Steve Munchin ( Treasury Secretary) told Trump the unemployment rate will reach 20%

[Anerdyblackguy]

Treasury Secretary warns US could see 20% unemployment rate due to coronavirus, source says

From CNN's Jeremy Diamond

Treasury Secretary Steven Mnuchin warned Republican senators Tuesday that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN.

Mnuchin's comments came as he urged Republican senators to act on economic stimulus measures totaling $1 trillion designed to avert that kind of worst case scenario.

In the same meeting, Mnuchin also said he is concerned the economic ramifications of the coronavirus pandemic could be worse than the 2008 financial crisis, the source said.

Mnuchin's comments, which were first reported by Bloomberg News, come amid a rising sense of urgency at the White House and on Capitol Hill to confront the increasingly serious threat of the coronavirus pandemic — on both the public health and economic fronts.

 

[JLova]

Shoulda told the prez to take shyt seriously when he was treating it like a cold.

 

[Calmye]

NK little surprise is killing us all.

 

[Calmye]

Shoulda told the prez to take shyt seriously when he was treating it like a cold.

This is all from the fear not the virus. People freaking the fukk out is causing all this.

 

[humminbird]

NK little surprise is killing us all.

Oh shoot I forgot kim jong said that

 

[desjardins]

They need to just stfu at this point.
Tomorrow morning the markets will crash again off this speculation and they'll have to give away another trillion dollars by Wednesday to "keep the economy afloat"
It's obvious a lot of people are going to get laid off, many already have essentially. Time to institute a temporary UBI so every one can stay in the house for the next 2-3 months and pay whatever rent/mortgage/loans are pending. Maybe even freeze all payments period so small businesses start at zero whenever things go back to normal

 

[Ohene]

They need to just stfu at this point.
Tomorrow morning the markets will crash again off this speculation and they'll have to give away another trillion dollars by Wednesday to "keep the economy afloat"
It's obvious a lot of people are going to get laid off, many already have essentially. Time to institute a temporary UBI so every one can stay in the house for the next 2-3 months and pay whatever rent/mortgage/loans are pending. Maybe even freeze all payments period so small businesses start at zero whenever things go back to normal

these guys are idiots
adding these dumb opinions and anecdotes isnt helping anything
just shut the fukk up unless its something positive or intel on how the problem will be fixed

 

[The Fade]

NK little surprise is killing us all.

Just remembered

 

[CodeBlaMeVi]

This is all from the fear not the virus. People freaking the fukk out is causing all this.

This but my sons mom made a good interesting point and it’s the fact of it’s an unknown. To add on, no one in office wants to get blamed for inaction. I don’t agree with it and find it stupid. The media has to brunt a lot of the blame for sensationalizing it. They literally created the hysteria for the sake of ratings now they’re destroying the economy and the healthcare system. The media literally has everyone running to the hospital with how they spooked everyone. I’m annoyed with this so ehh.

 

[MikelArteta]

all this does is insight fear and panic, the person who is a little sick going to worry about being laid off gonna go into work etc.

 

[JLova]

24 hr news cycle plus social media...recipe for disaster.

Also, millenials are a special breed of people. They give no fukks.

 

[Paper Boi]

i know multiple people who lost their job last week, so i'm not surprised.

 

[MikelArteta]

This but my sons mom made a good interesting point and it’s the fact of it’s an unknown. To add on, no one in office wants to get blamed for inaction. I don’t agree with it and find it stupid. The media has to brunt a lot of the blame for sensationalizing it. They literally created the hysteria for the sake of ratings now they’re destroying the economy and the healthcare system. The media literally has everyone running to the hospital with how they spooked everyone. I’m annoyed with this so ehh.

the media has you thinking that corona has a 97% death rate and only 3% recover

every day to get clicks they will have 1,000 more infections and 20 more deaths

nikkaz 21 with a cough and stuffy nose that they had every single year around this time when the weather changed but now they shook

 

[Burned Verses]

This is all from the fear not the virus. People freaking the fukk out is causing all this.

If your daddy president did his job no one would be freaking out.

 

[CodeBlaMeVi]

all this does is incite fear and panic, the person who is a little sick going to worry about being laid off gonna go into work etc.

Fixed