Joe Biden takes office and, magically, the Democrat strongholds of America move to reopen and the economy is expected to “rapidly” bounce back sooner than we ever thought. Go figure!
The political establishment wants us to believe that it was President Trump who was the problem the entire time.
They would have us think the reason we had to stay locked down for so long was because Trump’s response to the pandemic was so incompetent that they were forced to delay a full reopening.
In reality, establishment politicians were only weaponizing the lockdowns to hurt the former president politically. They held the American people hostage while they attempted to oust Trump from office…and ultimately, they succeeded.
Now that Trump is out and Biden is in, life will go back to normal as if Democrats had the “magic wand” all along. Unfortunately, many people will believe their lie that Trump was the problem.
The Congressional Budget Office issued an updated economic outlook on Monday indicating U.S. economic growth will recover “rapidly.”
The CBO expects GDP (Gross Domestic Product) growth to skyrocket 3.7% this year, causing it to return to pre-pandemic level by mid-2021.
On average, the agency predicts the GDP will continue to grow another 2.6% over the next five years through 2025.
America’s labor force is also forecasted to return to pre-pandemic numbers by 2022 if unemployment falls to 5.3% in 2021 and down to 4% by 2025.
The CBO believes a bigger recovery will happen sooner than expected “because the downturn was not as severe as expected and because the first stage of the recovery took place sooner and was stronger than expected,” which is largely due to Trump’s push to reopen as soon as possible.
The CBO’s latest report comes as economists and financial gurus have begun predicting economic upturn by late Spring/early Summer due to the vaccine roll out and fewer hospitalizations due to the coronavirus.
While life continues to be unpredictable in 2021, we can look forward to seeing increased reopening efforts and watching America to return to normal in the near future.