I am going to be retweeting this every month on the night before job numbers to remind people of what has ACTUALLY gone on this year. Most estimates state that the US economy lost in excess of 22 million jobs in the first quarter of 2020 due to COVID... 1/6

I am not going to prognosticate over if those numbers would have been higher or lower had we handled the pandemic differently. That's not my point. My point is this, the White House is touting 9 million jobs in Q2 of this year... 2/6

That statement is like going to a casino, losing $10,000 then hitting a slot machine for 4k and bragging that you made $4,000. Until you have dug yourself out of the hole that you started in, you have no right to brag about anything. Not placing blame, just stating facts... 3/6

PLEASE keep all of this in mind since we still have September/October unemployment numbers coming out before the election and the Q3 economic indicators will be released less than a week before the election and the White House likes to ignore the fact that numbers are down... 4/6

These are the facts, 22 million estimated jobs were lost due to COVID and our Q2 GDP contracted just short of 10%. Any job growth short of 13 million still leaves us at a deficit. Any GDP growth short of 11% is just starting to fill in the hole we are already in. 5/6

Please keep this information in mind when people try to tout post-COVID increases without recognizing the Q1 & Q2 losses. As of the end of July, we are still 13 million jobs and 9.5% GDP in the hole. New unemployment numbers will be released on 9/4 & 10/2 & Q3 GDP on 10/29. 6/6