The plan "demonstrates to the American public that the federal government is taking a very proactive and very strong approach toward trying to shore up the economy and the economic pain that’s coming from this," says Grant Reeher, professor of political science.
Professor Mary Lovely was interviewed for the Christian Science Monitor about the COVID-19 crisis and its impact on creating a more globalized world, while other professionals argue less globalization impact.
"Most observers believed that the agriculture sector was hurt and would need an extraordinary year to make up for that. I don’t think they’re going to see it," says Mary Lovely, professor of economics.
Dana Radcliffe, professor of public administration and international affairs, discusses the economic transition under the conditions of COVID-19. In light of price gouging of essential PPE materials, Radcliffe said "One party has all the power because the other person is in a vulnerable situation of sometimes desperate need."
"I think it is fair to say that the tax increase—assuming it is as big as Senator Sanders projects—is about as large as the [13-point] tax increases enacted to finance World War II," as measured as a share of GDP, says Leonard Burman, Paul Volcker Chair in Behavioral Economics.
"Everything the president has done has shown that the advice of more traditional economists has actually been very solid—so we don’t see the trade deficit closing as a result," says Mary Lovely, professor of economics.
"The Trump administration's stated goal was to ensure that more of the vehicles will be produced in North America. But the outcome will be just the opposite," write Professor Mary Lovely and her co-authors.