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Trump’s Bogus Optimism Won’t Stop Pandemic Or Boost Economy

I have some bad news for anyone concerned about the economy. Very bad news. Donald Trump tweeted last Monday, “The Economy is coming back fast!” Tuesday, he proclaimed: “Things are coming back, and they’re coming back very rapidly. A lot sooner than people thought.”

This is an unmistakable signal that the economy is not coming back rapidly and may not be coming back at all. Whenever Trump boasts of something happening soon, it’s time to settle in for a good, long wait, or maybe just give up hope entirely.

Trump made his claims as the COVID-19 pandemic was saying the opposite. Florida set a record for the most new cases in a single day for any state and broke its own record for most deaths from the virus. California Gov. Gavin Newsom banned indoor operations in bars, restaurants and movie theaters, while closing hair salons, workout facilities and malls. Continue reading.

Data and Research Manager: