The Great Depression, 9/11, and the 2008 financial crisis dealt serious shocks to the nation and resulted in the expansion of government.
When a crisis happens, leaders in Washington try to mitigate financial ruin and to boost morale which often results in the creation of programs that have a lasting impact. The creation of Homeland Security, unemployment benefits, and new regulations on banks have stemmed from national disasters. The coronavirus pandemic is no exception as more than 30 million Americans have applied for unemployment insurance over the last six weeks.
This week, Politics with Amy Walter examines how the government response to the coronavirus pandemic compares to dilemmas of the past.Tony Fratto, deputy assistant to President George W. Bush andJason Furman, top economic adviser to President Barack Obama share what it was like to lead the country through an unprecedented shock. Jerry Seib, the executive Washington editor of The Wall Street Journal, explains why there’s more widespread support for government intervention today versus during the 2008 financial crisis.
Erica Werner, a congressional reporter for The Washington Post, describes how members of Congress have been working together on multiple COVID-19 recovery packages and how likely it is that the partnership lasts. Annie Linskey, a national political reporter at The Washington Post, shares how Joe Biden’s campaign is adjusting to the realities of campaigning from home as a result of the pandemic.
Finally, Mayor Quentin Hartof Waterloo, Iowa shares how his constituents are dealing with the coronavirus outbreak and how a local outbreak is tied to the city’s Tyson Foods plant.
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