Business opportunities are booming again

The results of the economy favor Trump in the US elections

Small business recovery is a vital sign of the health of the economy.

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This week, the National Federation of Independent Business, a small business association, released its monthly survey on employment and expansion plans, and it was encouraging.

Small businesses, which are considered a vital sign of the health of the economy, are recovering in all areas, and are returning to what they were since the beginning of the year before the Corona pandemic.

And optimism about small business is higher eight months after the pandemic, than it was during the eight years of former President Barack Obama's rule.

And there is also a boom in job opportunities, and the Federal Reserve estimated last March that the impact of the Corona pandemic made the unemployment rate across the country reach 32% higher than the Great Depression, and this percentage became 20% in August, and 18% in September.

The Federal Reserve, the Congressional Budget Office, and Wall Street have been wrong about the current US economic recovery.

So far, about 11 million people have returned to work, and this number is the number of the workforce in Pennsylvania, Ohio, and Indiana combined.

This also does not include businesses that have reopened, but have not yet worked, as indicated by the National Union of Private Business in the monthly survey published in September, where 30% of the union’s members mentioned that the shortage of skilled workers is their first problem.

It is true that there are 10 million unemployed people who receive assistance, after they lost their work due to quarantine and other effects of the Corona virus, but after eight months have passed since the effects of the pandemic, the recovery is impressive.

The Federal Reserve Bank of Atlanta expects gross domestic product to grow by 33% in the quarter that ended on October 1.

If true, it is the largest growth in a quarter of the entire American history.

Experts had expected half of that growth in the best case.

American men and businesswomen are the real heroes here, as they picked up the shattered pieces of their warehouses, stores, factories and laboratories, and rebuilt them again after the Coronavirus storm.

The Organization for Economic Cooperation and Development says that few countries rose from the health crisis of the Corona virus faster than the United States and China did, while most of the European countries' growth was half the American growth.

Americans believe that the economy is doing well, so 56% of Americans say the economy is better than it was four years ago, even after the devastation caused by the pandemic.

We can have a healthy discussion about how President Donald Trump has dealt with the Corona pandemic, and whether people who have died can be saved with different strategies.

But the fact that Trump's policies had saved the economy from total collapse, and thus enabled him to recover quickly, is beyond any doubt, especially if you look at the truth of today's figures.

Or if you ask most Americans how they feel about their own economy and finances.

Stephen Moore is a member of the White House Economic Recovery Task Force

Fluctuations expected

Historically, the election years have provided a boost to the US economy, but due to the Corona epidemic and the closure, this year is slightly different from the norm.

And US elections usually cause increased volatility in the market, especially if the outcome is uncertain.

With the election date approaching, candidate Joe Biden is the main candidate in a number of national opinion polls.

But experts say the markets also favor re-election of the incumbent, so Biden's election could cause wider fluctuations in the market.

Uncertainty is likely to prevail, given that Biden is a Democrat, and his tax plans are different, and focus more on people, not companies.

56%

Of Americans say the economy is better than it was four years ago, even after the devastation caused by the pandemic.

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