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Johnny2X2X

(19,020 posts)
Fri Mar 5, 2021, 09:38 AM Mar 2021

US economy adds 379,000 jobs in February

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

Very strong numbers, 200,000 was expected. UE rate still high, but fell to 6.2%.

As bad of a hand as Obama was dealt in 2009, the hand Joe was dealt was more extreme, but also there's some aspects that are absolutely politically advantageous for him. Trump botched the response to the virus, that caused the economic collapse to be more severe, but it also created a will for Congress to pass 2 big stimuli, and another is about to go into law. This economy will be juiced up with this next stimulus, and the recovery could be remarkably fast. There are some inflation concerns, but this economy is going to bounce back fairly quickly. There's a ton of pent up demand out there and people are going to be spending and then companies will be hiring.

Joe will be given the Lion's share of the credit, and he deserves it, from the get go he took the pandemic seriously and he's the biggest reason we're going to come out of it in the Summer rather than have it linger for months longer if Trump was still in charge.
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