Home
/
RELIGION & LIBERTY ONLINE
/
A recipe for economic recovery from COVID-19
A recipe for economic recovery from COVID-19
Jan 8, 2026 10:46 PM

With the focus on COVID-19 shifting from the health emergency (easing) to getting the economy going again (glimmers of hope), it’s easy to forget just how good the economy was before the pandemic hit. Recall that in mid-February, financial news organizations were reporting that the S&P 500 and the Nasdaq Composite indexes were hitting record highs.

In “Getting America Back to Work.” (Encounter Books, 2020), Andy Puzder has drawn a sharp contrast between the eight-year stagnation and regulatory overkill of the Obama administration and what he calls the Trump Economic Boom that followed. Among the many indicators he cites in his 43-page broadside is the National Federation of Independent Business optimism Index, which “blasted off” the day after President Trump’s November 2016 election and remained at historic highs right through February.

“Although massive government interventions that Barack Obama pursued following the Great Recession might presently appear beneficial or even essential, a return to Obama’s ‘new normal’ of stagnant growth would lead to disastrous and persisting economic damage,” he writes. “We must instead return, as soon as is safely possible, to the Trump model of economic prosperity that produced the strongest labor market in modern history.”

Puzder is a senior fellow at the Pepperdine School of Policy and was President Trump’s first nominee for Secretary of Labor. He withdrew the nomination in February 2017. He is the former CEO of CKE Restaurants Inc., pany of, among other fast food restaurants, Carl’s Jr. and Hardee’s.

So how do we get the economy going again? Will this be a short, sharp downturn, or a long agonizing stretch of slow growth and weak employment?

Puzder’s recipe is for more of the same policies that encouraged the “Trump boom” in the first place: regulatory relief, certainty, and tax policies that allow businesses and individuals to keep most of what they earn. That’s not a sure thing given that many on the left are intent on using the economic crisis to permanently expand government reach into the economy and prolong the labor market agony. To back that up, Puzder cites, among others, ment by House Majority Whip James Clyburn, D-S.C., that the coronavirus crisis is “a tremendous opportunity to restructure things to fit our vision.”

What that vision is doesn’t take much guesswork. You just have to listen to the actual words of those not wanting to let the coronavirus crisis go to waste. Here’s the response of Gov. Gavin Newsom, D-Calif., when asked in early April if the crisis was creating the potential for a new progressive era. “Yes,” he answered, “we see this as an opportunity to reshape the way we do business and how we govern.”

But you have to wonder how the Clyburn or Newsom vision could improve on the Trump numbers for those at the low-wage end of the labor market, which were at historic highs before the pandemic overturned the gains. If the dignity of work means anything at all, it has to be within the grasp of those in hourly wage jobs in sectors such as retail, hospitality, manufacturing, construction and the like.

“In 2019, unemployment hit lows not seen since the government began reporting the data for African Americans, Hispanics, Asians and people with only a high school education,” Puzder writes. “For women, the unemployment rate hit a sixty-five-year low and for teenagers (aged 16-19) it hit a fifty year low.”

Economic growth under Trump policies was strong, but what about the trade war with China? Fed economists estimated that the trade disruptions with China may have cost the United States 1 percentage point in growth. Still, under Trump, GDP growth hit 2.9% in 2018 and 2.3% in 2019. Puzder says that under Obama GDP failed to achieve a single year of 3% GDP growth, and only grew at a 1.6% rate in his last year in office.

“The same recipe that produced the strongest labor market in modern history can restore the wealth we lost because of the pandemic,” Puzder predicts. “If government helps people now, as it should, but otherwise gets out of the way and empowers the private sector, the impact of the virus will be a short-term hit from which we will recover rapidly. If the government keeps its heavy hand on the economy, we may never fully recover.”

How we handle this crisis going forward will make all the difference now. And that’s on all of us. “When this crisis ends, the choice will be ours,” Puzder concludes.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Audio: Sirico on Colson & Economics for Christians
As we move deeper into the 2012 election cycle here in the United States, many people are beginning to pay closer attention to the issues and candidates, and for many Christians this naturally raises questions about how Christian principles should be applied to the economic issues that are of such concern in the electorate this year. Pastor Christopher Brooks, host of Christ and the City on FaithTalk 1500 in Detroit, Michigan, was kind enough to invite Acton’s President Rev. Robert...
Video: Colson at Acton’s 3rd Anniversary Dinner
On June 7th, 1993, Charles Colson made his first appearance at an Acton Institute event, speaking at our 3rd Anniversary Dinner in Grand Rapids, Michigan on the topic of the decline of American values. Colson’s rousing speech went over well with his audience that night, and still resonates today. “The single great issue of our times was never put more succinctly than it was by Lord Acton, for whom this institute is named. Lord Acton said these words: ‘Liberty is...
New Video: Chuck Colson in ‘Like I Am’
Speaking of the time he spent in prison for his role in the Watergate scandal, Chuck Colson said: “I couldn’t have made it without Christ in my life, I know that. But I couldn’t have made it if there wasn’t in the back of my mind a belief that God had a purpose for this.” You’ll hear those words in “Like I Am,” a segment from the Acton Institute’s Our Great Exchange: Discover the Fullness of What it Means to...
The Bible and the Budget
The Christian Post recently interviewed Acton’s Jordan Ballor about biblical principles and the federal budget: Ballor and Good were both in agreement with Sider that the large national debt, now over $15.6 trillion, is immoral in the way it passes debt from one generation to the next. Sider deserves a lot of praise, Ballor said in the interview, for bringing attention to the severity of the debt crisis. “This is absolutely a moral problem. We have an irresponsible government. It...
College-Age Millennials Are Losing Their Religion
Younger Millennials (ages 18-24) report significant levels of movement from the religious affiliation of their childhood, mostly toward identifying as religiously unaffiliated, according to a new survey from the Public Religion Research Institute and Georgetown’s Berkley Center. The survey also finds that they support government intervention to address the gap between the rich and poor. Some of the highlights from the survey include: • While only 11% of Millennials were religiously unaffiliated in childhood, one-quarter (25%) currently identify as unaffiliated,...
Frank Schaeffer’s Chuck Colson Rant
Mark Tooley has a superb article at FrontPage Magazine addressing Frank Schaeffer’s rant against Chuck Colson. Tooley points out that voices across the political spectrum were gracious enough to give praise to the former Nixon aide, who after his evangelical conversion founded Prison Fellowship. Schaeffer is the notable and sorry exception. Schaeffer bitterly whined on his blog about Colson, “Wherever Nixon is today he must be ing a true son of far right dirty politics to eternity with a ‘Job...
How to Ruin the Military in One Easy Step
Since April is a time for Spring cleaning, the Washington Post asked a handful of writers what “unnecessary traditions, ideas and institutions” we should toss out with other clutter in our lives. Thomas E. Ricks, a Pulitzer-prize winning journalist, thinks we should discard the all-volunteer military. This is precisely the reason it is time to get rid of the all-volunteer force. It has been too successful. Our relatively small and highly adept military has made it all too easy for...
Kishore Jayabalan: Vatican supports dignity of work
The Detroit News editorial page today features Kishore mentary regarding the pro-business statement made by the Pontifical Council for Justice and Peace (PCJP). Jayabalan, Director of Istituto Acton in Rome, says this: It may be easier to describe the contents of the PCJP statement by saying what it is explicitly not. It is not a policy statement on the merits of financial regulations such as Sarbanes-Oxley or the Tobin Tax. It is not a call-to-action to storm the barricades and...
Audio: Sirico on the Life and Legacy of Chuck Colson
Chuck Colson’s long association with the Acton Institute began in 1993 in part because, as he said, he “couldn’t believe that a Catholic priest had set up shop in the Vatican of the Dutch Reformed Church,” and he had e to Grand Rapids to see for himself the work that Rev. Robert A. Sirico had begun. He came, saw, and was impressed, and thus began a nearly 20-year friendship with the President of the Acton Institute, who joined host Al...
Orthodox Priest: Chuck Colson’s repentance ‘deep and lasting’
On the Observer, the blog of the American Orthodox Institute, Rev. Johannes L. Jacobse looks back on the life and the legacy of Chuck Colson: I heard him explain his experience in prison during one of his talks. It was the lowest point in his life where he had lost everything and began to question purpose, decisions, and direction. He was visited by a friend (former Minnesota Governor Al Quie) who shared with him how Jesus Christ came into the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved