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There is No Magic Wand to Get the Economy back on Track
It will be a long, arduous, and difficult task
Demolition is easy. Construction is hard.
The anemic April jobs report has triggered a tsunami of response. The Republicans are on the attack portraying unemployment benefits as an overreach that’s hurting the economy. Biden punched back by asking the senate to clear his Infrastructure bill and American jobs bill to bolster the economy further. Caught in the middle, journalists struggled to cover the jobs report without talking about the importance of robust jobs growth.
The Economists made a big mistake, just like the pollsters did during the 2016 and 2020 Presidential elections. They forecasted the addition of million-plus jobs in April, but the economy could only manage a fourth of their expectation.
It is pointless to analyze why the economists missed the mark by such a wide margin; we should instead focus our attention on the best path to drag the economy to where it was before the pandemic landed on our shores.
Termination is Easy. Recruitment is Hard
Let me appoint you as the owner of a restaurant with 25 full-time employees. Due to a fast-unfolding health crisis in your city, you expect revenue to drop by 50% in the immediate 60 days and drop further if the problem…
