Critics say Trump, Congress fumbling economic response to COVID-19

Ten weeks after President Trump signed the first coronavirus relief bill into law, many economists, business groups, lawmakers and labor advocates contend the multitrillion-dollar response has been insufficient, misguided or both.

Despite nearly $3 trillion in emergency spending, much of the economy appears to be in free-fall, and there are warnings of a long and painful road to economic recovery.

“From a jobs perspective it is as if we have done nothing,” Damon Silvers, policy director of the AFL-CIO, commented on the unprecedented actions taken by Congress, the White House and the Federal Reserve. Continue reading.