> It is clearly not, otherwise that 4.8% would be a much bigger number. Hyperbole doesn't help here.
Uh buddy, you know the first quarter is January, Feb, March right? The country was in shutdown mode for maybe half of March at most. Extrapolate that out to the full quarter (ie multiply 5% by 6) and you get a 30% drop. And on top of that, in March many businesses were still trying to partially pay or at least remain in business on paper. That's all done, plus now we start getting secondary effects.
The Administration's mismanaging of this situation is one of the single most costly screw ups in our country's history.
Uh buddy, you know the first quarter is January, Feb, March right? The country was in shutdown mode for maybe half of March at most. Extrapolate that out to the full quarter (ie multiply 5% by 6) and you get a 30% drop. And on top of that, in March many businesses were still trying to partially pay or at least remain in business on paper. That's all done, plus now we start getting secondary effects.
The Administration's mismanaging of this situation is one of the single most costly screw ups in our country's history.