Trump set country up for economic recovery
The U.S. economy peaked in late 2019 at $21 trillion. We are now remarkably 98% back to where we were before the terrible COVID-19 pandemic slammed these shores 14 months ago. This rebound is one of the outstanding U.S. achievements in history. Since June of last year, the economy has rocketed by 34% in quarter 3 of 2020, 4.2% in quarter 4 of 2020 and now 6.4% in the first three months of 2021. So far in this current quarter, growth is more than 10%.
Almost no one expected this. The Federal Reserve Board, the Congressional Budget Office and private blue chip forecasters declared this time last year that it wouldn’t be until at least 2022 until the economy was at full force. The economy has spurted at twice the pace the professional forecasters expected. What a shock: Former President Donald Trump proved the “experts” wrong again.
The recovery from COVID-19 is all the more…