Deloitte estimated that the U.S. contraction in in 2020 would be the second mildest (behind only Japan) among G7 nations, with all the other countries — Canada, France, Germany, Italy, the U.K. — estimated to take a harder hit.”
The Federal Reserve Bank of Atlanta, the Chicago Fed, the Conference Board, and Goldman Sachs have all expected growth to be between 30% and 35%, on an annualized basis. This level of growth, economists note, would be the highest in the history of American GDP calculations, which began during the Great Depression.
“It’s the best-ever recovery,” economist Art Laffer told Just the News. “But you know, bottom line, the reason that’s the best is because the first and second quarter were the two worst. They were caused by something not economic, they were caused by the pandemic. And so it’s not a normal recovery in the sense of the Great Depression.”
Beware, we are living in a time of a total lack of integrity in our nation. From the news media that continues to carry water for the democratic party to politicians who lie to get elected and lie to stay in power. Education systems that have changed history to paint America in a bad light and influence little minds to a left leaning mindset. Corporations side with radical ideas to accommodate a small percentage of the population. Truth has fallen in the street, trampled upon like useless salt that has lost it’s flavor, Most don’t care or have the time to find out what is really going on, much less get to the why and who is in control. I grew up in a time that honesty and integrity was a valued asset. Not anymore. I remember an old rock song of the 70’s called “Signs” by the Five Man Electrical Band. The song is about signs that are everywhere and everyone has a sign. Well today truth or not so truth, is everywhere, each one has there version of the truth. From polls to news media to entertainment, just choose your sign.
‘Sign, sign, everywhere a sign
Blockin’ out the scenery, breakin’ my mind
Do this, don’t do that, can’t you read the sign” By Five Man Electrical Band