A Guide to the Economics and Politics of the Coronavirus Recovery
The Political Scene | The New Yorker
The New Yorker
4.3 • 3.9K Ratings
🗓️ 28 May 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
Just a month ago, experts were predicting that the American economy would be slow to recover from the pandemic. Unemployment remains at record highs, but, as the country begins to reopen, federal policies that have bolstered small businesses and bailed out big ones seem to have helped avoid another Great Depression. John Cassidy joins Dorothy Wickenden to discuss how good news about the economy complicates Joe Biden’s campaign against Donald Trump.
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| 1:11.4 | This is the political scene, a weekly conversation with New Yorker writers and guests about |
| 1:16.5 | politics. It's Thursday, May 28th. I'm Dorothy Wickenden, executive editor of The New Yorker. |
| 1:23.9 | As the coronavirus pandemic enters its fourth month, Americans are getting baffling mixed messages about the economy. |
| 1:32.2 | In the past 10 weeks or so, more than 40 million people have filed for unemployment benefits, the highest number since the Great Depression. |
| 1:41.1 | More than 100,000 people have died from the virus in the United States, the highest toll in the world, |
| 1:47.3 | and the country is still reporting an average of 1,000 deaths every day. |
| 1:52.8 | Still, states are beginning to reopen. |
| 1:55.4 | The stock market is rising, and economists are optimistic that the economy will quickly rebound. |
| 2:01.8 | In April, Jason Furman, one of President Obama's key economic advisors, |
| 2:07.2 | startled officials of both parties by predicting, |
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