4. UberRight says:

    Mike Rowe would be a nice candidate for the Presidential Medal of Freedom.

    Liked by 13 people

  5. convert says:

    Someone on Twitter said this report was an error and called for it to be pulled?? Said drop of 4%+ was annualized, not quarterly.?

    Liked by 1 person

    • Will says:

      It’s correct. The link to the BEA is here (which SD also provided up top):

      https://www.bea.gov/news/2020/gross-domestic-product-1st-quarter-2020-advance-estimate

      Current‑dollar GDP decreased 3.5 percent, or $191.2 billion, in the first quarter to a level of $21.54 trillion. In the fourth quarter, GDP increased 3.5 percent, or $186.6 billion (tables 1 and 3).

      The price index for gross domestic purchases increased 1.6 percent in the first quarter, compared with an increase of 1.4 percent in the fourth quarter (table 4). The PCE price index increased 1.3 percent, compared with an increase of 1.4 percent. Excluding food and energy prices, the PCE price index increased 1.8 percent, compared with an increase of 1.3 percent.

      Like

    • surakvulcan says:

      Sadly, we go through this discussion once every three months, because the media are too lazy to explain what the “GDP” number means. Maybe they are too stupid to understand, but always spin it so “orange man bad”!

      The number that is reported is this: real GDP (meaning GDP adjusted for inflation) compounded annual rate of change.

      In other words… if real GDP were to undergo the same percentage change as the current quarter for four consecutive quarters (one year), by how much of a percentage would overall real GDP have changed?

      It does not signify the amount that real GDP has changed this quarter (that is the most frequent mistake), and it does not say anything about nominal (not inflation adjusted) GDP (the second most frequent mistake), and it does not signify the amount that real GDP has changed since a year ago.

      Liked by 1 person

      • surakvulcan says:

        My calculator tells me that today’s number corresponds to a contraction of about 1.22% in real GDP in the first quarter. Real GDP at the end of the quarter was about 98.78% as large as it was at the beginning of the quarter. Raise .9878 to the 4th power (4 quarters), and you get .952, which is 4.8% less than 1. That’s the reasoning.

        Liked by 3 people

      • technoaesthete says:

        Are the media too lazy or too stupid to understand and explain economic issues? I vote for too stupid. The owners of the media companies don’t want their reporters or TV anchors to be smart enough to figure out that they are being used. JMHO.

        Like

  6. Uncle Max says:

    The reaction to the virus domestically….. Does anyone actually think if Hillary was President, Fauci and Blix would have demanded a shutdown of the economy 9 months before a Presidential election?? And does anyone think Hillary and Democrats would have agreed to it? Oh hell no, on both questions.

    Liked by 6 people

    • butch cassidy says:

      Are you kidding? Hillary and the dems having a chance to control how the masses live hour to hour day to day? She’d have kept the country closed until after the election, got voting by mail approved and that would have been the end of the United States. The dems live for these type of crisis, and we just might find out down the road they had a hand in it.

      Liked by 3 people

      • YeahYouRight says:

        She was explicit and positively giddy about using the current (and any) crisis to their advantage in her video with Sleepy Fondling Joe, who looked to be actually asleep or petting his leg hair on the split screen. She would absolutely have jumped at the chance to shut down! Federalism be damned!

        Like

  7. donnyvee says:

    There is a major reset coming for government employees and their pensions including those presently collecting a government pension.

    Liked by 5 people

    • nojuanimportante says:

      Doubtful. Too many of them and they have been promised, contractually. Future government workers will pay the price

      Liked by 2 people

    • BoreMole says:

      The reset will be on your taxes, not their benefits.

      Liked by 5 people

    • Sherri Young says:

      IIRC, that pension fund is the pot of accounting happiness from which the government shifts “money” when they need short-term liquidity.

      Like

    • Nan says:

      It NEEDS to happen. And that includes the military.

      Nobody wants to touch this issue but we really need to. No federal employee of any kind should be able to draw their pension before 60 or 65. Nobody should be able to hold one federal job while collecting a pension on a previous job (yes this happens). Pensions should be transitioned into a fully or mostly 401k model. And public sector unions should be banned, or at the very least, not allowed to lobby.

      Liked by 3 people

      • William Wallace says:

        Why the military pensions? The DOD has already shifted to mainly a 401K type pension for new accessions. Also the military personnel, like myself, have toiled for 20+ years doing jobs that others can’t or won’t do while sacrificing normal family life, physical health, and life expectancy for the defense of the Constitution. I can’t count the number of birthdays and holidays I’ve missed or the how many 120 hour in port work weeks or the months without a day off or working 20+ hours per day on less than 4 hours sleep for months on end while underway. Scrapping military pensions? Hard pass.

        Liked by 1 person

    • YeahYouRight says:

      Ah, sweet Donny! That’s adorable! When hell freezes over will that reset happen!

      Cuomo, I believe, attempted that reset by requiring WuFlu patients be sent/accepted without question to nursing homes. Ca me cynical.

      Like

  8. Vince says:

    When we entered the great depression, we were still a horse drawn economy. We left the depression an automobile economy. When we entered the coronacrisis, we were still globalist. All the MAGA trade deals were still mostly on paper. But we will exit the coronacrisis fully MAGA.

    Liked by 14 people

    • Jerry D. Mitchell says:

      Thats what I have been thinking. This is a reset.

      Liked by 3 people

    • BoreMole says:

      IMO that relies heavily on Trump being re-elected, which is by no means a done deal. The globalists have accomplished their mission beyond their wildest dreams to bring chaos to the economy, so far.

      Liked by 1 person

      • UncleGrumpy says:

        The globalists have manged to awaken the sleeping giant. This does not end well for them.

        Liked by 3 people

        • swissik says:

          I agree with BoreMole and disagree with you UncleGrumpy, sorry. The sleeping giant is at best in a coma and at worst, dead!

          Like

      • YeahYouRight says:

        Reset/reelection in question until Trimp FOLLOWS THROUGH ON HIS PROMISE on guest workers in the coming unemployment crisis!

        He needs to nut up and sign a real executive order to shut down all those cheap imported labor programs.

        No other issue enjoys such bipartisan support!

        Like

    • Frank P says:

      Of course the Great Depression lasted from 1929 to 1945/46. And we fought a world war during that time. . Yes, we will exit but it could be many years and much pain.

      Especially if Trump loses in November. . .

      Like

  9. Fools Gold says:

    President Trump has fueled the economic rocket and its very close to launch and will be flying higher than ever again. Be patient and kind, and especially be kind with your spending locally to help local employees who are showing up to work!

    Liked by 7 people

  10. Important to remember: A recession is defined as 2 consecutive quarters of negative growth. Don’t let the commies in the media fool you as to what the definition of a recession “Is now”. They lie.

    Liked by 7 people

  11. nojuanimportante says:

    One optimistic way to consider these numbers: what if there had been a sudden recession going into the election season? Now it doesn’t matter, it is completely hidden by the pandemic.

    Liked by 1 person

  12. Sherri Young says:

    Just wait until the hair, nail, and massage salons open again. There may be socially distanced lines around the block. Expect gift cards for spas to zoom. A 1/2 day at the spa for a stressed out mother? Yeah, those will sell.

    Liked by 3 people

  13. sundance says:

    Liked by 15 people

    • Yes. Mayo Clinic announced 30,000 in layoffs and/or pay cuts. Arguably the healthcare industry has taken one of the biggest hits. In a 9 county, 13 hospital area of Wisconsin there are 5 hospitalized Wuhan Virus patients, none in the ICU since April 10th, yet no elective surgeries, no physical therapy, rehab shut, annual checkups cancelled, etc.

      Liked by 2 people

    • Fools Gold says:

      I hope all Dr’s. got a full refund on their liability insurance cost! Haven’t heard about it have you?

      Like

      • Fools Gold says:

        By the way my wife will finally get a cataract removed on the 20th here in my county Tn. I’ll be sure to ask the Doc.

        Like

        • L4grasshopper says:

          Also in TN….our doctor CALLED US yesterday to get us on her schedule for annual physical exams this Summer. Williamson County 🙂

          Like

    • Deplorable_Infidel says:

      “It’s a strange reality that in the midst of a pandemic, we have a healthcare-led recession.”

      Thank the Governors. How does my BFF’s canceled gastroscopy and colonoscopy, that was scheduled to be done in a Health Clinic setting – not a hospital, have to do with caring for Wuhan virus patients in a hospital?

      I need a major operation in a hospital, so I can see my procedure being cancelled because I have been told that I can wait a few months.

      Like

      • littleanniefannie says:

        Dr. Fauci

        Liked by 1 person

      • Deplorable_Infidel says:

        “a healthcare-led recession.”

        “…The “elective” surgeries we can no longer perform are not “optional.” They are important surgeries that need to be done. “Elective” only implies a surgery can be timed conveniently for the patient. Examples include a biopsy for cancer, or an operation on a diseased organ. Delaying these procedures risks the long-term health of patients.

        We expect many of these patients to disappear from our practice, becoming what we call “lost to follow-up.” This means that despite our attempts to get them back into our office, contacting them becomes impossible for any number of reasons. Many of them will resurface later — when their problem is more serious or even irreparable.

        Meanwhile, patients with less serious problems have stopped coming in to see us, thereby putting themselves in grave danger of future harm. They have been frightened to the point of believing the risk of COVID-19 exceeds the danger of not treating new or chronic medical problems….”

        https://thefederalist.com/2020/04/29/how-coronavirus-shutdowns-are-killing-americas-health-care-system/

        Liked by 4 people

      • Vince says:

        Thank the Chinese too. Their daigou snapped up every mask and PPE in the west early on, leaving us with little medical supplies. Healthcare had to be rationed.

        Liked by 1 person

    • Sherri Young says:

      Wow. The healthcare sector is the part where we should be able to expect a screaming rebound. Very good to know.

      Like

    • KBR says:

      How many physicians do you know who did NOT attend a brainwash/commie/uni?
      How many do you know that are OPENLY Trump supporters?

      They were willing to jump on the Wuhan bandwagon. I often think NONE of them have enough understanding of viruses to know better, especially after the extremely flawed data came out, because I think they have been well indoctrinated and poorly educated. But those who know darn well that their patients DID NOT die of Wuhan knew way before the skewed statistics were published. And apparently approved of the lies.

      I hope clinic after clinic goes under as fearful patients decide that elective surgery that is truly not required surgery will be cancelled. I hope patients that feel well without their constant repeat scheduled-by-the-doctors visits decide not to continue those.

      During/after the “great depression” people who could not afford doctors anymore during it, and lived to tell the tale, decided not to go after it. My great grandmother always said “hospitals are where people go to die.”

      Turns out, in NYC and probably in other states as well, during Wuhanflu, hospitals really have become “places where people go to die (or to be murdered) and also “places where people go to get infected.”

      I don’t think hospitals/drs/corporations will be able to boomerang quickly after scaring so many so badly. Non-patients could not even enter with critical patient spouses, children. People will take a while to believe the “germs are really gone.”

      Well. The hospitals and the physicians (and mostly their corporate owners) shot themselves in the foot this time. And the longer the shutdown lasts, the more the foot festers.

      Liked by 2 people

    • Skeeball says:

      Wow, what surprise. Not really, this was by design.

      1. Prevent hospitals and doctors from providing procedures in anticipation of an overwhelming influx of COVID patients.
      2. Hospitals and doctors are now stressed financially with the possibility of ruin.
      3. Enter the Center for Medicare Services to offer 13k per COVID admission and 39k per patient put on a ventilator. A huge financial windfall for desperate providers.
      4. A majority of patients put on ventilators eventually die, possibly from the ventilator.
      5. Hospitals and doctors are essentially coerced by CMS to inflate the number of patients both infected and killed by COVID.

      BAMN, they’re honest about that.

      Liked by 1 person

    • Observer says:

      Almost as if that was a goal.
      I’m guessing the ‘solution’ is to nationalize ‘healthcare’.

      Liked by 1 person

  14. adam says:

    The sick people who are pushing this panic and wrecking our livelihoods did it and and continue doing it because they’re not afraid of us. They hide in their apparent anonymity and behind their minions and we tolerantly remain quiet.

    Our governments are supposed to protect us — all of us … EQUALLY, but they don’t.

    They’re not scared of us. Let that sink in.

    Liked by 3 people

    • Deplorable_Infidel says:

      “The sick people who are pushing this panic and wrecking our livelihoods did it and and continue doing it because they’re not afraid of us.”

      I put many (not all) of the people at the CDC on this list.
      All these signs with Executive Order restrictions cite the CDC as if they were God.

      The latest dung to cone outof there is dealing with pets now. IMO, the CDC is just as corrupt part of “the swamp” as the DOJ.

      Liked by 3 people

      • botchedcasuality says:

        Deplorable infidel,
        By sick people I take that to mean our Legislators, still drawing pay from the time Taxpayers?

        Like

    • Ploni says:

      True words

      Like

  15. nojuanimportante says:

    Talked to a businessman I know that owns a gym that has been closed two months. He knows its political. Everyone does

    Liked by 6 people

  16. Deplorable_Infidel says:

    “The second set of governors, those who are extending their lockdown orders, are coming off as… not so reasonable. California Gov. Gavin Newsom said Monday he was still weeks away from making “measurable and meaningful changes” to his statewide stay-at-home order.

    Newsom’s decision about reopening the country’s most populous state, he said, would be driven by data and “behavior”—and the behavior he saw over the weekend, with crowds of people gathering at Ventura and Orange County beaches, is just the sort of thing that will delay reopening. “We can’t see the images like we saw, particularly on Saturday in Newport Beach and elsewhere, in the state of California.”

    https://thefederalist.com/2020/04/29/some-governors-are-getting-serious-about-the-cost-of-coronavirus-lockdowns-some-arent/

    Like

    • Deplorably Bonnie Blue says:

      That shaming of the OC beaches was a lie! AND, he said you didn’t see pictures like that of San Diego, Los Angeles and San Mateo county beaches – he didn’t bother to mention those beaches were all CLOSED. That was pure political hackery. OC is the conservative county, hence the shaming.

      Liked by 3 people

    • John Denney says:

      Opening should not be up to the President or governors, but county or municipal authorities.

      California, e.g., has a hotspot in Long Beach. Should that mean a podunk little town in northern California should be closed???

      Like

      • Maquis says:

        Federalism properly understood accords great deference to the smallest of jurisdictions.

        Powers remaining in the hands of the state are not the sole province of the heads of those states.

        Like

      • Magabear says:

        For what it’s worth, I sent just that idea to the Whitehouse.gov site. Let the county commissioners decide what to do and bypass the Maoist governors. This would be a great way for PDJT to break the gridlock imposed by those Potentates.

        Liked by 1 person

    • swissik says:

      I am in CA and I can barely remain civil about this Mao that is the governor. Power went to his head and the hair gel must have penetrated into the brain. He is acting like the Michigan Bitchigan, doubling down on these “scofflaws”. Who do they think they are defying? The future president of the USA?

      Liked by 1 person

  17. Tony D. says:

    Since you said “Keep strong. Keep faithful. Keep optimistic. Remain kind.
    Take care of yourself and your family.
    Live your best life.
    You’re worth it.” it reminded me of Desiderata and I would love to share!
    https://www.desiderata.com/desiderata.html

    Take kindly the counsel of the years, gracefully surrendering the things of youth.

    Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with dark imaginings. Many fears are born of fatigue and loneliness.

    Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe no less than the trees and the stars; you have a right to be here.

    And whether or not it is clear to you, no doubt the universe is unfolding as it should. Therefore be at peace with God, whatever you conceive Him to be. And whatever your labors and aspirations, in the noisy confusion of life, keep peace in your soul. With all its sham, drudgery and broken dreams, it is still a beautiful world. Be cheerful. Strive to be happy.

    Like

  18. James Street says:

    A little perspective from out West:
    – 7,615,000 Washington state population
    – 765 Washington state coronavirus deaths

    Liked by 1 person

  19. mauiis says:

    After years of intellectual/moral ‘domestication’ by our ministries of education and entertainment, our leaders have confined us to their maze … and are taking notes.

    Most citizens have obediently submitted. Time for massive civil disobedience, time to stop government over-reach or get used to our lives as lab rats. Again, our overlords are taking notes.

    Zero reason anymore for this lock-down.

    Do something, take action or get used to the maze.

    Bitching alone ain’t enough. I wondered why FB allowed some anti-lockdown groups such as Reopen California, then it hit me, allow the wild rats room to squeal (just an analogy, except to those “taking notes”) and vent pent-up anger; contain the outrage to the online world and avoid the physical confrontation of a free people, a confrontation that didn’t end well for the oppressors’ of 1776.

    “Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, ”

    “from the –consent– of the governed,”

    The Declaration of Independence … it still applies.

    Liked by 4 people

    • Tyshab says:

      “allow the wild rats room to squeal (just an analogy, except to those “taking notes”) and vent pent-up anger; contain the outrage to the online world and avoid the physical confrontation”. This is key….the dissipation/draining of anger, unease, and fear has a huge impact on our motivation to act. We go—-easily subdued by our addictions to online activities and those of the physical world—- willingly to subjugation. Fighting for liberty is just too time consuming, too risky, too messy….back to social media, Netflix, gaming…..ahhh…that’s better.

      Liked by 5 people

  20. Ploni says:

    ”I love it!”
    — Hillary Rodham Clinton

    Liked by 1 person

  21. Jason Ross says:

    Right now in china, some subterranean war room has a giant clock with a banner above it reading “US MUST STAY IN LOCKDOWN UNTIL 3 NOVEMBER”

    Just like the clock in the war room in the film Battle of the Bulge.

    Right now, English-speaking agents of China are sending out lockdown mandates, creating confusion behind the lines and hampering the MAGA economy. Just like the logistical supply lines in the film Battle of the Bulge.

    Like

  22. Magabear says:

    The stock market is doing surprisingly well considering the financial jolt we’re experiencing. So there’s that at least.

    Like

    • shacklesandchains says:

      The big boys had TRILLIONS of dollars pumped into their accounts while the little guy got crumbs if that. Why shouldn’t the stock market rebound. The FED fed them while they starved the small businesses of America.

      Liked by 2 people

  23. Fromseatoshinningsea says:

    The was an act of war. On Dec 7 1941 we lost 5,000 sailors & part of our fleet, we retaliated. China has killed over 50,000 Americans and forced our economy into shut down. More will suffer, more will die. This is an act of war. In spite of the member of Congress, the media, and various sate governor mansions that are directly paid by the CCP we must retaliate.

    Seize Chinese owned properties & assets here in the US above a certain threshold (PDJT defines this); including the CA ports & pension funds. Reclassify their trade status to hostile. Re-set the debt to China based on the damage including human wrongful death. Order US owned companies out of China providing an deadline and penalty. Publish the list of US elected officials who have received Chinese donations.

    They murdered 50,000 Americans. That’s 50,000 Americans who would still be with us if China didn’t execute a bioweapon act of war.

    When Ike threatened Communist China:
    https://www.warhistoryonline.com/war-articles/eisenhower-threatened-china-nuclear-destruction.html

    Liked by 1 person

  24. Merkin Muffley says:

    Of course the media will call it the “Trump Recession”.

    Like

  25. Ausonius says:

    Concerning the Economic Toll and its connection to the Social/Psychological Toll: “I’ve Lost My Faith in Humanity” by Jeffrey Tucker

    “…I’ve read in F.A.Hayek when he noted that the most horrible toll of wartime statism was psychological, “an alteration in the character of the people.” He describes the feeling of being treated like a cog in a machine and how that leaves us all feeling thoroughly dehumanized. I’ve noticed this happening to friends of mine, who in these awful Zoom hangouts we have suddenly started breaking down into tears of desperation.

    And so I asked people… to tell their stories.:..

    …(By a suicidal depressive) ‘With the lockdown, it feels as though every step of progress as well as every healthy avenue of support was ripped from me via government fiat. Church, socializing, therapy/support groups, even the very outdoors were no longer at my disposal to help me in this time when I needed them most. …it’s an upward battle against the seemingly unending nature of the lockdowns, deep loss of control over my daily life, and the maddening sense that my freedom is not only subject to local despots but also the whims of the public who cheer on tyranny and shout down any suggestion of liberty. …

    (By a different correspondent) ‘I have been very concerned, saddened, and even angry over the past few weeks about the sudden loss of freedom. I’ve been even more concerned that it seems many people (on the conservative and liberal side) do not seem to care….a single virus has eroded our freedoms basically overnight. Not only is it wrong and unAmerican, it is even unconstitutional. I am scared for the future of the United States, but at the same time, I remain cautiously optimistic at this point. The backlash, complaints, rallys, and cries for freedom get louder and louder. We have a huge change of opinion in the public and people just take back their freedoms. Businesses open up, people go out, and politicians lose more power than they even thought possible. This psychologically is the ideal outcome. ..’.

    (By another writer) ‘It makes me feel hopeless. Like no matter what I do or create in life. At some point, government can just step in and take it all away. The incentive to be great has shattered. Why be great when your success can just be gone whenever government says so?

    See:

    https://www.aier.org/article/ive-lost-faith-in-humanity-the-psychological-toll-of-the-lockdown/

    Anecdotes, yes, but I sense that they are representative of too many of us. This psychological toll has not been properly addressed by the politicians, except for occasional lip service, which is useless.

    The author is skeptical that any prediction of a quick surge in the economy will be seen.

    Liked by 2 people

  26. Barry from Victoria says:

    On Vancouver Island between Jan 1 and April 24 official figures say we had 114 cases and 3 deaths from the virus. Median age 87. Although nobody is getting arrested for walking on the beach, most small businesses are closed. They closed the bars at 6pm on St. Patrick’s Day! Our food supply has had a few hiccups but has been mostly steady. Dairy and poultry production is local and the Fraser Valley is a farming powerhouse. But Victoria’s economy is heavily reliant on tourism. With many events cancelled, the ferry from Port Angeles not running, borders closed to foreigners, I don’t see how some of these businesses will survive. We have an extremely left wing council and they are only now beginning to realize that tax revenues are going to fall short of expectations. In other words they are idiots. For both our economy and yours it illustrates how important it is to keep certain industries decentralized, even if we have to pay a little more. I think we should look at this as an opportunity to do a reset, taking post war Japan and Germany as examples of what to do when entire industries are destroyed.

    Liked by 1 person

  27. Rix Six says:

    I’m seeing this as the beginning of a new challenging time for those of us that have worked in the private blue collar sector and have to rely on are own wherewithal for our golden years.

    I’m a capitalist, not a well to do one. As a matter of fact, I’m a blue collar capitalist with a meager savings, yet I’ve been buying beat down stocks in beat down sectors. I have confidence that they will recover from their lows and I’ll make a little money.

    I’m seeing inflation in our future, much like it was under Carter and Reagan. Back then US Treasury Bonds with 15 percent interest were available. If it happens again, I will sell all these stocks I’ve been buying and switch over to bonds. It may happen just in time for my retirement years. This is what I’m seeing in the future, right or wrong, I’m acting on it.

    Like

    • dayallaxeded says:

      Good on you for taking care of yourself and using your own smarts. However, the chances of seeing even high single digit interest on U.S. bonds is almost certainly nil, at least for the next 5 years or so. And believe me, you want it that way, if you’re in stocks now and if you want PDJT to have another term.

      Like

  28. John Denney says:

    I’m calling baloney on the GDP numbers.
    If all economic activity ceased for 1 month out of a year, that would be a 1/12 drop in production, which is 8.3% .
    The shutdown started right around St. Patrick’s Day, so if we assume that in the last 2 weeks of March there were zero production, that would be a drop for the year of 4.15%.
    But obviously, all production did not stop. Farms are still producing food and fiber, oil rigs and refineries still producing fluid energy, power plants producing electricity, etc.
    Home improvement stores are booming. Amazon is booming, as is the infrastructure that makes Amazon possible — credit card, cell phone, internet, and transportation companies.

    There’s 24 full oil tankers anchored off Los Angeles waiting to deliver, but storage facilities on land are full.

    Was it a bad thing for pioneers to have full granaries and barns as winter set in?

    We’ll be fine.

    My Dad used to see me laying around reading comic books as a teen, and he’d get all disgusted and say, “Make yourself useful!”
    It was annoying at the time, but in hindsight it’s really good advice.
    My 4 Pillars of Personal Prosperity, which apply to all people at all times, are:
    1) Can-do attitude
    2) Diligence
    3) Continuous Learning
    4) Trustworthiness
    All rooted in neighborly love.

    Carry on.

    Liked by 4 people

  29. Skeeball says:

    What a surprise. It’s a leftist mass hysteria recession based on fear and almost no science. Democrats will finally get the recession they’ve been slobbering over.

    Liked by 1 person

  30. bacillus says:

    The American people can deliver a painful punishment on China for all this by boycotting any goods made in China or assembled from parts made in China. We need better transparency in labeling, of course. No more of the “Made in U.S. from Imported Parts” or “Assembled in the USA” camouflage to hide Chinese products. Join with the Bernie Bros to pressure the FTC for the change. They are natural MAGA allies on this.

    Liked by 4 people

  31. Orson says:

    What does China do next? Well, I bet they are already doing it. Hint: Invest heavily and broadly in US companies while it is still a buyer’s market, then have influence on all facets of US life. Oh, and who will act as a third party investor to get around all this pesky FTC regulations. Enter Mr. Soros.

    Liked by 2 people

  32. MicD says:

    As soon as I saw that picture my eyes focused on the guys boots.
    I had a pair of Good boots for over twenty years, they were Sorrel Boots made in British Columbia.
    Christmas 2018 I was gifted a brand new pair of Sorrel Boots which have split open in several
    places and now leak.
    I checked Sorrel out and found they are Made (Destroyed) In China now.

    LL Bean Made in Maine will make my next boot.

    Liked by 1 person

    • Deplorable_Infidel says:

      “I had a pair of Good boots for over twenty years, they were Sorrel Boots made in British Columbia”

      I had mine for ~40, although many winters they were not used. They were a Christmas present from my mother in 1976. I suppose I should have investigated getting them resoled, but they were discarded about two or three years ago 😦

      Like

    • Magabear says:

      If it’s winter type boots your looking for, might want to check out Kamik boots. Canadian company out of Quebec but some of their boots are made in the USA. Bought a pair of pac boots from them 3 years ago and it hasn’t snowed enough here in PA to justify wearing them even once. 😒

      Like

  33. Zorro says:

    Welcome to The Great Repression ! America FUBAR.

    Liked by 1 person

  34. Nom de Blog says:

    GDP includes government spending. This topline number is misleading.

    Like

  35. snowshooze says:

    Gee…
    To think our Government figured out how to charge us 46.5 Billion Dollars, just to get the hell out of our way…
    This is theft. Insanity.

    Like

  36. kleen says:

    Heartbreaking! I know so many people who are unemployed.

    Like

  37. czarowniczy says:

    A 4.8% drop in an economy that was setting records for growth – the Democrats are so happy their changing underwear almost daily! Pelosi, Schumer and their little eromenos are maneuvering to keep the economy down going into the elections, their standard platform of misery and despondency gets a solid bump from unemployed people fearing empty pantries and the loss of their homes.

    Given the opportunity the Rat leadership would gladly usher in another More Greater Depression to grease the skids for another FDR (F*****g Democrat Radical). Our first Baathist of Color POtuS is history and unable to resume his throne to finish his dream of a neutered Amerika but there’s no shortage of America-haters in the Rat lineup. A 4.8% drop in the GDP, or as the Democrat elites would call it, ‘a good start!’.

    Like

  38. Trump2020 says:

    CCP Chi-comm regime needs to be held to account – repercussions must be severe…

    Like

  39. Sentient says:

    I see that Fauci touted Remdesivir AGAIN today. He started three months ago before it had had any trials for COVID. Exactly how much Gilead stock does he own ??????

    Other drugs like Tocilizumab have done at least as well in test, but Tocilizumab is generic.

    Like

  40. djohhn says:

    I know Bannon doesn’t enjoy high popularity here, but I’m beginning to think that may be he was right about shutting down the country for 30 days. At least the damage would have been pretty much defined, but then there wouldn’t be any excuse not to re-open the economy.

    Like

  41. ezgoer says:

    The real danger is that the U.S. vulnerability to a bio weapon attack has been exposed. You can bet all the bad actors have watched this.

    Like

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