"… he believes, the way to think about the current economic drop-off, at least in the first two phases, is more like what happens to a thriving economy during and after a natural disaster: a quick and steep decline in economic activity followed by a quick and steep rebound.
The Covid-19 recession started with a sudden shuttering of many businesses, a nationwide decline in consumption, and massive increase in unemployment. But starting around April 15, when economic reopening started to spread but the overall numbers still looked grim, Furman noticed some data that pointed to the kind of recovery that economists often see after a hurricane or industry-wide catastrophe like the Gulf of Mexico oil spill." politico
"Consumption and hiring started to tick up “in gross terms, not in net terms,” Furman said, describing the phenomenon as a “partial rebound.” The bounce back “can be very very fast, because people go back to their original job, they get called back from furlough, you put the lights back on in your business. Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V.”" politico
Well, pilgrims, there you have it. If Politico thinks so, it must be so. Do I think the Democratic Party grandees are deliberately suppressing the economy as long as they can and bitching and whining as the GOP tries to crank up the machine? Yes, I do. Is that criminal? Should it be criminal? IMO it should be but to prevent the disintegration of the Great Republic, we must not treat it as such.
IMO Trump now realizes that he was snookered by the medical equivalent of the Holy Office. Our Auto da Fe has been impressive and nearly fatal but not quite. Trump's statement that he will never shut the economy down again indicates to me that the "scales have fallen" from his eyes.
Are his attempts too little and too late? That could be. Or, maybe not.
The brawny beast that is America is gathering itself up, and looking once again at what CAN BE, not at what is forbidden us by the Globalist nitwits who would destroy us and make us into building blocks for their utopia. pl