Economic recovery from coronavirus is a 'long way away,' Joe Biden says [View all]
Source: CNBC
By Jacob Pramuk
Former Vice President Joe Biden said in a CNBC interview on Friday that an economic recovery from the coronavirus pandemic looks “a long way away.”
He also condemned President Donald Trump’s handling of the crisis, blaming him for lost lives and economic ruin.
In the interview on “Squawk Box,” the apparent Democratic presidential nominee criticized the 2017 Republican tax cuts and questioned how the U.S. could use the lost revenue as it tries to lift a devastated economy. More than 38 million people have filed jobless claims since states started widespread lockdowns to slow the pandemic, and GDP is expected to go into freefall in the second quarter.
“Imagine if we had that $2 trillion now as we go into, God willing, a recovery which is a long way away as I see it right now,” Biden told CNBC’s Andrew Ross Sorkin.
Former Vice President Joe Biden (D) speaks about the Coronavirus and the response to it at the Hotel Du Pont in Wilmington, DE.
Michael Brochstein | Barcroft Media | Getty Images
Read more: https://www.cnbc.com/2020/05/22/economic-recovery-from-coronavirus-is-a-long-way-away-joe-biden-says.html
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