Category Archives: Economy

Full U.S. Recovery Could Take Two Years

As the coronavirus continues to play havoc with the economy, many analysts are starting to think through how the recovery will occur. Which industries will rebound first? Will the recovery resemble a V-shape? How long will it take to reach … Continue reading

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Governor Punts on First Down

Just as COVID-19 was starting its destruction of the world’s economy in early March, the Virginia General Assembly took final action on an exuberant two-year state budget within shouting distance of $140 billion. Six weeks later at the Reconvened Session, … Continue reading

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You’re Invited to Our Tele-Town Hall Meeting: Re-Opening Our Communities with George Allen

Virginia and our nation are facing one of the greatest challenges of our lifetime. The lives and livelihoods of millions of Americans are now at stake from an invisible enemy: the coronavirus and COVID-19. But it’s a false choice to … Continue reading

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Mutated by COVID, Unemployment Insurance Unsustainable

America’s and Virginia’s unemployment insurance program – born of the Great Depression and the Social Security Act of 1935 – may be another casualty of the COVID-19 pandemic. The virus has mutated unemployment insurance into a form not financially sustainable. … Continue reading

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Is US Economy Headed Toward a Depression? No, but a Recession is Likely

With so much uncertainty surrounding the COVID-19 crisis, it is difficult to predict how the economy will fair for the remainder of the year. Many economists have been looking for a drop in real gross domestic product — the monetary … Continue reading

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