Why the Trump Administration Doesn’t Want to Help
The pandemic recession is wildly uneven. Wealthy people are doing just fine. Hourly workers are not.
by Annie Lowrey
Oct 07, 2020
4 minutes
Yesterday, Donald Trump called for an end to the fourth-round stimulus talks between White House officials, Senate Republicans, and House Democrats. He told Senate Majority Leader Mitch McConnell to focus on confirming Amy Coney Barrett to the Supreme Court, and argued, in effect, that no immediate help was needed for families or businesses. “Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment also coming back in record numbers,” he tweeted.
The stock market declined after he made his statement. Still, depending on what the president meant by “our Economy,” he had a point. Parts of the economy are doing very well. Others are doing horribly.
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