{"id":41064,"date":"2020-09-08T11:52:31","date_gmt":"2020-09-08T18:52:31","guid":{"rendered":"https:\/\/www.politicsplus.org\/blog\/?p=41064"},"modified":"2020-09-08T11:52:31","modified_gmt":"2020-09-08T18:52:31","slug":"trumps-wonderful-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2020\/09\/08\/trumps-wonderful-economic-recovery\/","title":{"rendered":"Trump’s* Wonderful Economic Recovery"},"content":{"rendered":"

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.<\/font><\/p>\n

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\"0908TrumpJobLoss\" <\/p>\n

MSNBC\u2019s Joe Scarborough was astonished by a detailed analysis of the economic pain suffered by many American workers \u2014 but not all of them. <\/p>\n

\u201cMorning Joe\u201d 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. <\/p>\n

\u201cThe pace of job recovery is actually slowing fairly dramatically,\u201d Rattner said. \u201cOne other small point, the 8.4 percent unemployment rate is really 9.1 percent \u2014 the Department of Labor said there was a misclassification error, so that number isn\u2019t as good either. Let\u2019s turn to this question whether we\u2019re 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\u2019t hit every industry equally, travel, recreation, restaurants, so on, where people of color, lower income, women work and it was hit disproportionately hard.\u201d <\/p>\n

\u201cIf you are a Black person, 11.2 percent of Blacks lost their jobs, compared to 6.4 percent of whites,\u201d he added. \u201cIf 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\u2019t lose your job at all, because virtually none of them lost their jobs since this started.\u201d…<\/p>\n<\/blockquote>\n

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Here’s the included video<\/a>.<\/font><\/p>\n

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