07-21-2023, 11:21 AM
Quote:The recession caused by the Covid-19 pandemic was the shortest on record, thanks to rapid, robust and bipartisan congressional action. It took just over two years to regain all of the jobs lost — hard to fathom given that more than six million people filed unemployment insurance claims in one week at the end of March 2020. Americans were made whole by their government, which staved off what otherwise would have been mass financial suffering. “This is the best, most successful response to an economic crisis that we have ever mounted, and it is not even close,” H. Luke Shaefer, a professor at the University of Michigan who is an expert on deep poverty, told a House committee in the fall of 2021..Don’t Let Inflation Bury the Memory of a Government Triumph