Economy Archives - Granite Grok

Economy

What if Biden Wins the Presidency

What if Biden Wins the Presidency?

What happens if Biden wins the presidency? Let’s think about the situation. For the first 3 years of Trump’s presidency, the stock market was rising and the economy was growing.  This masks many of the factors driving a sense of hopelessness in the country. Many Americans and the nation itself have unpayable debt.

Economy

Data Point – Economy surging

Reformatted: Retail sales skyrocketing by 18% in May as states began to reopen their economies. Economists projected that retail sales would increase 5.2% for June. Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday. retail and food services sales for June were $524.3 billion, which is not only a 7.5% increase …

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The Sublime Versus the Ridiculous

The Sublime Versus the Ridiculous In DC

There is a policy battle in D.C. between the sublime versus the ridiculous. House Speaker Pelosi has come forward with a $3 TRILLION HEROES Act stimulus plan. Under her plan, most people would make more money by quitting work and staying home than by working.

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The US Economy Recovered 4.8 Million Jobs in June

June saw another record jump in employment, which is good news. But it is good news the same way that opening a dam lets the water take its natural course. The increase is a result of the government getting out of the way and the economy doing what it has wanted to do for months.