Biden Says Coronavirus Damage Could ‘Eclipse’ Great Depression
Joe Biden said the economic recovery from the coronavirus would likely be the “biggest challenge in modern history,” suggesting it could surpass what the country faced after the Great Depression.
“I think it may not dwarf, but eclipse what F.D.R. faced,” Biden said Tuesday night in an interview with Chris Cuomo on CNN, referring to President Franklin D. Roosevelt.
But Biden, the front-runner for the Democratic presidential nomination, said the recovery efforts would create an opportunity for the next president to address the nation’s longstanding structural problems.
He said the efforts should include provisions to help people meet basic needs like paying rent, but they should also include a “reconstructive part,” specifically improving the voting system and environmental protection efforts.
29,556 in U.S.Most new cases today
-21% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.005 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23