Mine Furor is both seeing how far people will let him talk about election delays without pushback and distracting from the astonishing but unsurprising economic contraction. We have to juggle more things than we have hands. That’s what juggling is.
The economy’s stunning contraction in the April-June quarter came as the viral outbreak pushed already struggling businesses to close for a second time in many parts of the country, sending unemployment surging to nearly 15%. The government’s estimate Thursday of the second-quarter fall in the gross domestic product was the sharpest such drop on records dating to 1947. The previous worst quarterly contraction, a 10% drop, occurred in 1958 during the Eisenhower administration.