by N.Morgan

The current political events and the new administration’s takeover could force an economic collapse such as we’ve never seen.. In the video below, Brad discusses what may pass and how to prepare for it.

When President Trump took office in January 2017, he inherited an economy in its 91st month of economic expansion following the end of the Great Recession in June 2009. That expansion continued into 2020, becoming the longest on record, but a sharp contraction in economic activity arising from COVID-19 ended it.

While the expansion was long, both the economy’s average annual growth rate and the typical worker’s earnings gains were relatively modest by the standards of earlier long expansions. The President claimed that his policies would produce a substantial and sustained increase in economic growth, and his Council of Economic Advisers claimed that those policies would boost wages and employment substantially. By contrast, the Congressional Budget Office (CBO) and many other non-partisan analysts projected much slower economic growth and smaller increases in most workers’ earnings.

This chart book documents the 2009-2020 economic expansion and will continue to track the evolution of the economy. It supplants its predecessor, “The Legacy of the Great Recession,” which covers the decade from the start of the recession in December 2007 through December 2017 with a focus on the plunge into and recovery from the Great Recession.

References:

https://www.youtube.com/watch?v=pIvxP5uhvbU&ab_channel=FullSpectrumSurvival

https://www.cbpp.org/research/economy/chart-book-tracking-the-post-great-recession-economy

Stories Contributed by N. Morgan

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