Economics
Biden Inherits Economic Laggards That Helped Doom Trump Campaign
- Analysis shows Democrat won in counties worst-hit by downturn
- In Michigan, job losses turn permanent amid fear of Covid wave
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Donald Trump ran for re-election pledging to rapidly restore a pre-pandemic U.S. economy he called the best ever -- and lost in part because that promise didn’t ring true in key industrial battlegrounds.
The problem Joe Biden is inheriting is that in places like Michigan that were crucial to his victory, Trump’s promised bounce-back is looking ever more like a painful grind. Even amid progress toward developing a vaccine, which on Monday was lifting the mood among investors, jobs continue to vanish.