There are a number of economists that are of the opinion that the coming election may not be favorable to President Donald Trump based on how he handled the COVID-19 pandemic. Here’s why.
Unemployment is High
Currently, over 33 million Americans have filed for unemployment and this seems to be affecting how the country is functioning. Everyone seems to be running to be hills while they try to stop the spread of COVID-19.
It is expected that a global recession will follow.
If we said that Donald Trump handled this COVID-19 well, we would be lying. He started by believing that this was a hoax, and it won’t affect Americans.
In the end, Americans are now ranked as the highest infected humans in the world, beating Chinese, and Italians. It is a shame because when it started out, no measures were placed to curb the spread.
Recently, the rate at which this virus had wrecked the economy could easily be seen in the country, as more than 33 million Americans filed for unemployment insurance since COVID-19 hit. This is something that is unprecedented. It is more than five times the amount that was filed in 1982, and it is scary.
It is expected that this number will grow before the issue blows over.
The Political Climate
Now, the political landscape has been altered, as the elections are coming. This may affect how the upcoming 2020 presidential elections turn out. A lot of politicians may have to lose their seats as a result of how the economy is changing.
As we are facing an impending recession in America and the world in general, it is believed that some questions may come up. At the end of the day, are we going to blame Trump for the impending recession? Will he be blamed for a lot of Americans losing their jobs?
Will voters believe that he is truly a wartime president that can rule them properly during this time or not? Will Joe Biden be able to work on those uncertainties and weaknesses? Will he be able to sway the thoughts of the voters to him instead of the current president?
A lot of people have different thoughts concerning this, and it seems that these thoughts may not be favoring Trump. This is not far from the fact that people feel that it was the fault of Trump. He was not proactive in making measures initially, but this seems to be changing.
He is interested in signing a Congress’s $2.2 trillion aid package to ensure that the economy doesn’t collapse. This was created by Steven Mnuchin, his treasury secretary, but Trump takes the glory. So what do you think will happen when Election Day rolls around?