President Trump has signed into law a series of orders intended to help the economy amidst the pandemic. Dr. Perryman describes the actual impact of each.
The record-high budget proposal is unique in that it plans to balance the budget in 15 years. The past standard was 10, although neither are likely feasible.
The state of the economy is inevitably a central issue in presidential campaigns, debates, and elections. This year will likely be even more intense than usual, with the fallout from the pandemic causing millions of Americans to lose their jobs, their savings, and, in many instances, their businesses. The best candidate to deal with the situation will be the subject of strong opinions and disagreements. During elections, economics becomes "electionomics," with rhetoric often far overshadowing reality.