Brace Yourself for Trump's Great Recession | Robert Reich

Former Secretary of Labor Robert Reich warns of the looming Great Depression brought on by Trump and the GOP's refusal to act to mitigate the damage wrought by this pandemic.

Trump and businesses demanded America "reopen" to revive the economy. But we’ve reopened too soon, before COVID-19 is under control. So we're needing to close or partly close again, which will prolong the economic downturn and wreak even more havoc on millions of Americans’ livelihoods.
The wave of evictions and foreclosures in the next 2 months will be unlike anything America has experienced since the Great Depression. And the expiration of expanded unemployment benefits at the end of July will leave unemployed Americans with a 60% income reduction and no stimulus check to fall back on. Meanwhile, state and local governments are forced to gut vital public services like low-income housing and health care — even as over 16.2 million households have lost employer-provided health insurance.

So what’s Trump’s and Mitch McConnell’s response to this looming catastrophe?

Do nothing.

This is lunacy. The priority must be getting control over this pandemic and helping Americans survive it physically and financially. Extra unemployment benefits must be extended. The HEROES Act must be signed into law. Moratoriums on evictions and foreclosures must be extended. If it’s necessary to go back to sheltering in place to contain this pandemic, we must be willing to do so.
This shouldn't be controversial. It's the bare minimum of what our government must do to prevent an even worse economic and human catastrophe.

Anything less is indefensible.

[TheTruth-ulrz]

The companies are not using the money to increase the essential people’s income. They are keeping the money as profit. Greed

[marketslice]

A lot of politicians find it hard to understand that you can't quarantine at home if you don't have a home....

[kylewalter]

The USA has failed in nearly every category. We have fallen behind nearly every other developed nation and have been an example of what not to do.

[scottburke]

As someone from the outside all I can think about is how we are watching the fall of the American empire. Your country will need generations to repair the damage done by President Trump.

[someguynamedvictor]

A whole new demographic is being formed. An army of people with nothing left to lose. If they think the riots were bad, they haven't begun to understand the coming chaos.

[andrewclifton]

I don't think I've ever seen Robert so angry. Good for him!

[nobodyspecial]

Recession is the wrong word.

Call it what it really is: a depression.

[eyyy]

It ain't a recession, it's a depression.

[sassylady]

MAYBE THE HOMELESS CAN STAY AT "TRUMP" RESORTS! HE HAS THEM ALL OVER THE WORLD!

[dudeonbike]

Fixed Treasonous Trump's words:
"Think of yourselves as warriors, fighting over meager scraps that my buddies and I toss your way. We LOVE watching you fight over peanuts!"

[mikkert-zhcf]

It's like the Republicans are trying to create a perfect storm.

[leapilcher]

Trump's Republican Evangelical party plans is finally in place. The hunger games meets the handsmaid tale.

[kennetratcliff]

" When the wicked are in power, the people will moun." Proverbs.

[hildamercado]

The people needs to rise up and throw this devil out.

[JamesWilliams-sfmy]

When a black man was elected president, all I saw here was pray for our nation signs everywhere. I think they put them up 8 years too early. Now we really need prayers.

[tonydfixertonydfixer]

It's almost as if Trump does not want to do anything correctly

[PhoenixtheII]

US: Empty houses, with people in tents living just outside of em.

[melanieholstra]

Our country is so BACKWARD! Other countries don’t let people starve and live on the street!!!

[donnamontoya]

Mr. Reich, I agree with you. With this one exception, I have filed 130 evictions in court today in Chicago. These 130 tenants of my 363 tenants refuse to communicate with me and have not paid rent. Nothing since February. I worked so hard for 30 years buying and fixing these homes and the income is my only income. I take care of my mother with Parkinson's disease. Second installment of taxes is coming next month. I have an emergency fund that is paying for these buildings but is getting lower every month as this goes on. Had to layoff the helper I have for my mom during the day so I can work. Also had to lay off my assistant. Can't pay them. Can't keep this up very much longer. I have to get rid of these tenants who are not paying and not communicating at all. Very sad but has to be done.

[commoncents]

Thank you
This was one of the most honest videos showing what we are still in for.
Trump has said this will go away next month.
I didn't realize he ment the economy.
Thanks again for this eye opening video