Economist says US lacks leadership needed to successfully emerge from economic crisis

Economist Richard Wolff told Hill.TV that unlike the Great Depression, the past decade or so has not created the kind of government leadership needed to steer the U.S. out of the current economic crisis.

“In the 1930s, a massive movement politically to the left occurred," said Wolff, an economics professor at the University of Massachusetts. "They all worked together and they produced the pressure that got FDR to make a new deal.”

“We’ve had almost the opposite. We’ve had a lurch to the right, at least for the last 15 to 20 years, culminating now in President TrumpDonald John TrumpDemocrats blast Trump for commuting Roger Stone: 'The most corrupt president in history' Trump confirms 2018 US cyberattack on Russian troll farm Trump tweets his support for Goya Foods amid boycott MORE in all that he’s doing, with the unions weaker than they’ve been in half a century, with socialist and communist parties almost extinct," he added. "So we don’t have any of the pressures that might give us some sense of what to do.”

Wolff said he does not believe presumptive Democratic presidential nominee Joe BidenJoe BidenTrump commutes Roger Stone's sentence Hillicon Valley: Facebook considers political ad ban | Senators raise concerns over civil rights audit | Amazon reverses on telling workers to delete TikTok House Democrat warns about 'inaccurate' polls: Trump voters 'fundamentally undercounted' MORE would be able to handle the economic problems well, but that Sen. Bernie SandersBernie SandersTrump glosses over virus surge during Florida trip The Hill's Coronavirus Report: Fauci says focus should be on pausing reopenings rather than reverting to shutdowns; WHO director pleads for international unity in pandemic response Ex-Sanders aide says Biden unity task forces need to go farther MORE (I-Vt.) might have been able to tackle them.