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Avg monthly income in the US after tax is around $3 - 5K. If 15% to 20% of the 130m American workers are out of work for three months that's a big smoking hole in the U.S economy. If real estate and business are crippled, debt is not going to help much except load costs. BBC:
Analysts are all over the map predicting GDP shrinkage of 3.6 - 20% next year. They all agree the crash was unprecedented few if any, agree on where we will end up around election time. www2.deloitte.com/us/en/insights…
Does a President affect the economy? Some say no. Does a healthy economy reelect a President? Absolutely. Will the economy be healthy as we head to fall? Absolutely not. Will Trump surprise us and magically take control of the disaster to his benefit? centerforpolitics.org/crystalball/ar…
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