Quote:
Originally Posted by Diaphone Jim
I predicted a month ago that Bozo and his circus cabinet would make the coming epidemic much worse.
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The economy was in recession nine months ago. Before a pandemic made it even worse.
It was expected. For example, tax cuts eventually create recessions. The Fed was repeatedly lowering interest rates that long ago due to a recession.
Many industries (agriculture, industrial metal manufacturing, white appliances, cosmetics, boats, clothing, airplanes, wines, chemical products, meats, whiskey, lumber, auto parts) were already suffering due to trade embargoes - to fix problems that did not exist. Auto product and even some Harley Davidson production was forced out of America due to higher costs created by tariff - that have no purpose. Agricultural trade with China that was once $19 billion was reduced to $9 billion with harm especially suffered by wheat, soybean, nut, berry, orange, and apple producers.
But somehow none of that contributed to recession - if one only recites what he is ordered to believe.