TV News LIES

Tuesday, Aug 09th

Last update05:43:20 AM GMT

You are here News Economy New Report Finds Financial Crisis Cost Economy $12.8 Trillion

New Report Finds Financial Crisis Cost Economy $12.8 Trillion

E-mail Print PDF

Financial crisisThe U.S. is still struggling to claw out of the hole created by the Great Recession, the Wall Street-caused crisis that resulted in the loss of millions of jobs. According to a new report from Better Markets, a pro-financial reform organization, the crisis cost Americans about $12.8 trillion in lost economic output:

– Estimated actual gross domestic product (“GDP”) loss from 2008 to 2018, of $7.6 trillion. This is the cumulative difference between potential GDP — what GDP would have been but for the financial and economic crises– and actual and forecast GDP during the period.

More...


Most Recent Related Stories...


US Employers Add 528,000 Jobs, Defy Recession Fears

528K jobs added in July 2022Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs...

Drug company AbbVie used Trump tax law to shield profits, Senate report finds

AbbVie used Trump tax laws to hide profits Pharmaceutical giant AbbVie generates almost all of its sales in the United States but has allegedly...

Fed hikes interest rates another 75 basis points as recession warnings flash

Federal ReserveThe Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring...

Netflix lays off 300 employees in second round of mass job cuts

Netflix lays off 300 Netflix has laid off 300 employees in a second round of layoffs after letting go 150...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!