The S&P lost 50% in 2008, and we survived. Mnuchin did not predict 20% unemployment. "A Treasury official said Mnuchin was not providing a forecast but trying

The S&P lost 50% in 2008, and we survived. Mnuchin did not predict 20% unemployment. "A Treasury official said Mnuchin was not providing a forecast but trying to illustrate the potential risks of inaction." (literally the 3rd sentence). https://www.cnbc.com/2020/03/18/mnuchin-warns-senators-of-20percent-us-unemployment-without-coronavirus-rescue-source-says.html https://www.cnbc.com/2020/03/18/mnuchin-warns-senators-of-20...