Rattner: Recovery Not ‘V-Shaped,’ Major Job Loss Disparities | Morning Joe | MSNBC

Rattner: Recovery Not 'V-Shaped,' Major Job Loss Disparities | Morning Joe | MSNBC 1


Morning Joe economic analyst Steve Rattner says that while the president and his chief economic adviser Larry Kudlow took a victory lap after the release of the August jobs report, but the recovery is not 'V-shaped'. Aired on 09/08/2020.
» Subscribe to MSNBC:

MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.

Connect with MSNBC Online
Visit msnbc.com:
Subscribe to MSNBC Newsletter:
Find MSNBC on Facebook:
Follow MSNBC on Twitter:
Follow MSNBC on Instagram:

Rattner: Recovery Not 'V-Shaped,' Major Job Loss Disparities | Morning Joe | MSNBC

78 Comments on "Rattner: Recovery Not ‘V-Shaped,’ Major Job Loss Disparities | Morning Joe | MSNBC"

  1. Arthur Schnapka | September 8, 2020 at 9:32 AM | Reply

    It will take years to prosecute all these lying criminals in the Trump administration.

  2. Death To Ming! | September 8, 2020 at 9:34 AM | Reply

    Putting aside Trump is an impeached president. No President that has this done this poorly has ever been reelected. Trump has not earned a second term. Trump! You Are Fired!

    • Lol opens with putting aside Trump is an impeached president. Opening with the statement is the opposite of putting it aside.

    • @Crystal Giddens you know tds is just a name right? Not an actual disease lol. It also works both ways, I say you have it, you say I have it, its all such jolly good fun. Usually, the name would sugest it is caused by Trumpf though, not the other way round. You are deranged by Trumpf, thereby you have tds, again, a totally made up thing, not real. Glad you wrote an essay about it for us all to laugh at though. Now you can cut and paste that somewhere else and complain to them about the made up affliction lol.

    • Crystal Giddens | September 9, 2020 at 1:35 PM | Reply

      @loony loony Actually I am very much disappointed with Trump. That disappointment, however, does not blind me to the visceral reaction so many have towards everything he says and does.

    • Beware thrir are a lot of uneducated ignorant prejudice and insecure people out there. We have to vote no matter what.

    • Death To Ming! | September 9, 2020 at 3:21 PM | Reply

      @Harry William I believe it is so important this year that I’ll risk my life to vote for Biden in person. Because Trump has made the mail in ballots so untrustworthy.

  3. The top 1%ers are getting all the gains. The Republikkkans tell us that everything is great as if we the people don’t feel it.

    • Drake Fire hey do me a favor go to a biden rally wearing a Trump tee shirt then go to a Trump rally wearing a biden you will see the difference

    • I’m just glad the Kardashians are finally going away!
      Why are there so many comments with no replies here?
      It looks rather odd, but that’s just my silly opinion.

      I would send these boys to their rooms!
      I guess immature actions and reactions aren’t limited l to the #LoserInChief
      10 Signs of Emotional Childishness

      How many of the following signs of emotional immaturity does Trump have?

      Emotional escalations: Young children often cry, get mad, or outwardly appear petulant and pouting.

      Blaming: When things go wrong, young children look to blame someone.

      Lies: When there’s a situation that’s uncomfortable, young children might lie to stay out of trouble.

      Name-calling: Children call each other names. Adults seek to understand issues. Adults do not make ad hominen attacks, that is, attacks on people’s personal traits.

      Impulsivity—or as therapists say, “poor impulse control”: Children strike out impulsively when they feel hurt or mad. They speak recklessly or take impulsive action without pausing to think about the potential consequences. Similarly, instead of listening to others’ viewpoints, they impulsively interrupt them. 

      Need to be the center of attention: Ever tried to have adult dinner conversations with a two-year-old at the table?

      Bullying: A child who is physically larger than other children his age can walk up to another child who is playing with a toy he would like and simply take it. The other child may say nothing lest the bully turn on them with hostility. In many cases, it’s safer just to let a bully have what he wants. Adults, on the other hand, respect boundaries: Yours is yours and mine is mine.

      Budding narcissism: In an earlier post, I coined the term tall man syndrome for one way that narcissism can develop. If children—or adults—can get whatever they want because they are bigger, stronger, or richer, they become at risk for learning that the rules don’t apply to them.  Whatever they want, they take. This narcissistic tendency may initially look like strength. But in reality, it reflects a serious weakness: being unable to see beyond the self. 

      Psychologically strong people listen to others, hoping to understand others’ feelings, concerns and preferences. Narcissists hear only themselves and are emotionally brittle as a result. They operate like children who want to stay out and play—even though dinner is on the table—and who pitch a fit rather than heed their parent’s explanation that the family is eating now. Their mindset, in short, is “It’s all about me.” In the eyes of a narcissist, no one else counts; if they don’t get their way, they may result to pouting or bullying in order to do so.

      Immature defenses: Freud coined the term defense mechanisms for ways in which individuals protect themselves and/or get what they want. Adults use defense mechanisms like listening to others’ concerns as well as to their own. They then engage in collaborative problem-solving.  These responses to difficulties signal psychological maturity. Children tend to regard the best defense as a strong offense. While that defensive strategy may work in football, attacking anyone who expresses a viewpoint different from what they want is, in life, a primitive defense mechanism.

      Another primitive defense is denial: “I didn’t say that!” or “I never did that!” when in fact they did say or do the thing they claim not to have done. Sound childlike to you?  

      No observing ego—that is, no ability to see, acknowledge, and learn from their mistakes: When emotionally mature adults “lose their cool” and express anger inappropriately, they soon after, with their “observing ego,” realize that their outburst was inappropriate. That is, they can see with hindsight that their behavior was out of line with their value system. They can see if their outburst has been, as therapists say, ego dystonic (against their value system).

      Children who have not yet internalized mature guidelines of respectful behavior toward others, or who have not developed ability to observe their behaviors to judge what’s in line and what’s out of line, see their anger as normal. They regard their emotional outbursts as “ego syntonic,” justifying them by blaming the other person. In other words, “I only did it because you made me.”

    • @Sharon Brown misleading and trump has been calling out china more than any president. unlike Obama and biden – February then he found out the truth about china -19 cover up!!!!

    • @Eliel what did you not understand

    • @David Goldman how can you be such an fu€king !diot! that’s what I don’t understand

  4. Michelle Flores | September 8, 2020 at 9:37 AM | Reply

    Stores are closing… Restaurants are closing… Mom and pop shops are closing… Everywhere you go there are signs going out of buisnesss… I asked someone the other day they said by December many of these stores will be closed. This is the reality!! Trump bankrupts everything he touches!!

    • @Mobile Mancave And what would Joe do to make the economy better ?
      The Green New Deal ?
      Increase taxes ?
      Increase regulation ?
      Go back to NAFTA ?

    • @Peter Robinson go back to pooh corner. you’re already living in make believe anyway

    • restaurants or junk food outlets to make people unhealthy?

    • Michelle Flores | September 10, 2020 at 7:19 AM | Reply

      @Tone Loc when the Average guy like you and me… Unless your a millionaire. Your the average guy!! When We most of the US are losing 1 or 2 jobs because of this deep recession then talk about gains!! The only people who are gaining anything are the billionaires… Look at Jeff Bezos and Elon Musk according to forbes they gain triple since the pandemic. But the average owner of the hardware store down the street cant even pay their rent. So please get off your soap box and look at what’s really going on!! Americans working 2 jobs isn’t a living they can’t feed their families!

    • @Michelle Flores Please spare us the class-warfare rhetoric. It is not productive, and it only divides our country.
      We ARE recovering, and doing so at a far better rate than anything under Obama and Joe. The best monthly job gain under Obama and Joe was 540,000. Why are monthly gains of over 1,000,000 “sluggish”, but a gain of 540,000 really great ?
      Do you really think that the recovery will be better under Joe ?
      How would he accomplish that ?
      Joe wants to raise taxes. How would having less money CAUSE a business to immediately hire more workers.
      Joe wants to increase regulations. How would increasing regulations CAUSE a business to hire more workers.
      You talk about Americans working two jobs and can’t feed their families. In reality, that hardly exists. The number of people working two jobs has been on steady decline for a generation.

  5. I knew the unemployment numbers that were reported weren’t true. And it’s likely more than 10% due to some people giving up and not being able to get unemployment in their states.

  6. A perennial bankrupt, a Hollywood producer and a senile grandpa are in charge of the economy, what could possibly go wrong?

  7. Daniel Schaeffer | September 8, 2020 at 9:41 AM | Reply

    The White House can spin this matter all IG wants, but the fact is that the Trump virus has taken more lives, closed more businesses and cost more jobs than rioters ever did.

  8. The US is at over 190,000 dead from covid with a projected doubling to 410,000 deaths by Jan 1 2021

    In only 4 months

    Jobs will be impacted

  9. Deborah Husted | September 8, 2020 at 9:48 AM | Reply

    People going back to the jobs they were laid off from is NOT adding new jobs

  10. Herr Frankenstein | September 8, 2020 at 9:48 AM | Reply

    Give our economy a fighting chance… wear a mask and allow for social distancing in public areas…

  11. Bunker Baby dRumph | September 8, 2020 at 9:49 AM | Reply

    If tRumps economy has recovered then how come there are almost 200,000 dead Americans & another 20,000,000 Unemployed Americans?

    • @Origami Mambo Project brainwashed much?

    • T

    • Origami Mambo Project | September 8, 2020 at 11:34 AM | Reply

      @dave matthews Nope, just not a gullible Trump cultist. Who will you bend over for after Donald loses?

    • @Wicker Baskets looks like you cant pronounce your D’s and no I wont be crawling under anything , you believe this horsecrap and tell me what im going to do , just not on, but I will love it when you libtwats lose in the elections. If you were so afraid of voter fraud why not go in person to vote? All libtwats are loses and F you I will never kneel before anyone

    • He only think’s of himself

  12. it’s a K shape. the top 10% going up the rest of Americans going down

  13. Lose 30mil jobs – Gain back 10mil jobs = Call it “pretty amazing” and praise your amazingness!

    • And because of his inability to take decisive and robust action, most of those 20 million jobs that were lost will never return. He has failed everyone, yet people are still clinging to his nuts.

  14. Unprecedented recession due to an incompetent administration and Senate.

  15. Steve’s second chart shows how the “pandemic” response is really a class war against the poor.

    • G

    • And at it’s ‘CORE’ it has always been that! But we at the ‘bottom’ allow those at the ‘top’ to keep us divided over issues like the ‘ISMS’!

      No matter what SUBgroup you belong to if you are not a member of that 1% or within the ‘low hanging fruit’ who happen to still be working, this economy is affecting you directly and no one in any other group is responsible for that. If we don’t get that and admit that (Trump Supporters, hint, hint) those at the bottom are ALL doomed!

  16. The white oligarchs that run the country got billions in bailout money even though their profits were already up!

  17. Economy of the rich, by the rich and for the rich. Doesn’t look like a V as much as a middle finger!

  18. Strange they didn’t point out the home eviction wave that’s just started… Many Americans will lose their housing the coming months.

  19. Wait until the stock market tanks and layoffs of people with college degrees makes 2008 look like a cake walk.

  20. Michael Chabler | September 8, 2020 at 12:31 PM | Reply

    Trump: “I love the poorly educated. [suckers!]”

Leave a comment

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.