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Fri May 22, 2020, 07:54 PM

Economic recovery from coronavirus is a 'long way away,' Joe Biden says

Source: CNBC

By Jacob Pramuk

Former Vice President Joe Biden said in a CNBC interview on Friday that an economic recovery from the coronavirus pandemic looks “a long way away.”

He also condemned President Donald Trump’s handling of the crisis, blaming him for lost lives and economic ruin.

In the interview on “Squawk Box,” the apparent Democratic presidential nominee criticized the 2017 Republican tax cuts and questioned how the U.S. could use the lost revenue as it tries to lift a devastated economy. More than 38 million people have filed jobless claims since states started widespread lockdowns to slow the pandemic, and GDP is expected to go into freefall in the second quarter.

“Imagine if we had that $2 trillion now as we go into, God willing, a recovery which is a long way away as I see it right now,” Biden told CNBC’s Andrew Ross Sorkin.



Former Vice President Joe Biden (D) speaks about the Coronavirus and the response to it at the Hotel Du Pont in Wilmington, DE.
Michael Brochstein | Barcroft Media | Getty Images

Read more: https://www.cnbc.com/2020/05/22/economic-recovery-from-coronavirus-is-a-long-way-away-joe-biden-says.html

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Reply Economic recovery from coronavirus is a 'long way away,' Joe Biden says (Original post)
Omaha Steve Friday OP
sandensea Friday #1
IronLionZion Friday #2
Skittles Saturday #3

Response to Omaha Steve (Original post)

Fri May 22, 2020, 07:59 PM

1. All the more so thanks to Cheeto's pilfering most of the $500 billion in PPP funds.

Biden will need an entire building in the Federal Triangle just to investigate the destination of most of those monies - to say nothing of all the other misdeeds.

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Response to Omaha Steve (Original post)

Fri May 22, 2020, 11:53 PM

2. $4 trillion would have been around $30,000 per household

or $12,000 per human being in America. But our wise leaders decided to give that to big corporations. I'm sure it's all going to trickle down to everyone eventually. These job creators will always create jobs and never buy back stocks or pay it out in dividends.

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Response to Omaha Steve (Original post)

Sat May 23, 2020, 03:10 AM

3. good that he is talking like a realist

I think most people know this.

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