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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 TrumpMcCarthy says he told Rep. Marjorie Taylor Greene he disagreed with her impeachment articles against Biden Biden, Trudeau agree to meet next month Trump planned to oust acting AG to overturn Georgia election results: report 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 BidenMcCarthy says he told Rep. Marjorie Taylor Greene he disagreed with her impeachment articles against Biden Biden, Trudeau agree to meet next month Fauci infuriated by threats to family MORE would be able to handle the economic problems well, but that Sen. Bernie SandersBernie SandersThe Hill's 12:30 Report: Next steps in the Trump impeachment Sanders selling sweatshirts with his famous inauguration pose for charity Former Sanders spokesperson: Biden 'backing away' from 'populist offerings' MORE (I-Vt.) might have been able to tackle them.