If Trump had addressed the pandemic the way he should have done, we'd be into his 2nd term now, and he'd be pushing to make that term permanent.
Powell’s comments come as the Biden administration ups pressure on Congress to pass relief bill with massive funding for vaccines
Federal Reserve Chair Jerome H. Powell said Wednesday that getting Americans vaccinated is the most important thing to help the economy, comments that could boost President Biden’s push to pass a massive new relief package that includes big spending on vaccines.
“There’s nothing more important to the economy right now than people getting vaccinated,” Powell said at a news conference following the Fed’s regular policy meeting.
“That is really the main thing about the economy, is getting the pandemic under control, getting everyone vaccinated, getting people wearing masks and all that,” Powell added. “That’s the single most important economic growth policy that we can have.”
Powell’s comments came on the same day Biden’s covid-19 response team held its first public briefing, with senior adviser Andy Slavitt emphasizing that they cannot reach their goal of vaccinating all Americans unless Congress acts to pass Biden’s $1.9 trillion relief package.
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The economy is getting even worse for Americans with a high school diploma or less education
Last week, the Biden administration took over an economy that has been severely hobbled by the coronavirus pandemic. While unemployment has risen for all types of workers, jobs have recovered slowly but steadily for Americans with some college education, according to Labor Department data. That was true for lower-education workers too, until winter struck.
Standard measures of unemployment don’t capture the full scope of the problem, because they exclude the millions of Americans who are out of work but say they cannot look for a job because of the pandemic.
A better way is to look at the trend among all Americans age 25 or older. In December 2019, 53 percent of these Americans with a high school education or less were employed. By December 2020, that dropped to 48 percent. That means that one out of every 20 has lost employment in the past year. A fifth of those losses occurred in November and December.
These workers tend to be concentrated in the sort of industries that are most directly affected by government restrictions in response to covid-19, such as eating and drinking places, construction and hotels.
- and -
The economy is getting even worse for Americans with a high school diploma or less education
Last week, the Biden administration took over an economy that has been severely hobbled by the coronavirus pandemic. While unemployment has risen for all types of workers, jobs have recovered slowly but steadily for Americans with some college education, according to Labor Department data. That was true for lower-education workers too, until winter struck.
Standard measures of unemployment don’t capture the full scope of the problem, because they exclude the millions of Americans who are out of work but say they cannot look for a job because of the pandemic.
A better way is to look at the trend among all Americans age 25 or older. In December 2019, 53 percent of these Americans with a high school education or less were employed. By December 2020, that dropped to 48 percent. That means that one out of every 20 has lost employment in the past year. A fifth of those losses occurred in November and December.
These workers tend to be concentrated in the sort of industries that are most directly affected by government restrictions in response to covid-19, such as eating and drinking places, construction and hotels.
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The covid-19 recession is the most unequal in modern U.S. history
Job losses from the pandemic overwhelmingly affected low-wage, minority workers
most. Seven months into the recovery, Black women, Black men and mothers
of school-age children are taking the longest time to regain their employment.
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We dodged a bullet. 45* tried to mount an out-n-out revolution - armed rebellion - a fucking coup. He didn't just intend to overturn this one election. He was trying to shit-can our system of self-government. He tried to kill American democracy itself.
We won't be that lucky if we allow a "next time". And there's no mistaking it - next time is already under way.
Josh Hawley
Tom Cotton
Rand Paul
These guys, and others like them, are smart and capable and getting bolder and more ruthless.
Meantime, Kevin McCarthy made a little pilgrimage to Mar-a-Lago.
We don't know exactly what it was about, but it's a fair bet McCarthy wasn't down there just looking in on an old friend.
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