The US Economy Poised To Come Roaring Back.
The United States economy is going make a huge resurgence this year and most of rebound is due to the effort to get everyone vaccinated. (NY Times)
“The American economy will accelerate nearly twice as fast as expected this year as the expected passage of President Biden’s $1.9 trillion stimulus plan, combined with a rapid vaccine rollout, ignites a powerful recovery from the pandemic, the Organization for Economic Cooperation and Development said Tuesday.
”
The Biden Administration is wise to put enormous efforts into getting the population vaccinated because it will directly lead to an economic rebound. People want to reclaim their old lives and are willing ready to spend money saved up during the lockdowns when there was no place to spend funds they were able to save. The fully vaccinated are the first to find a return to a sense of normalcy and anxiously await the rest of the country to get vaccinated. The new stimulus payments will also give people more of a reason to want a vaccination so they can get out and spend the relief checks that will be coming in the next few weeks.
