Where is The U.S. Economy Headed?

Image by Gerd Altmann from Pixabay
On the Point commentary by Greg C. Truax

A struggling U.S.  economy continues in 2021 from a pandemic-induced recession.

A concern:   In December, nonfarm payroll employment fell. The first jobs decline since April. Today, we’re 9.8 million jobs lower than when the national recession started. 

But leading economists in a Wall St. Journal survey expect the U. S. economy will grow smartly at 4.3 percent this year, citing vaccinations now underway and proposed additional  financial stimulus from Washington.

Already, Congress has passed almost $3 trillion to combat the pandemic.

A new $1.9 trillion  package is up for Congressional debate. But the proposal should not be a green light for profiligate spending.

Rather, new coronavirus relief  should focus on boosting the economy, including  people and businesses most in need.

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Greg C. Truax is a documentary filmmaker and publisher of AliveTampaBay. His On the Point commentaries air weekly on WHBO 1140 AM.
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