The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Trump Cancels Midyear Economic Forecast. Can He Cancel the Crisis, Too?

Jun 1, 2020

So Trump decided to cancel the annual White House updated midyear economic forecast, a standard forecast done for decades by all Presidents and why?

Not too hard to figure out—it looks bad! And what time is it? Election time.

With over 41 million Americans having filed for unemployment benefits, he figures “Why repeat bad news?”

Trump repeatedly says that the economy will get better in the 3rd and 4th quarters of this year, and that 2021 “will be one of the best years we’ve ever had.”

But don’t try to take that to the bank. After all, the novel coronavirus didn’t disappear like a miracle, either.