Despite your cult reverence of tRUMP, he did very little. Name one thing he did that was so herculean per the development of the vaccine. That sped up vaccine development for say a Pfizer. Well?
Economy is NOT recovering....not even CLOSE to being back to full capacity of how things were...do you live under a rocK?
No, I live in the real world. Concentrate (if possible): Manufacturing activity does not go up if the economy is not "recovering".
In economic data, Institute for Supply Management’s manufacturing activity showed rose to 64.7% from 60.8% in the prior month, marking the highest reading since 1983. The report followed IHS Markit’s U.S. Manufacturing Purchasing Managers’ Index, which came in at 59.1 in March, up from 58.6 in February, marking the second-highest level on record. For both gauges, a reading above 50 indicates growth in activity.
Also the Atlanta Fed Reserve is predicting GDP growth will come in at +10%. As in accelerating from the 4.1% in Q4 2020.
Must be ruff living under your alt reality world rock. tRUMP told his cult worshipers the economy would crash under Biden. Yet it's "recovering".
Most economic forecasters expect very strong GDP growth in 2021 as the $1.9-trillion American Rescue Plan works its way through the economy and more people are vaccinated. The consensus is that real GDP will increase about 6% between the fourth quarter of 2020 and the fourth quarter of 2021. If this growth materializes, output by the end of 2021 will be about back to the level it would have been had the pandemic not occurred (using the Congressional Budget Office’s pre-pandemic 2020 economic projection to gauge that level).
This will not be another jobless recovery. If the GDP forecasts prove accurate, we estimate that monthly payroll employment gains over the next 10 months will average between 700,000 and 1 million per month, a lot faster than many forecasters anticipate.
The pandemic recession was unlike any previous recession. The U.S. lost almost 9½ million jobs between February 2020 and February 2021, many more than one would have anticipated based on past episodes of declining GDP.
The lost jobs were disproportionately low-wage, low-productivity jobs. The post-COVID recovery will be different as well. Jobs are likely to return at a faster pace than ever seen before on a sustained basis.