Arched eyebrows are becoming a regular thing among economic experts who forecast the future of the economy. At least this time they got the sign right. Experts were predicting an 8% rise in May. It turns out that retail sales jumped 17.7%, more than double the experts’ estimates. This is the largest one-month increase in the history of the country.
This came after a decline of 14.7% in April. Some of this resurgence is undoubtedly due to the stimulus package put together by the administration and passed by Congress. Apparently this administration actually understands how an economy works. This is another example of PDJT’s V-shaped recovery. I’ll bet former President Obama wished he had Trump’s “magic wand.”
Of course, this result was “unexpected.” Really? How many times will they try to fool the public with bad prognostications? Anything that benefits normal Americans and the President is “unexpected.”
Even CNN was impressed.
.@CNN: “We’ve never seen a number like that!” pic.twitter.com/4RvJoG6ise
— Senator Ted Cruz (@SenTedCruz) June 16, 2020
This resurgence has occurred at a time while many large states are still in various stages of lockdown and social mitigation.
This advances a Red State vs Blue State economic war. And the Red States are winning. If retail sales are exploding, it means consumer confidence is sky high. Consumer and business confidence drive the economy. But only Red States are fully open. This means that the recovery is being driven by the Red States.
That is a catastrophe for Blue States’ governors. What this shows is that the Democrats, who have demonstrated that they are incapable of governing at a national level, are now showing that they cannot do so on a state or city level.
Does anyone notice a pattern here? Economic experts are wrong again. How many times is this? The medical experts were wrong over and over with regard to the pandemic. Climate experts have been proven wrong by orders of magnitude. Political experts on the left side of the aisle are wrong again. Just who is paying the salaries of these people who are wrong so often?