Tornado Alley (PROG)

[blackhawks]

No, it shows how some people are oblivious to the shit GOP economies that hurt the poor the most with their recessions.

I guess that we'll need a Dem recession to see if K shaped recoveries are more malleable under enlightened GOP economics. Would more tax cuts for the wealthy and for businesses be helpful? What else does the GOP have in its economic tool box?

https://www.cnbc.com/2021/05/04/the-covid-recovery-still-has-a-k-shape.html

‘Hard to tell’

The K shape isn’t quite as literal as it once was. Broadly, all groups are being lifted by the improving economy, if at different speeds, economists said. However, it’s still synonymous with the recovery’s unequal brushstroke, they said.

And there will always be individual exceptions to these statistics, which portray experiences in the aggregate.

Public policy has also helped cushion the financial blow for affected families. The federal government has pumped trillions of dollars in aid to prop up households in the face of unemployment, eviction and food insecurity.

“There have been [unemployment insurance] expansions and the like, and that will have made up for significant chunks of those income losses,” said Stan Veuger, an economist at the American Enterprise Institute, a right-leaning think tank.

However, some people fall through cracks in the U.S. safety net and didn’t benefit from these expansions, he added.

The diverging experiences will likely mend as the economy improves further, economists said. However, they cautioned that the continued recovery depends largely on vaccinations and how quickly the coronavirus is tamped down.

Imagine that. Guess red state republicans may be more responsible for this K shaped recovery than gov policies are.

“It is very hard to tell what’s going to happen,” Sojouner said.