Economists Agree: We Need More COVID Relief Now

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GOP Economists Agree: We Need More COVID Relief Now “Absolutely [in favor of the $1.9 trillion proposed American Rescue Plan]...The idea that you shouldn’t act right now is not consistent with the real time data…I would 100% support additional checks to people.” — Kevin Hassett, Former Economic Advisor to President Trump and former advisor to Sen. Romney “The $900 billion package that was passed a few weeks ago...all runs out by sometime in mid-March...That means hard-pressed Americans that are unemployed, have back rent, student loan payments, need food assistance, they’re going to need more help.” — Mark Zandi, chief economist at Moody’s Analytics who has advised lawmakers on both sides of the aisle, including Sen. John McCain “One lesson from the financial crisis is that you want to be careful about doing too little.” — R. Glenn Hubbard, Former Economic Advisor to President George W. Bush and Sen. McCain “There are times to worry about the growing government debt. This is not one of them.” — Greg Mankiw, Former Economic Advisor to President George W. Bush and Sen. Mitt Romney “Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.” — Federal Reserve Chair Jerome Powell The Bottom Line: Now is the time for bold public investment to rescue the economy from the COVID economic crisis. Failure to do so could spell disaster for our communities, families, businesses, and economy..

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