Recession – what recession? Even before the sun rose in Silicon Valley Thursday morning, the US Department of Commerce announced second quarter 2022 GDP had contracted at an annualized rate of .09%, the second consecutive quarter of negative growth – a traditional signal of the start of an economic downturn – a (dreaded) recession, if
President Trump has called the COVID 19 Pandemic a "war". If this is a war, we are in trouble. Pandemic has exposed the weak underbelly of the largest economy in the world. The United States of America – in 2020 – lacks the manufacturing and distribution capability to sustain itself during the early stages of a widespread emergency.
USA's economy hangs on a strong infrastructure. Infrastructure drives productivity. But USA's infrastructure is crumbling around us. Why? Repairing and modernizing costs money. Where can Congress find the money without increasing the National Debt? Charter an Infrastructure Bank --
The more goods and services Americans buy from fellow Americans the faster the economy grows. This domestically fueled growth makes our economy less vulnerable to international economic pressures.