Historic Gains Expected For The Economy This Year, Even As Covid-19 Lingers


With two months already gone here in 2021, the economy is still moving. Despite lingering Covid damage, and projections of another recession under the Biden administration we could see historic gains before the year is up. A big reason why we are where we are is former President Donald Trump. The mainstream has refused to acknowledge it, but they are giving praise to Joe Biden. Economics professor Hank Lewis on Lone Star College told KTRH that's not possible. "No, you can't give someone credit for improving the economy when they've only been in office for a month and a half." But when have facts and truth been an issue? Lewis says Joe Biden's $1.9 trillion dollar stimulus package, if it passes the Senate, will provide a boost for now. "We're not printing money, we're borrowing money. This is not sustainable." Lewis cautions, "Do we really to have a large sector dependent on the government for continued long term support?" The answer would be no. The key will be opening back up once the vaccine and herd immunity settles in by the summer. "This first quarter will depend on the continued rollout of the vaccine, but if we see a resurgence it's not going to be so great." And as for the Fed possibly raising interest rates? Lewis says it's too early to tell, we'll have to wait until summer.

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