Page 10 - Fix This Time News Today : Breaking News, Live Updates & Top Stories | Vimarsana

( ThyBlackMan.com) The means, by which our economy can reach its potential of creating consistently over 200,000 jobs monthly, has to directly involve the consumer! The reason, for making this statement is relatively simple. The consumer makes up approximately 70% of our GDP (gross domestic product), which means Consumer Spendingis responsible for 70% of the jobs created in our economy. Joe Biden’s continued pragmatic, and fact-based approach to growing our economy will not fail, because it is data driven. Using factual information to rebuild the U.S. economy will make the Biden administra...

Joe Biden is poised to launch a Covid-19 economic relief plan worth trillions of dollars. Here are some meaningful observations for all of us to consider in the run-up to Mr. Biden’s planned announcement of the details of his Covid-19 economic spending plan on Thursday. It is questionable, whether Mr. Biden, the Democratic Party, and his economic team view direct payments to consumers as a Direct Consumer Tax Cut. Obviously, if they admitted it, they would have to admit to how remarkably successful CONSUMER SPENDING has been at creating jobs throughout this Economic Downturn. The Cares Ac...

ThyBlackMan.com) It is important, how President Biden and his economic team define stimulus. It is a misnomer to call the entire economic relief package, such as the Cares Act, “stimulus legislation only,” because part of the funding within it was clearly used for relief, such as unemployment benefits, and aid for Americans in need of food. It is estimated, though, 160 million, stimulus checks were issued by the IRS, since the passage of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, in March of 2020. An estimated $290 billion has been given directly to consumers...

( ThyBlackMan.com) When the Bureau of Labor Statistics (BLS) delivers its April jobs report on May 8, 2020, at 8:30 a.m., it will show high unemployment rates for the general population. It will also, show the black population, which is the first worker group laid-off in any Economic Downturn has slipped into a Great Depression. However, because the Trump administration is low balling the unemployment numbers by using the category of U-3 based on the Alternative Measurements of Unemployment ( http://www.bls.gov/news.release/empsit.t15.htm), the nation won’t know the true condition of the la...