So when Trump was elected, a lot of the Trump supporters and posters on here touted his record as a businessman to predict great things with the economy. The economy continued the upward trajectory started under Obama and we heard how he was a brilliant economics manager.
Now, however, we've seen the air be completely sucked out of the economy. And while you may say, "it's not his fault, it's COVID," but economically the US has suffered just as much if not more than every other G7 country. The latest statistic I saw had the US as having the highest unemployment rate of any G7 country. (And to head off the argument, it doesn't appear to be a case of differences in measuring.)
So why is that and what does it tell us about the US economy? Does it demonstrate that Trump is either especially bad at handling COVID or the economy? Does it mean we are economically more fragile than we thought and more fragile than similarly developed nations? Does it have to do with our business infrastructure and the seeming preference for business over worker, where in Europe it's the opposite? And what can be done, if anything, to fix it?
Now, however, we've seen the air be completely sucked out of the economy. And while you may say, "it's not his fault, it's COVID," but economically the US has suffered just as much if not more than every other G7 country. The latest statistic I saw had the US as having the highest unemployment rate of any G7 country. (And to head off the argument, it doesn't appear to be a case of differences in measuring.)
So why is that and what does it tell us about the US economy? Does it demonstrate that Trump is either especially bad at handling COVID or the economy? Does it mean we are economically more fragile than we thought and more fragile than similarly developed nations? Does it have to do with our business infrastructure and the seeming preference for business over worker, where in Europe it's the opposite? And what can be done, if anything, to fix it?
