Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(107,996 posts)
Sun Jul 26, 2020, 01:20 PM Jul 2020

'The virus is the boss.' Ex-Obama economist warns pandemic could cause financial crisis

Joe Biden could inherit an even more disastrous economy than Barack Obama did when he won the White House during the 2008 financial meltdown.

"Whoever is coming in there in January 2021 might be facing worse conditions than in 2009, as hard as that is to believe," Austan Goolsbee, who helped guide Obama through the Great Recession, told CNN Business.

Goolsbee, who chaired the president's Council of Economic Advisors in the aftermath of that crisis, is worried that the fragile economic recovery will stall if the worsening pandemic isn't quickly brought under control.

"That will tank the economy -— just like it tanked it before," Goolsbee said in the interview.

https://www.msn.com/en-us/money/markets/the-virus-is-the-boss-ex-obama-economist-warns-pandemic-could-cause-financial-crisis/ar-BB17cB7U?li=BBnb7Kz

Yeah let's put a businessman in charge of the country. Problem is too many didn't realize he was a failed businessman.

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
'The virus is the boss.' Ex-Obama economist warns pandemic could cause financial crisis (Original Post) Yo_Mama_Been_Loggin Jul 2020 OP
Really? Ok Nostradomus. Boomerproud Jul 2020 #1
Latest Discussions»General Discussion»'The virus is the boss.' ...