Monday, May 25, 2020

The Economy is Starting to Turn Upwards



The Wall Street Journal reports:
The number of travelers passing through Transportation Security Administration security screening checkpoints fell to 87,534 on April 14, 96% below the same day a year earlier. But by May 22, the figure had more than tripled to 348,673, although that is still down 88% from the same day a year earlier. Meanwhile, data from online restaurant-booking company OpenTable shows diners are beginning to return in several states.
The turn upward is starting but you have a serious number of governors and mayors in lefty states keeping a hard lockdown, as long as this continues the progress is going to be slow.

The most significant hard lockdown state is California with it accounting for roughly 15% of U.S. GDP and the economy pretty much shut down in the key metropolitan areas of Los Angeles and San Francisco.

-RW


4 comments:

  1. First of all, I'm not a fan. But the number of TRUMP 2020 flags flying from boats here in Florida is stunning. I see a Red sweep in November. NOT the lefty reds harhar.

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    1. I am seeing the same thing in my rural Northern California area. I drive all over the place for work and I've seen a lot more Trump flags than I did 4 years ago.

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  2. Imagine if Hillary Clinton was President right now.... How do you think the country would be doing?

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    1. Nothing would be happening... massive corruption and on-going military murder, but no virus panic. The press would be all "you're safe (thanks to our Dear Leader)".

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