How Fast Will the Economy Recover From COVID-19?

Apparently my old workplace has been deemed nonessential. Sad.Kevin Drum

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How quickly will the American economy recover after the COVID-19 pandemic is over? That depends on a whole lot of things:

  • Will it really be over in a couple of months? Or will small outbreaks keep springing up here and there?
  • Will there be another big outbreak in the fall?
  • Will there be a widespread outbreak in the southern hemisphere later this year?
  • How quickly will our trading partners in Europe recover? And Asia?
  • How soon will people return to their old spending habits?
  • Will we provide the right kind of rescue and stimulus spending?

That’s a lot of unknowns. I’ve been pretty solidly on the side of believing that the economy can bounce back fairly quickly from the pandemic, but the more I read about new outbreaks in Asia; pandemic spread in the southern hemisphere; northern European unwillingness to help their poorer neighbors; and so forth—the more I read about this stuff, the less confident I become.

I have no strong new opinion to share here. I’m just acknowledging that this is a question that depends on a whole lot of unknowns.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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