Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The CBS article links to the Chicago Fed National Activity Index news release which has four charts dating back to 1970 to provide historical perspective on the CFNAI Index, which is especially helpful to visual learners.
http://www.chicagofed.org/~/media/publications/cfnai/2020/cfnai-may2020-pdf.pdf
Needless to say since 1970 nothing comes close to the drop in US economic activity due to this COVID-19 financial crisis.
I have a great idea: Let’s give Illinois legislators and state employees raises! We can tax the unemployment benefits of those that recently lost their jobs to pay for it! (the state withholds a 5% cut of unemployment compensation for taxes).