Friday, June 05, 2020

The May unemployment figures should be no surprise.

The reason the Democrats wrote the PPP and enhanced unemployment laws was to bring about exactly what occurred in May. Americans with a stable income through unemployment actually started to spend money once the essentials of housing and food were accomplished. 

May would be the point where past due housing and food needs were finally coming under control and Americans were feeling better about their home budgets. The spending in May was no longer sustenance spending.