Trump is grinning from ear-to ear-after getting news that dooms Joe Biden’s campaign
President Donald Trump has until November to prove why America should re-elect him.
Joe Biden is doing everything he can to sabotage those efforts.
But Trump is grinning from ear-to-ear after getting news that dooms Joe Biden’s campaign.
For perhaps the first time in history, the Fake News Media is cheering for the economy to fall apart.
They know that a struggling economy will be bad for President Donald Trump’s re-election.
So no matter how many people will suffer under a failing economy, they seem to be egging it on.
That is proven by financial talking heads estimating that first-time jobless claims for the week that ended on August 8 would be at 1.1 million.
Since the start of the coronavirus pandemic, the economy has been devastated, with tens of millions of Americans finding themselves out of work.
This economic downturn appears even more devastating considering that at the start of the year the economy was at the strongest it has been in decades, with historic lows in unemployment.
But the fact of the matter is that the first time jobless claims prediction of 1.1 million has been proven completely wrong.
With the numbers just coming out, the number is actually at 963,000, which is well below the prediction.
This is the first time since March 21 that first-time claims for unemployment insurance have fallen below 1 million, showing clear signs of recovery.
The stock market is also booming, with the NASDAQ hitting record highs.
This is a dramatic decline from the late-March highs in unemployment claims, which nearly hit 7 million in just one week.
It is the lowest unemployment numbers since the coronavirus brought the U.S. economy to a stand-still.
Even financial experts are acknowledging that things are improving.
“The labor market continues to improve, but unemployment remains a huge problem for the U.S. economy,” Gus Faucher, chief economist at PNC Financial Services said. “The number of people filing for unemployment insurance, both regular and PUA benefits, continues to steadily decline as layoffs abate.”
If the economy stays on this trajectory, it will spell bad news for Joe Biden.
These numbers prove that President Trump knows how to handle a pandemic, and keep people’s heads above water while paving the way for economic recovery.
Joe Biden will surely try to downplay this great news.