Prior to the COVID-19 pandemic, then-President Donald Trump, with a big tax reform assist from the then-GOP majority in Congress, had the U.S. economy cooking with gas, as the saying goes.

It was red-hot and getting hotter as American corporations relocated assets back to the states, canceled foreign expansions, and reinvested in their domestic operations. Small businesses sprang up with existing businesses thrived. There were literally more jobs than available workers; with a 3.5 percent unemployment rate, many economists stated that the country was essentially at full employment

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