The economy grew 6.4% in Q1

Trump wishes he had these numbers, he woudl be bragging up a storm

that said, the Trump crash is still coming, the stimulus under Trump and Biden is just kicking the can down the road

some say Trump wanted the virus to spread and the reason Trump shutdown the economy is that he knew the economy was failing, and the only way for him to inject trillions into the mega corps was to use the virus crisis to do so, if that did not work, he would blame it on the virus, win\win either way as far as Trump was concerned

 

It is totally relevant when you have posters(You) who act as if the economic hit from Covid was Trump's fault or that the inevitable rebound in the economy is your hero to Joe Biden's credit.

Conspiracy theory or not Donald Trump did not release this virus on our country. It came from your favorite country, China.

Why did unemployment go up last month?

https://www.bls.gov/news.release/empsit.nr0.htm

 

Donald Trump is an American.

 

Never said Covid was Trumps fault.

Never said that either

Are you allergic to being honest, or addicted to being dishonest? Its gotta be one or the other.

Take your Covid conspiracy mongering to a relevant thread.

Sure, an incredibly stupid one, but no one blamed Covid on him. His handling of it revealed the depth of his incompetence, which led to him getting fired, but no one blamed him for the existence of the virus.

No further comment.

 

Dow soars to record high as investors weigh new economic-recovery data

 

Yeah...interesting. Is there still a link between GDP growth and employment or does lower employment now reflect increased business efficiency? Can we have economic growth with lower employment? Maybe only with stimulus packages. Read somewhere that much of wage growth last year was due to the stimulus checks (i.e. debt). How much borrowing is being done to hold an obsolete economic system together?

 

Cyclical unemployment is temporary, and as such is expected to recover. Many companies are actually having a hard time finding good employees. Investors are feeling optimistic as the economy is expected to have a very good GDP growth and employment growth this year (recovery from 2020)

 

What exactly is "cyclical unemployment?" I can understand the occasional exception doesn't make the rule, but I also think the pandemic may have a permanent impact on the economy regarding "working from home." That may well increase business efficiencies and lower overhead, along with the jobs that go with it.

 

Quoting definition: "Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn." This downturn was caused by the pandemic, and is expected to recover. Its like shuttering a house for hurricane and then reopening when the storm has passed. That, as opposed to finding a massive crack in the foundation and the whole house needs to be rebuilt, which was the case in 2007-08.

Yes. Lot of companies closed their office buildings and are saving money that way. People are saving money by not commuting, and so forth.

 

So...if they're saving and not spending, where is the growth coming from? "Normal" growth for an advanced economy such as ours is around 2-3%. 6%+ does indicate genuine growth...where?

I appreciate your storm analogy...but occasionally storms are powerful enough to cause cracks in the foundation, or at least weaken the foundation so that the next storm may do serious damage with less wind.

 

Of course you indirectly blamed covid on him because you are spouting economic statistics that were negatively effected by covid.

You mean Covid caused more unemployment? Duh. Trump's fault!

 

Since libos gave Obama credit for the lowest ever unemployment rates for blacks and Hispanics why not give Trump credit for anything good about this economy until 2023?

You want to push moronic ideas then be consistent. You think Obama in his second term was sitting in the Oval office with charts and graphs(He played golf) working out some brilliant plan to give the next president a great economy for 3 years?

Well Trump expecting reelection made this economy great until 2023! Hell longer until; 2050!

 

A virus from a lab in the middle of China hits our country and harms our country. People die, people lose jobs they lose their businesses. Our economy contracts by half a trillion dollars!

A virus from China did that. Not the failure of any Trump policy.

When our economy bounces back from that contraction who do we credit? Joe Biden! Economist and scientist!

A thread is started that might as well read Joe Biden god!!!!!!!!!!!!!!!!!!!!!

Biden gets all the credit and Trump gets all the blame. China? We are not supposed to mention them. That's racist!

 

Not necessarily. Trade "deficits" are not a net loss. Trade creates wealth. Even when importing.