U.S. Unemployment Rate Could Rival Great Depression's: Trump Adviser
The U.S. economy is experiencing the “biggest negative shock” it has likely ever seen, with the country’s unemployment rate approaching the level last seen during the Great Depression, an economic adviser to President Donald Trump said Sunday.
“Make no mistake, it’s a really grave situation,” White House senior adviser Kevin Hassett said on ABC’s “This Week” when asked about the current economic outlook and Trump’s hope for a sharp, V-shaped recovery.
“We’re going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression,” he said. “During the Great Recession, remember that was the financial crisis around 2008, that we lost 8.7 million jobs in the whole thing. Right now we’re losing that many jobs about every 10 days. So the lift, the economic lift for policymakers is an extraordinary one,” he said.
https://www.huffpost.com/entry/kevin-hassett-us-economy-unemployment-depression_n_5ea593e0c5b6805f9ecede10
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My sarcasm didn't include that. You bet it will.
I think it is the lag that I was being hyperbolic about. I just recall a more immediate response to negatives in the market and now, it must really be getting something of value from the news and stimulus for he time being.
Ah, and stimulus. How nice that we can all ride on that generous, one-time check some of us may get any day now. I hear that you can get by ten whole weeks on it. 
Let's see, who spends the most money in total in the economy and who keeps it going? Hmm. Badgers? No, not badgers. Ah...
