When the pandemic shut down the economy this spring, Walmart Inc. all but closed the department where Christina Rogers works as an optician. Her children’s schools closed, too. She thought she might have to dip into savings as they hunkered down in St. George, Utah.Though her earnings dropped when she cut back hours to look after her children,and a federal stimulus check put extra money in her pocket.
The coronavirus crisis has unfolded in ways few could have expected. Bankers, consumer advocates and, yes, journalists, assumed that when the economy fell apart in March, Americans’ finances would, too. Many recalled how the last financial crisis knocked millions of people off their feet. This crisis is nothing like the last one. But, with the benefit of hindsight, it is becoming clear just how much the 2007-09 recession shaped the coronavirus recovery.
You are also describing the Obama economy. Difference is Obama policies caused his economy, while a virus and our reaction to it caused this one
Americans all need 2021 good luck 👍 for all Americans.
The stock market is not the economy of course. Americans are suffering and there’s been no leadership through this whole mess.
Let’s get that new $2000 stimulus signed, it’s a direct payment
It was a K-shaped recovery. A lot of people predicted this v
COVID-19 helped the already rich tech companies increase their revenues at the expense of millions of small businesses. SMBs better learn to compete in the online playground if they want stay relevant.
Depends on whose predictions you're listening to, I guess
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