The impact of the coronavirus on the presidential election, now eight months away, is unknowable. Heck, no one can say that many of us won’t still be sheltering at home in November to avoid infection, although that seems unlikely.
What was once President Trump’s strongest card, the economy, might instead be a very unfunny joker. Rather than brisk growth, historically low joblessness, and markets at all-time highs, America faces a cataclysmic depression. Goldman Sachs predicts a 24% contraction in the second quarter, more than double the previous worst downturn. Unemployment claims are spiking by the millions as commerce shudders to a halt.
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