The COVID-19 Recession Is All on Trump

A couple of months ago, I remember arguing that it would be fairly easy to restart the economy once we had defeated COVID-19. My reasoning was pretty simple: unlike a normal recession, which breeds a tremendous amount of uncertainty, an artificial recession can be brought to a clean end. Once COVID-19 is gone, businesses can be certain that the economy will recover immediately, especially since government aid programs ensured that consumers had plenty of money saved up to begin buying stuff again.

Now, I’ll fess up to being a little too cavalier about this. It was probably always going to be harder than I thought. But one thing I never took into consideration—because it seemed ridiculous—was the notion that we would just give up on COVID-19 and therefore cause precisely the kind of uncertainty you get with a normal recession. I mean, that’s just crazy, right? No one would do that.

But in the era of Trump, that’s exactly what we did. So not only do we have a deep recession, but nobody knows when it will end. And even if it looks like it’s about to end, nobody can be sure that it’s really ending. If anything, Trump has created an economic doom loop with even more uncertainty than any recession we’ve ever had. And I guess the public is finally catching on to that:

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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