Tags: Trump Administration | economy | consumer | spending | indicators | moore

Stephen Moore Hails a 'Good Week for the Economy'

stephen moore sits in a chair on stage and speaks at cpac.
Economist Stephen Moor speaks at the Conservative Political Action Conference 2020.  (Samuel Corum/Getty Images)

By    |   Sunday, 19 July 2020 10:36 AM

While economic indicators delivered a "good week" of news for the American economy, urban areas are still plagued by a number of challenges, according to economist Stephen Moore.

"Every one of the 50 states in the country had increased employment last month," Moore told "The Cats Roundtable" on WABC 770 AM-N.Y. "That’s a very good sign. We also had good, healthy consumer spending numbers."

Moore told host John Catsimatidis the data is "another really good indicator" that "this V-shaped recovery continues to improve.

"This was a good week for the economy," he concluded. "No question about it.”

Things are looking far less positive for cities, however. Not only have they been ravaged by the coronavirus pandemic, but they have been hit hard economically and impacted by violent riots and vandalism.

"These big cities in America, including New York and Chicago in Los Angeles and Seattle and San Francisco, have been hit with a double whammy," Moore said. "They've been hit with a lot of cases of coronavirus, which has scared people from moving back into the cities. But then, of course, you’ve had the problem with rioting and protests and arson . . . that have made Americans feel that cities are not safe."

And, to pour fuel on a raging fire of it all, Democrats running a city like New York City are slashing police budgets and imposing restrictions on policing.

"You saw what happened there in New York City where they cut $1 billion from the police budget," Moore said "That's not a very smart thing to do if you want to keep people safe and secure. I think it’s going to be tough for cities going forward.”

© 2020 Newsmax. All rights reserved.


   
1Like our page
2Share
Politics
While economic indicators delivered a "good week" of news for the American economy, urban areas are still plagued by a number of challenges, according to economist Stephen Moore....
economy, consumer, spending, indicators, moore
282
2020-36-19
Sunday, 19 July 2020 10:36 AM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved