Skip to comments.Sorry Media, Axios Admits: Recession ‘Over,’ According to Wall Street
Posted on 09/21/2020 1:15:33 PM PDT by JV3MRC
A jaw-dropping new economic report from Axios reinforced a concept the liberal media never seem to get: never underestimate America or President Donald Trumps economy.
In a story headlined, Wall Street: Recession is over, Axios reported that U.S. economic activity is going to grow more sharply in the third quarter of this year than during any other quarter in history. Heres the kicker: The recession is over, according to Wall Street, with current forecasts showing sustained economic growth through 2021 and beyond. More importantly, according to Axios, the continued prevalence of the pandemic doesn't seem to have crimped economic growth.
(Excerpt) Read more at newsbusters.org ...
But does this translate to more Americans getting off the unemployment rolls? We’ve had the Wall Street bigwigs proclaim “recoveries” before, only to see employment rates tick only slightly upward, the dreaded “jobless recovery”. Recovery on Wall Street doesn’t always translate to recovery on Main Street.
I don’t believe it. Millions of small businesses have been destroyed and aren’t coming back any time soon. The owners of those businesses are financially devastated.
True dat. A lot of those businesses and jobs will never return. But that does not mean the economy is not growing from it’s dem induced low.
AND just as Trump predicted months ago, U.S. economic activity is going to grow more sharply in the third quarter of this year than during any other quarter in history.
President Trump is once again absolutely correct in his economic predictions! It’s a total fool’s errand to bet against Trump’s predictions, and the hilarious thing about it is that the fake stream enemedia always bets against him, apparently not realizing that the President of the United States has more good economic data at his fingertips than the rest of the world leaders combined AND that President Trump is an economic genius who knows what that data means ..
here we have attack that slaps back on the Ds with exquisite timing—just before elections. another plan foiled aka Wiley E. Coyote, with DjT playing the role of the Roadrunner.
What a lot of folks don’t factor into this is the entrepreneur attitude. I know many small business men/women who had a business fail/BK and within a very short time had a new business up and running. Many times in a new city/town. Small businessmen don’t really like working for someone else They thrive on the risk factor and the challenge of making th9ose decisions.
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