Another 5.25 million jobless claims filed in past week

That brings the cumulative total to over 22 million people having lost their job because of policymakers shutting down their economies over coronavirus fears that never materialized.

The true US unemployment rate is likely well over 20% now. These are levels last seen during the height of the Great Depression in the 1930s.

And none of this was necessary. Just policymakers riding a bad policy decision down the toilet bowl.

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