(800) 421-8442
support@intouchemr.com

WEBINAR Member Login

MENU
LOGIN
SOLUTIONS
CALL
In Touch EMR

Questions? Call Us

☏ (800) 421-8442

  • Why Us
    • Our Story
    • Our Vision
    • EMR Demo
    • Biller Pro Demo
  • Compare
    • How You Save
    • How You Profit
    • FAQ
  • SOLUTIONS
    • Our Vision
    • BILLING SERVICES
      • About
      • SCHEDULE A CALL
      • FAQ
    • Coding Services
    • Patient Eligibility
    • BILLING SOFTWARE
      • Benefits
      • Clearing House
      • FAQ
      • Schedule My Demo
    • Resource Center
    • PRODUCTS
      • Executive Briefing
      • DVD
  • PRAISE
  • CONTACT
  • SCHEDULE DEMO

WHITE HOUSE CHIEF ECONOMIST: PRESIDENT WANTS QUICK AND TEMPORARY EXTENSION OF UNEMPLOYMENT BENEFITS

The U.S. economy shrank 9.5 percent from April through June, the largest quarterly decline since the government began publishing data 70 years ago.

Dueling speeches on the Senate floor today appeared to be aimed at setting up political blame as Congress remained on the cusp of failure to reach a deal as expanded jobless benefits for some 20 millions Americans were poised to expire Friday.

Chief Economist at the National Economic Council and special assistant to the President Joe LaVorgna was interviewed today, and Dr. Chhoda analyzes his interview and highlights key comments from LaVorgna below:

Second-quarter GDP dropped by 32.9% as the U.S. economy continues to suffer due to the pandemic. Figures are annualized, so the real drop is 9%. This clearly is a ‘pandemic contraction’. This is like a natural disaster. We expect a much stronger third quarter, second half of the year.

We are on the right path, we are going to see some weakness, nothing moves in a straight line, even a V shaped recovery is good, the numbers look really good

Move in copper has been incredible, surge in industrial demand, Commodity prices accelerating, dollar is still very strong, we are not worried about inflation in the short term

President wants a quick and temporary extension of the federal unemployment insurance, the plus up, want to extend the moratorium on evictions, give credit to businesses to retain workers, and give credit to incentivize people to go back to work.

We will recoup all the lost output’ with our pro-growth policies, where we incentivize risk taking, my role is to focus on the economy, tell people what the markets are saying, and to me, things look really good, that’s where my focus is, that’s where it’s going to continue to be.

Do you want direct, breaking news alerts from Ignition Time? Get your cell phone out and from your cell phone, send an SMS:

TEXT IGNITION TO 70000
or
TEXT TIME TO 70000

FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced. Opt out at any time.

Subscribe to our Youtube channel for more updates.

Related Videos

Managing your Money Crash Course

Millionaire Mindset Blueprint

Stimulus Proposals

Stimulus Check Updates

Unemployment Benefits Crash Course

Remote Work 101

Reference

https://www.washingtonpost.com/business/2020/07/30/gdp-q2-coronavirus/

https://www.washingtonpost.com/business/2020/07/30/economists-favor-big-stimulus/?hpid=hp_hp-top-table-main_ecoanalysis-4pm%3Ahomepage%2Fstory-ans

https://www.washingtonpost.com/politics/senate-leaders-trade-withering-criticism-as-benefits-set-to-expire/2020/07/30/af3d4df8-d272-11ea-af07-1d058ca137ae_story.html

White House economist: We’re viewing massive GDP plunge as a ‘shock’ pandemic contraction

  • Privacy Policy
  • Earnings Information
  • Contact Us
  • Sitemap

Copyright © 2023 In Touch EMR. All rights reserved.

Website security
  • Why Us
    ▼
    • Our Story
    • Our Vision
    • EMR Demo
    • Biller Pro Demo
  • Compare
    ▼
    • How You Save
    • How You Profit
    • FAQ
  • SOLUTIONS
    ▼
    • Our Vision
    • BILLING SERVICES
      ▼
      • About
      • SCHEDULE A CALL
      • FAQ
    • Coding Services
    • Patient Eligibility
    • BILLING SOFTWARE
      ▼
      • Benefits
      • Clearing House
      • FAQ
      • Schedule My Demo
    • Resource Center
    • PRODUCTS
      ▼
      • Executive Briefing
      • DVD
  • PRAISE
  • CONTACT
  • SCHEDULE DEMO
  • MEMBER LOGIN
  • COVID-19 RESPONSE
  • TELEHEALTH MANIFESTO