July 2, 2020

Trump recovery vs Obama recovery

The latest numbers from the Bureau of Labor Statistics so far show a stark contrast between the Obama Great Recession recovery and the Trump COVID-19 shutdown recovery.

The COVID-19 impact was much more severe than the Great Recession (pictured in grey).  But what is truly stark is the 2 months of drop off in the unemployment rate after the 2020 peak from 14.7 % in April, to 13.3% in May to 11.1%. 2.5 million jobs were added in May despite an expectation of 9 to 10 million more job losses.  And in June 4.8 million jobs were added.

May the president knows what he is doing when it comes to the economy. I mean really, really knows.  Compare that to the anemic recovery that Obama put the country through from 2010 through 2016.  It was abysmal and no one should be supporting his know-nothing VP for president because he has no clue of how to handle an economy.  The contrast is stunning. 

No comments:

Post a Comment

Disagreement is always welcome. Please remain civil. Vulgar or disrespectful comments towards anyone will be removed.

Related Posts Plugin for WordPress, Blogger...

Share This