gitana1
Verified Attorney
- Joined
- May 31, 2005
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Not worried about the US economy. The interruption of the supply chain from China will bring jobs back to the US. Corporate profits have been at record highs for the last decade or longer. Higher wages in the working class will bring greater consumer demand, as workers have money to spend on buying a newer car, furniture, etc. U.S. consumer spending is 70% of our economy, so anything that stimulates it (jobs coming back from the China, etc. is good. Lower oil prices are always good, helping keep inflation down. The only folks getting "spooked" by these developments are the very wealthy investors. JMO
The difficulty is in keeping things going during an extended period of time as we wait for a vaccine and better containment of disease. The investments in health care infrastructure our government makes in this effort has long term benefits.
Yeah but what makes us think that this will cause corporations to decide to bring back production to the US? There are so many countries where they can pay slave wages and turn out tons of product.
The days of American corporations putting American jobs and Americans ahead of profit went out a few decades ago.