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Full blow recession ahead?

Will the c-virus cause a recession? The economy will contract for sure even with counter cyclical measures and the provision of generous social insurance for working families and others reeling under the weight of this pandemic. But whether this contraction morphs into a full blown recession at the national and global level depends to a large extent on how effective national governments and international institutions are in simultaneously combating the pandemic and a contracting economy. Because our government — the most powerful and well endowed in the world — is led by an ignorant, dangerous, and America First narcissist and his team of dopes, it will make this difficult job all the more harder.

Written by

Sam Webb

I'm a long-time socialist and activist, but new to the blogging world. I hope to bring a different perspective on politics, sports, culture, and Marxism. Besides blogging, I also leave plenty of time for swimming, hiking, ESPN, music, reading, drinking good beer, and, not least, my family and friends. I wish I could play basketball, but my knees ruled out that possibility long ago. While I currently reside in New York, my politically formative years were spent in Portland, Me. and Detroit during the 1970s and 1980s. I graduated from St. Francis Xavier University in Nova Scotia (where I played basketball) and received a MA in economics from the University of Connecticut. I was the national chairperson of the Communist Party, USA from 2000 until 2014 when I stepped down at the convention. In 2016 I resigned from the Communist Party two years later. We were no longer on the same page.

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