It took President Trump three years to build the world’s best economy with an unemployment rate of only 3.5%, rising wages, strong consumer confidence, and a robust stock market. Sadly, it only took three weeks for that healthy economy to be destroyed and the longer the economy is closed for business, the harder it will be for our nation to recover.
The new unemployment numbers are horrific. Another 4.5 million Americans applied for unemployment benefits last week. Since the beginning of this health crisis in March, the total number of unemployed Americans has exceeded 26 million.
Some experts believe the unemployment rate will eventually surpass 20%, nearing the all-time high of 24.9% in 1933, in the middle of the Great Depression.