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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FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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