• About Us
  • Paper Locations
  • Contact
Hispanic News || Shirley Ann Flower Shop || RS Deer Ranch
Sunday, August 7, 2022
MEDIA KIT
African American News and Issues
63 °f
Houston
  • National
  • Local
  • Opinion
  • Sports
  • Education
  • Health
  • Politics
  • Announcements
  • Afram TV
  • Events
  • Entertainment
No Result
View All Result
African American News and Issues
  • National
  • Local
  • Opinion
  • Sports
  • Education
  • Health
  • Politics
  • Announcements
  • Afram TV
  • Events
  • Entertainment
No Result
View All Result
African American News and Issues
No Result
View All Result
Home National

Debate check: What’s a V-shape & K-shape economy?

aframnews by aframnews
6 months ago
in National, News, Politics
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
FacebookTwitterPinterestLinkedIn

To say the first presidential debate between President Donald Trump and former Vice President Joe Biden was explosive is an understatement, and after picking up or jaws from the back and forth heated exchanges, many were left scratching our heads over some terminology that needs a little further explanation.

You might also like

IN MEMORIAM: Basketball Legend Bill Russell Dies at 88

Fearing a Recession, Many Express Misgivings about a Looming Downturn

Rocket Mortgage ‘Changing the Course’ for Black Detroit Residents During PGA TOUR Event

Fox News anchor and debate moderator posed what appeared to be one of the hardest, but shortest to answer, questions to both politicians.

“Please explain what is a V-shape and K-shape economy,” he asked.

President Trump and Biden danced around it a bit, and neither had a simple answer.

For those of us who failed to pay attention in Economics class, a V-shaped economy is one that will bounce right back to where it was pre-pandemic. A K-shaped recovery happens when the rich recover much faster than everyone else.

If our economy falls into a K-shape, the impact will be largely felt by the southern parts of the United States.

Southern states were hugely impacted by COVID-19, which left more people affected by unemployment. This means that whether you are a Democrat or a Republican, if you live in the south, your chances of recovering from the pandemic could take years.

According to the Center for Disease Control (CDC), the southern states that were hit the hardest by the pandemic include Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia and West Virginia.

During the debate, President Trump and Biden never directly addressed their plans for southerners but did address the Affordable Care Act and the economic stimulus.

“He’s in the Supreme Court right now trying to get rid of the Affordable Care Act,” Biden said.

“I got rid of the individual mandate,” Trump replied, referring to the law’s requirement that everyone have health insurance.

Depending on how the economy will shape itself, southerners need to start planning for the road ahead.

The next debate will be held on Thursday, October 15, at the Adrienne Arsht Center for the Performing Arts in Miami.

 

 

Tags: DebateeconomyElection 2020u shapev shape
Share30Tweet19
aframnews

aframnews

Recommended For You

IN MEMORIAM: Basketball Legend Bill Russell Dies at 88

by NNPA
August 5, 2022
0
IN MEMORIAM: Basketball Legend Bill Russell Dies at 88

By Stacy M. Brown, NNPA Newswire Senior National Correspondent @StacyBrownMedia Boston Celtics Legend Bill Russell, one of professional basketball’s greatest players and the sport’s most crowned champion, has...

Read more

Fearing a Recession, Many Express Misgivings about a Looming Downturn

by aframnews
August 4, 2022
0
Fearing a Recession, Many Express Misgivings about a Looming Downturn

The silver lining now is that, unlike in previous downturns, the Federal Reserve and the U.S. government have already taken action by making critical adjustments to fiscal and...

Read more

Rocket Mortgage ‘Changing the Course’ for Black Detroit Residents During PGA TOUR Event

by NNPA
July 30, 2022
0
Rocket Mortgage ‘Changing the Course’ for Black Detroit Residents During PGA TOUR Event

As competition in the classic heated up, officials have continued to embrace the mission of giving back to Detroit and the city’s predominately Black neighborhoods. By Stacy M....

Read more

Emory University Announces the first African American Studies Ph.D. Program in the U.S. Southeast

by NNPA
July 26, 2022
0
Emory University Announces the first African American Studies Ph.D. Program in the U.S. Southeast

Though each student is guaranteed funding and support for five years, funding for a sixth year – if needed – will be possible. By Stacy M. Brown NNPA...

Read more

Congressman Al Green Responds to Governor Abbott’s Claims Denying Uvalde Cover-up

by aframnews
July 25, 2022
0

(Houston, TX) — On Monday, July 25, 2022, Congressman Al Green released the following statement: “Today marks 61 days since May 25, 2022, the day that Governor Greg Abbott...

Read more
Next Post

All Blacks ain’t Black!

Latest Articles

Monkeypox, Covid, and Your Vote

Monkeypox, Covid, and Your Vote

August 6, 2022
Can I Change My Mind?

Can I Change My Mind?

August 6, 2022
Back To School

Back To School

August 6, 2022

NEED PAST ISSUES?

Search our archive of past issues Receive our Latest Updates
* indicates required
  • Local
  • National
  • Community
  • Education
  • Politics
  • COVID-19
  • Entertainment
  • Lifestyle
  • Sports

ARTICLES

  • Local
  • National
  • Community
  • Education
  • Politics
  • COVID-19
  • Entertainment
  • Lifestyle
  • Sports

CONNECT WITH US

  • Home
  • Advertise With Us
  • Contact

OTHER PUBLICATIONS

  • Hispanic News
  • Shirley Ann’s Flower Shop
African American News and Issues

African American News & Issues
6130 Wheatley St
Houston, TX 77091
(713) 692-1892

Subscribe To Our Newsletter

Copyright © 2022. African American News & Issues. All rights reserved. Private Policy | Terms of Use |

No Result
View All Result
  • Home
  • National
  • Local
  • Opinion
  • Sports
  • Education
  • Health
  • Politics
  • Entertainment
  • Announcements
  • Events
  • Afram TV
  • Contact

Copyright © 2022. African American News & Issues. All rights reserved. Private Policy | Terms of Use |

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?