The United States Economy In Good Shape Considering Shut Down: U.S. current account deficit jumps 52.9% as COVID-19 disrupts trade – September 18, 2020,

As we all know one of Trumps’ trademarks is calling COVID-19 the ‘China virus’, I believe he says this primarily because of the positive economic impact it should have had on China and their economy. Being that Trump appears to care most about economic data, it shouldn’t surprise anyone that he’d be most angered that China is basically back normal while the United States has to go through the various political processes of deal with the pandemic.

But even with that, the U.S account deficit with all the shutdowns is only at 2008 levels. Although the housing market crashed in 2008, the entire U.S economy was halted anywhere near to how it’s been halted now. So te fact that the U.S economy only dropped to 2008 levels is astounding.

I thought Trump did a good job with the economy, but even I didn’t think it was this good. You have to remember that a lot of American businesses are still shut down, how in the world is the 2020 U.S economy comparable to the 2008 economy?

I was thinking great depression type numbers would have emerged, wow that’s unbelievable, I doubt this will get any coverage, and more than likely the media will frame the story below as negative but I think it’s a miracle, ‘m even wondering if they’re going to have to revise the data later on.

I’d assume he stimulus checks had something to do with it, so this is still ongoing, this is definitely something that will need to be studied further, but so far so good, we’ll have to wait and see the 2020 election results and see what happens after the election.

Because even if Biden wins the election, I’d assume based on the Democrat Party platform that they’d probably have their own stimulus, the difference being that the Democrats based on Biden’s tax plan, would charge Americans more money in taxes for the money they give away, so by doing that, we’d be able to see a side by side comparison this time next year.

With that said, based on Trump’s tax and regulation cuts, growing national debt aside, I’d assume if America even gets back to 75% of what it was pre-COVID-19 and pre-democrats wasting time on the phony Russian witch-hunt, America in 2021 might be set boom like never before.

I’m eager to see how America votes in 2020!

U.S. current account deficit jumps 52.9% as COVID-19 disrupts trade | reuters.com

Interesting times ahead!