4.7 • 8K Ratings
🗓️ 18 April 2020
⏱️ 51 minutes
🧾️ Download transcript
Can the biggest stimulus in modern U.S. history stave off home foreclosures, save businesses and prevent the worst economic crash since the Great Depression?
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0:00.0 | From the Center for Investigative Reporting in PRX, this is Reveal. |
0:08.5 | I'm Alexan and I don't need to tell you. |
0:12.0 | We are living through some scary times that most of us never imagined could happen. |
0:18.0 | So I'm standing outside my house right now and my neighborhood is normally pretty busy |
0:22.0 | this time of day. |
0:23.4 | It's family friendly pulsating with life but now there are hardly any cars on the road. |
0:28.8 | The absence of little kids laughter, it's eerie. |
0:32.9 | It's like we're all trapped in a story and not reality. |
0:37.3 | I'll admit it's easy for me to go there because I read a lot of post-apocalyptic stories. |
0:43.1 | The one that stands out in my mind right now is Parable of the Sower by Octavia Butler. |
0:49.1 | It's about the collapse of society and a woman who forms a community out of the remnants. |
0:54.3 | You know, the book makes it clear that when the world is falling apart, well it's not |
0:58.6 | just one thing, it's all the things. |
1:01.9 | In this era we're in, that feels true. |
1:04.5 | As we grapple with the medical crisis surrounding COVID-19, there's also the financial one. |
1:10.4 | We are going into a global recession. |
1:12.8 | This is worse than 2008. |
1:15.0 | This is worse than 1987. |
1:17.0 | In fact, we anticipate the worst economic fallout since the Great Depression. |
1:25.0 | Now we all hope it doesn't go that way, but many of the world's leading economists believe |
1:30.7 | we could be facing the worst crash in close to a century. |
1:34.7 | That's despite Congress passing a $2.2 trillion stimulus package. |
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