Elections impact on KC economy

Experts say voting results show the economy is rebounding.

THIS MORNING WE'RETAKING A MINUTE TOFOCUS ON WHAT WE CANLEARN ABOUT THEECONOMY BASED ONTUESDAY'S ELECTIONS INMISSOURI.FROM CLAYCOMO TOGRANDVIEW - VOTERSAROUND OUR AREAAPPROVED JUST ABOUTEVERY PROPOSAL TO TAXTHEMSELVES.WE ASKED AN ECONOMISTWHY PEOPLE ARE WILLINGTO ADD NEW TAXES ORRENEW EXISTING TAXES INTHE MIDDLE OF APANDEMIC.THE ANSWER IS PEOPLEHAVE REALIZEDGOVERNMENT ISIMPORTANT.DURING THE PANDEMIC -THE GOVERNMENTPROVIDEDUNEMPLOYMENTASSISTANCE - STIMULUSCHECKS - VACCINES - ANDPEOPLE ARE WILLING TOPAY FOR HELP LIKE THAT.Bill Black // UMKC AssociateProfessor of Economics and Law"All credit to the voters youtalkedabout, that's one of the thingsthey'resaying is we can't wait tillthings getcatastrophic, we need to fixthingsnow."LAST MONTH - THEOFFICIAL CONSUMERCONFIDENCE INDEX HIT ITSHIGHEST POINT SINCE THEPANDEMIC BEGAN.BLACK SAYS THESEELECTION RESULTS ANDTHE CONSUMERCONFIDENCE NUMBERSMAKE HIM OPTIMISTIC THEECONOMY WILL GETSTRONGER FASTER THANMANY EXP