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Trump’s ‘rocket ship’ economic recovery is already crashing back down to Earth: NYT

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President Donald Trump’s victory lap last month about the state of the American economy might have been premature.

The New York Times reports that there are signs that the nascent economic recovery is already faltering amid surging numbers of COVID-19 infections.

Even though the economy likely recovered millions of jobs over the last month, recent real-time data suggests that the initial consumer spending surge that began in May as more states reopened has already tapered off.

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“New job postings on the employment platform ZipRecruiter fell in June after rising sharply in May,” the Times reports. “Data on small business openings and employment from Homebase, which provides scheduling and time tracking software for businesses, show that small business employment and openings worsened over the past week, after plateauing for much of June.”

Additionally, foot traffic to retailers has declined significantly in cities that have become hot spots for the virus, including Houston, Phoenix, and Orlando.

Even more worrisome, reports the Times, “a significant share of small businesses have still not reopened, even as states increasingly lift restrictions on their operations.”

Austan Goolsbee, a former top economist for President Barack Obama, tells the Times that the “virus is the boss” and that the economy will not recover economically until the country gets it under control.


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2020 Election

Kris Kobach ridiculed after losing comeback bid in Kansas: ‘Adios amigo’

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Former Kansas Secretary of State Kris Kobach is the projected loser of the state's Republican primary for the U.S. Senate, the Associated Press reported Tuesday.

Kobach, a longtime crusader against immigration, headed up President Donald Trump's so-called "voter fraud commission" before it was disbanded after failing to identify any widespread instances of fraud.

Kobach unsuccessfully ran for governor in 2018.

Here's some of what people were saying about Kobach's defeat:

https://twitter.com/LokayFOX5/status/1290832478865952768

https://twitter.com/davematt88/status/1290831071462875136

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2020 Election

Maddow reveals the ‘shocking sign’ the White House may be betting Trump is going to lose in 2020

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MSNBC anchor Rachel Maddow returned from vacation to host the Tuesday evening edition of her MSNBC show.

Maddow noted, "in 91 days we all get to decide if the guy who's currently in charge of how we're responding to this epidemic should stay in the job for four more years or if Democratic candidate Joe Biden would do better at this."

"It's honestly hard to know what it will be like for a president to stand for re-election with 200,000 dead Americans as a key metric from his first term, while he asks for a second term, but we're going to talk tonight about how some of that is going to work and some of what we can see coming down the pike," she explained. "And a lot of it is very worrying, in terms of the institutions of our democracy and what we count on to keep us a constitutional republic."

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Trump may break with ‘presidential norms’ and give GOP convention speech from the White House lawn: report

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On Tuesday, The Washington Post reported that Republicans are exploring the possibility of President Donald Trump giving his presidential re-nomination speech from the South Lawn of the White House.

"The decision to stage the most high-profile political event of Trump’s reelection campaign at the national seat of presidential power would be just the latest break by Trump in presidential norms, which have historically drawn clear lines between official business of the president and campaign events," reported Michael Scherer and Josh Dawsey. "People involved in the planning said that no final decision had been made on the location of the Republican convention’s celebratory events. Trump abandoned plans to hold the full convention in Charlotte, and later Jacksonville, Fla., over concerns that large crowds could spread the novel coronavirus."

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