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The Realignment

Ep. 34: Heather Long, The COVID-19 Economy Part II

The Realignment

The Realignment

Technology, News Commentary, National Security, Marshall Kosloff, International Relations, News, Public Policy, Economics, Politics, Saager Enjeti, U.s. Politics, Policy

4.82.5K Ratings

🗓️ 22 May 2020

⏱️ 41 minutes

🧾️ Download transcript

Summary

Washington Post economics correspondent Heather Long joins The Realignment to unpack impact of COVID-19 on the labor market.

Transcript

Click on a timestamp to play from that location

0:00.0

Marshall and Saga here. Welcome back to the Realignment.

0:04.0

This week we're really excited to bring you an episode with Heather Long. Heather is

0:13.6

an economics correspondent at The Washington Post. It was really valuable for us I think

0:18.4

and I think we were valuable for you guys as listeners is. Heather is an actual reporter.

0:22.8

So we have people on like Matt Stoller our last episode where they're talking about their

0:26.5

hypotheses, their thesis, how they think things are going to play out. But Heather because

0:31.1

she's actually writing about the economics of the coronavirus and how the actual job

0:35.5

picture is going to look is they would bring in people's actual stories and really mix

0:39.7

it in with data. So we started off with just the very really harrowing point that right

0:45.1

now we have a 14.7% unemployment rate in terms of last month's jobs report. And she also

0:50.7

goes into how if we actually look at the broader sort of macroeconomic factors that unemployment

0:55.4

rate is probably closer to 20%. The other thing that I was really interested in was the

0:59.7

discussion over how small businesses and then different industries are going to cope

1:03.2

with the lockdowns. So is that restaurant that you've grown up next to for the entirety

1:08.3

of your life? Is it going to survive the crisis? Are movie theaters, you know, ride share

1:12.6

apps, I mean all those sort of businesses we've grown used to are they going to be in

1:16.4

the same sort of state after the lockdowns end? And everybody listens to the podcast

1:21.6

knows that one of the things that concerns me most is about the government response to

1:25.9

this pandemic. And that's something that Heather's kind of nonpartisan expertise was really

1:31.3

great to discuss with just the size and the scope from her perspective of the long term

1:35.9

fiscal implications of the government spending package. We're not the same country that

1:39.8

we were in 2000 and after 2008 were a different country after the coronavirus crisis. And the

...

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