Get back to us when the next GDP numbers are relea
Post# of 123746
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Posted On: 06/05/2020 5:13:03 PM
Re: energy_wave #39439
Get back to us when the next GDP numbers are released. Talk about spiking the football too soon.
Joe Biden blasts Trump for 'spiking the ball' on economy while millions remain unemployed
Source: USA Today
Former Vice President Joe Biden, the presumptive Democratic nominee for president, accused President Donald Trump of "spiking the ball" Friday by celebrating improving jobs numbers when 20 million people are still unemployed.
“Donald Trump still doesn’t get it," Biden said at Delaware State University, a historically black school, in Dover. "He’s out there spiking the ball completely oblivious to the tens of millions of people who are facing the greatest struggle of their lives.
These folks aren’t feeling any less pain today than they were yesterday." His speech came on a day of improving job and unemployment figures that beat the projections of many economists. The unemployment rate fell to 13.3% in May, down from 14.7% in April. And the economy gained 2.5 million jobs, after 20.5 million were lost in April.
Trump celebrated the gains in a Rose Garden news conference Friday morning, saying the economy is making "a big comeback" after being decimated by the coronavirus pandemic.
Biden congratulated those who found jobs. But he said there were still 13 million fewer jobs than when he and former President Barack Obama left office. Hispanic unemployment is four times higher than "when Trump botched his response to the pandemic," Biden said.
Read more: https://www.msn.com/en-us/news/elections-2020...li=BBnb7Kz
The unemployment rate never got as high as 13 percent even in the midst of the Great Recession at the start of the Obama/Biden Presidency.
Now, companies are still going out of business. There are a lot of folks who are not technically unemployed, but are furloughed while businesses have been shut down, who are not actively seeking a new job.
The unemployment rate also misses people who lost their jobs but cannot look for or do work because of stay-at-home orders to slow the spread of COVID-19.
Joe Biden blasts Trump for 'spiking the ball' on economy while millions remain unemployed
Source: USA Today
Former Vice President Joe Biden, the presumptive Democratic nominee for president, accused President Donald Trump of "spiking the ball" Friday by celebrating improving jobs numbers when 20 million people are still unemployed.
“Donald Trump still doesn’t get it," Biden said at Delaware State University, a historically black school, in Dover. "He’s out there spiking the ball completely oblivious to the tens of millions of people who are facing the greatest struggle of their lives.
These folks aren’t feeling any less pain today than they were yesterday." His speech came on a day of improving job and unemployment figures that beat the projections of many economists. The unemployment rate fell to 13.3% in May, down from 14.7% in April. And the economy gained 2.5 million jobs, after 20.5 million were lost in April.
Trump celebrated the gains in a Rose Garden news conference Friday morning, saying the economy is making "a big comeback" after being decimated by the coronavirus pandemic.
Biden congratulated those who found jobs. But he said there were still 13 million fewer jobs than when he and former President Barack Obama left office. Hispanic unemployment is four times higher than "when Trump botched his response to the pandemic," Biden said.
Read more: https://www.msn.com/en-us/news/elections-2020...li=BBnb7Kz
The unemployment rate never got as high as 13 percent even in the midst of the Great Recession at the start of the Obama/Biden Presidency.
Now, companies are still going out of business. There are a lot of folks who are not technically unemployed, but are furloughed while businesses have been shut down, who are not actively seeking a new job.
The unemployment rate also misses people who lost their jobs but cannot look for or do work because of stay-at-home orders to slow the spread of COVID-19.
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