The pandemic swept the impeachment hearings out of the news, but we can’t let the allegation that Donald Trump attempted

As the Trump presidency staggers toward its conclusion, the White House is still engaging in a blitz campaign of malfeasance. The president is inventing wild and dangerous allegations about voter fraud. Bill Barr is executing as many people as he can, proposing to carry out death sentences during a presidential transition for the first time since 1889. Mike Pompeo, meanwhile, is proposing to flood the Middle East with new weapons, fast-tracking $23 billion in advanced weapons to the United Arab Emirates, potentially transforming the balance of power of the region.

If anything, the month since the election has shown us that the Trump administration is taking their electoral defeat as a reason to ramp up their misconduct, rather than gracefully step aside.

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Low-income earners are also much less likely to own their home or have any money invested in the stock market. This means they have not benefited from the rebound in these asset prices.

This story is not unique to the U.S. We see the same thing playing out in Canada and other OECD countries; The types of jobs that have been lost during this recession have disproportionately hit those with the lowest-income and lowest ability to weather a job loss.

During 2020, governments around the world have provided unprecedented levels of fiscal stimulus. Put simply, much of this fiscal stimulus has replaced the income of people who lost their job during the recession.

We also remain in the midst of the greatest public health crisis in at least a century. In the spring, the U.S. became the global epicenter of the Covid-19 pandemic, and although other regions now rival us as disaster cases, it’s not because we’re doing better. We owe it to the hundreds of thousands of dead to understand how it went so poorly, but also we all need to build systems in the future so that public health officials can resist miscreants concerned only about reelection. Who made the decisions to sideline the Centers for Disease Control, give crisis funding to Kushner- and Trump-led companies, issue a deluge of false information, politicize masks, keep PPE from Democratic-led states, bungle testing, and all the other choices that have led us to this moment. We should find out how many people got sick from holiday parties like those thrown by Mike Pompeo. When government actors made decisions that resulted in death and disabilities, even secondhand (a person catching Covid at a party, then getting a family member or some third person sick), we should know it. I’d love to see a spreadsheet linking Covid cases to each public official and their events. We might consider the 9/11 commission as a model, especially given that by inauguration we’ll likely be at a 9/11-worth of deaths every single day.

But come January 20, Joe Biden will be in the Oval Office. The 46th president will have both the authority and the ethical mandate to pursue the truth around what we’ve all endured over these last four years. I don’t know if the divisions sundering America are healable, but only if he commits himself to a cold, hard dose of truth will he have a shot at stanching the bleeding. Otherwise, the nation will further bifurcate into camps that don’t just disagree on policy and the optimal role of government, but into ones that have entirely different understandings of reality. Too many folks have already gone far down that track, but we still have a chance to fight back.

Any fiscal stimulus received by people like me who have been lucky enough to be (financially) unaffected by this recession will only serve to drive up asset prices even further.

Starting with arguably the most obvious instance of his grift, Donald Trump has already raised over $170 million based on his false allegations of voter fraud. Where is that money going? We’re only just now learning about the alleged misuse of inauguration funds from the first day of the Trump administration; there’s no reason to think these last days will feature more propriety. Audit every penny.

As illustrated in a research letter from the San Fransisco Federal Reserve, workers in the bottom 25% of earnings made up half of the job losses during this recession. While in comparison, high-income workers were less impacted.

However, the fiscal stimulus does not tell the whole story as to why house prices are rising. What really impacts the price of housing is the income of people who are in the market to buy a house.

It is the middle to high-income earners who buy houses, and their incomes were less impacted. Couple that with the fiscal stimulus and rock bottom interest rates, those higher income earners that were lucky enough to keep their job have been bidding up the price of houses.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. All views and opinions are solely of the author.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. All views and opinions are solely of the author.