The catastrophe is happening … whoever wins!

What if Joe Biden won the American election? And how will he face the great recession that Donald Trump will leave due to his mismanagement, if he does not focus his efforts in the period between election day and the day of the inauguration, in pushing the economy to a catastrophic deterioration, to take revenge on those who have abandoned, in his opinion, the best American president, a scenario that does not seem. He ruled out the possibility that Trump would refuse to leave office, stab him in the results, throw his armed militias into the streets and wreak havoc, leading to the use of violence and other terrifying possibilities for Americans.

The joy of some political, intellectual and academic elites with the advancement of Biden in opinion polls does not stop thinking about the following reality, in case they are in front of the moment when the Democratic candidate enters the White House, taking into account Trump’s misinformation about the economic decline, and his portrait of talking about difficulties. The lives Americans are suffering are like “hype.” How the official and unofficial figures in circulation show the reality of what the economy has become as a result of the failure of Trump’s economic, social and health policies, especially in light of his confusion in dealing with the Corona pandemic .
Statistics confirm that the United States is suffering the greatest economic disaster since the Great Depression of the 1930s. As the economy contracted at an annual rate of 31.4 percent, during the second quarter of this epidemic year. While unemployment peaked during the Great Recession between 2007 and 2009, reaching 10 percent, it reached a higher peak this year in April 2020, registering 14.7 percent, after 40 million were lost. of jobs in the spring, causing the loss of all earnings. Achieved in the two years prior to the pandemic.
However, some signs of a relative recovery have finally emerged, especially after Congress passed a financial aid package against the Coronavirus on March 27, which led to the injection of around $ 2.2 trillion into the economy. But the slowdown in job growth between July and September indicates that the effects of this recovery were limited and have begun to fade, so the economy is still in very bad shape, according to the Federal Reserve.

If Trump loses, it will leave Joe Biden in a first-class economic disaster

In the same context, data taken from the current monthly population survey of the US Census Bureau, released on September 9, reveals important figures regarding job losses between February and August 2020. It turns out that there are around 35 million people, Either they met the official definition of “unemployed” (that is, they looked for work or were temporarily laid off) or they lived with an unemployed relative in August, and this figure includes 9 million children for those families . The official definition of “unemployed” excludes some workers who are marginalized by the crisis, such as those who are absent from their jobs without pay, or others who want to work but do not seek it. Although unemployment rates continued to rise, the validity of the $ 600 financial aid for unemployment benefits expired last July. The president’s executive action to extend the weekly allocation of $ 300 was in effect for only a few weeks, due to lack of funds.
More than that, a survey conducted by the Census Bureau, September 2-14, 2020, shows that millions of families face serious problems providing food and do not pay their rent. About 23 million adults, 10.5 percent of all adults, reported that their families sometimes or often “didn’t have enough to eat” for an entire week. Furthermore, an analysis of data from a survey conducted by the Census Bureau last August showed that between 7 and 11 million children live in a house where they do not get enough food because the family cannot afford it. These conditions led to a 17 percent increase in enrollment in the Supplemental Food Assistance Program (known until 2008 as the Food Stamp Program) between February and May, forcing the government to increase its funding. This comes as food banks witnessed massive participation, prompting them to demand more money and volunteers.
In addition to the above, Americans face housing difficulties, as the Census Bureau survey estimates that one in four renters with children lives in a home that cannot pay rent to landlords. In the same context, Reuters reported, in a report in late July 2020, that Americans owe, in fact, $ 21.5 billion due to their late payment of rental fees to landlords. Worse still, 17.3 million of the 44 million rented families were unable to pay their rent, which means they are facing possible eviction.
These figures and data indicate that in the event that Trump loses the presidential elections to be held next Tuesday, he will leave Biden’s environment with a described economic disaster, the first of which is the confusion at the health level, which the current administration has compounded by underestimating measures to tackle the Corona virus, ignoring the recommendations of health experts, and providing Pink Speculation is unfounded. Between November 3 and January 20 there are other turbulent days if Biden wins. Americans expect a more angry and vindictive “Trump.”

Subscribe to «News» on YouTube here