Unemployment Filings Underscore Trump’s Failure

Unemployment Filings Underscore Trump’s Failure
shauking / Pixabay

Depression-Level Unemployment Filings Underscore Trump’s Failure to Lead the Nation’s Recovery

WASHINGTON, D.C. – The U.S. economy remains in free fall, as today’s jobs report shows that 42 million Americans have now filed for unemployment due to the COVID-19 pandemic. Compounded with the ongoing civil unrest over systemic racism and police brutality, the Trump administration’s incompetence and inadequacy are worsening all facets of our public health, economic, and social justice crises.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q1 2020 hedge fund letters, conferences and more

Robinhood 2021 Conference: Cathie Wood discusses her investment process with Lee Ainslie [Exclusive]

Yarra Square Investing Greenhaven Road CapitalARK Invest is known for targeting high-growth technology companies, with one of its most recent additions being DraftKings. In an interview with Maverick's Lee Ainslie at the Robinhood Investors Conference this week, Cathie Wood of ARK Invest discussed the firm's process and updated its views on some positions, including Tesla. Q1 2021 hedge fund letters, Read More

Economic Fallout Leads To Depression-Level Unemployment

“Our nation is grappling with several crises that Trump and his administration are actively worsening: a global pandemic that has taken the lives of hundreds of thousands of people around the world, economic fallout leading to Depression-level unemployment, and ongoing protests sparked by the murder of George Floyd and the far-reaching impacts of racism and injustice,” said Kyle Herrig, president of Accountable.US. 

“Today’s jobs report only further underscores how deeply this administration has failed the American people, including and especially communities of color. Any further relief and stimulus efforts must ensure that the communities being hardest impacted by the COVID-19 pandemic have the resources they need to recover.”

African-American Deaths From COVID-19

Black workers have “suffered record numbers of job losses over the last two months.” And according to an analysis from NPR, “African-American deaths from COVID-19 are nearly two times greater than would be expected based on their share of the population. In four states, the rate is three or more times greater.”

The catastrophic numbers coming out of today’s report are a direct result of President Trump’s failed response to the coronavirus pandemic. From neglecting to distribute necessary testing resources to states, to ignoring expert advice, to putting people in charge with no experience, it is clear that this administration’s response to the COVID-19 pandemic has been driven by corruption and cronyism, not by what’s best for the American people.

No posts to display