Almost every time I see criminal Fuhrer Trump*, aka Nincompoop Nero, he crows about his wonderful economic recovery, calling it the best recovery in US history. He also claims that if Joe Biden becomes President, he will destroy the economy. In truth, Nincompoop Nero fiddled while America burned.
MSNBC’s Joe Scarborough was astonished by a detailed analysis of the economic pain suffered by many American workers — but not all of them.
“Morning Joe” contributor Steve Rattner, a former economic adviser to President Barack Obama, brought charts to fact check claims by President Donald Trump and his advisers about the recovery since the coronavirus pandemic destroyed the U.S. economy.
“The pace of job recovery is actually slowing fairly dramatically,” Rattner said. “One other small point, the 8.4 percent unemployment rate is really 9.1 percent — the Department of Labor said there was a misclassification error, so that number isn’t as good either. Let’s turn to this question whether we’re dealing with a broad-based recovery of jobs or something more narrow. What you can see on the next chart are the disparities in how different Americans have fared. This is because the pandemic or the economic crisis didn’t hit every industry equally, travel, recreation, restaurants, so on, where people of color, lower income, women work and it was hit disproportionately hard.”
“If you are a Black person, 11.2 percent of Blacks lost their jobs, compared to 6.4 percent of whites,” he added. “If you have less than a high school diploma, almost 19 percent of those folks lost their jobs. If you have a college degree, you probably didn’t lose your job at all, because virtually none of them lost their jobs since this started.”…
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Here’s the included video.
As you can see, Trump* and the Republican Reich* have destroyed the economy, and the recovery is both too slow and decreasing over time. If Biden becomes President, he needs to shut down at once, support those who do, perform extensive testing and contact tracing, and wait till it’s safe to re-open. That will allow a rapid recovery. I’d like to say it will be a complete recovery, but many of the jobs Republicans destroyed are gone and will never come back. To fully recover we need major investments in infrastructure and green energy to put America to work. If Trump* had shut down properly, Trump* virus would be behind us already. So we can’t blame Biden for the short term effects of doing what Trump* should have done.
RESIST!!