Quote from: perfect999 on August 01, 2020, 06:43:11 AM

Quote from: ramon.reyes on July 26, 2020, 02:59:33 PM

As detailed in below article, US unemployment rate is right now worse than The Great Recession, which officially lasted from December 2007 to June 2009.

Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession

Also makes me wonder how China never faced these problems because they were the first victim of covid-19 and they should be shattered by now but instead they are only ones who look positive towards normality, because USA was considered to have the biggest and best economy and if they dropping like that, what is the real reason behind other economies not falling as much. I know everyone is going through worst times but how come US being the worst hit nation when they have even offered schemes to pay citizens a fixed amount, I am sure there was a bill or something like that.

The way US has been ruined by this pandemic makes me wonder is actually US had a solid economy or they just hide their vulnerabilities to make themselves look strong. I also think some poor decision making is also responsible for the fall of economy though.

There are simply too many factors to enumerate, however the response to the pandemic that the United States has implemented has been very troubling, even if the pandemic started in China the response of the government was decisive, massive testing and massive restriction of movement of their citizens, since China is not really a democratic country their citizens are used to this behaviour from their government and in this case did was an advantage, but in the case of the United States their citizens are used to be given as much freedom as they want and many simply did not observed the precautions necessary to stop the expansion of the pandemic and that is why they had been hit so hard by it.