EXCLUSIVE: Despite China Coronavirus Crisis - Current Trump Economy Still Better that What He Inheri

[rangerrebew]

EXCLUSIVE: Despite China Coronavirus Crisis - Current Trump Economy Still Better that What He Inherited and Way Better than Obama At Same Respective Time Period
By Jim Hoft
Published April 5, 2020 at 9:04am
 

Despite the China coronavirus nightmare and worldwide crisis, President Trump’s economy is still much better than what he inherited and way better than Obama’s economy at his respective time in office.
 
The numbers are astounding.

With all the despair, shock and Mainstream media (MSM) frenzy surrounding the China coronavirus crisis, the average American would think that the US is in a depression and we’re all going to die!

The news has been abhorrent as businesses shutter their doors while America and the world attempt to survive the China coronavirus pandemic.  But the actual results may surprise you indicating the MSM may be as far off on their predictions for the economy as they are in their predictions of fatalities due to the virus.  Here are some comparisons for where the economy is today with when President Trump inherited it and with Obama’s first three plus years in office.

https://www.thegatewaypundit.com/2020/04/exclusive-despite-china-coronavirus-crisis-current-trump-economy-still-better-inherited-way-better-obama-respective-time-period/

[libertybele]

Good article and some very good information. Before the U.S. was hit with the Chinese virus, unemployment for Blacks and Hispanics was at historic lows. The stock market experienced historic highs, .... even with the poor performance in March due to the coronavirus, the US has gained more than 6.3 million more jobs since the President took office.

He accomplished a robust economy and put people back to work.  There is little denying that the DEMS have been diligently doing everything that they can to sabotage this economy and see this pandemic as a golden opportunity to try to sink his re-election.

[Chosen Daughter]

That article made me think of a child that breaks something and hides it hoping nobody will notice.  A great work of deception for sure. 

We are not over the crisis
The article is taking a victory lap when the economy is broken.  It might be fixable or might not.  One thing is for sure there will be a buying and selling market as businesses fold and are bought out.   There will be winners and losers.  The winners will be the stronger who can survive ups and downs.  Like the Bain Capitals and big banking corporations looking to scoop up on tragedy.  The large Real Estate brokers.  Once people and businesses get so far behind that they can't recover.

Even with all the small business "help" in the spending bills many are going to go out of business.  Just hasn't happened yet, so don't think that you hid the broken economy.  The small business help is "loans".  Low interest loans.  How low?  Nobody knows but they will forgive them if it goes directly to pay employee's.  Can a struggling business afford another loan?


Here might be a winner

https://www.washingtonexaminer.com/news/sean-hannitys-secret-real-estate-empire-revealed-by-michael-cohen-investigation-report
I would take any article claiming victory in the middle of an unknown like this pandemic with a grain of salt.

[Chosen Daughter]

Bain: How Will Luxury Change For the Better Post-COVID-19
Yaling JiangMarch 31, 2020

The luxury industry, as we know it, will be fundamentally changed by the COVID-19 pandemic. According to a recent Bain & Company brief published last Thursday “Luxury after COVID-19: Changed for (the) Good?,” amid overall losses, companies could make this a positive turn of events for their future operations if they are fast to adapt.
The global consultancy’s Milan office modeled three scenarios on the luxury market’s future performance and predicted that the industry will shrink 15-35% depending on how hard the pandemic hits. Moreover, the brief breaks down six consumption trends, with an ever-more important China market at the top of the list.

https://jingdaily.com/bain-how-will-luxury-change-for-the-better-post-covid-19/

Big banks offer relief to California homeowners affected by COVID-19
By Laura Alix

Four of the five largest banks in the U.S. have agreed to let California residents skip mortgage payments for 90 days if they have lost their jobs or are struggling financially due to the coronavirus pandemic, Gov. Gavin Newsom said Wednesday.
JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with about 200 state-chartered banks and credit unions, voluntarily agreed to waive mortgage payments for California residents who are having trouble paying bills because of the COVID-19 outbreak, Newsom said. Bank of America has also agreed to waive payments, but only for 30 days, Newsom said.


https://www.americanbanker.com/news/big-banks-offer-relief-to-california-homeowners-affected-by-covid-19

Big Banks.............yuuuuuge winners.  What a gift to allow people to get so far behind they loose their homes.  Reminds me of Bank bailouts.  They offered those outrageous low interest mortgages to people that couldn't afford them.  Ones that started low, but weren't fixed.  This is going to be the same.  Who is going to win?  Big banks.  Who is going to lose?  People that thought this was a gift.  No, you have to pay your mortgage, and I would recommend that everyone do their very best to make that payment.

China is a yuuuge real estate invester in Washington.  They will be winners too. 
 

[Chosen Daughter]

I wonder if McConnel's wife's shipping business is going to be a winner in the spending bill?

https://bipartisanreport.com/2019/09/16/breaking-mitch-mcconnells-wife-under-investigation/

There is something unsettling about a powerful Cabinet secretary (Chao) working to push and move forward a Senate leader’s agenda.

https://bipartisanreport.com/2019/06/10/mitch-mcconnells-wife-busted-for-massive-ethics-violation/

‘Secret Empires’ Bombshell on Elaine Chao and Mitch McConnell’s China Ties
June 5, 2019
~ a

https://www.shiftfrequency.com/chao-and-mitch-mcconnells-china-ties/