Parallels Between the Current US Economy & Days Prior to the Great Depression | EWTN News Nightly

About this sermon

Recent economic reports have some economists drawing parallels to the days before the Great Depression. While the Biden Administration touts last week's GDP numbers of a 2.9% increase as an economic win, the report also revealed an abrupt drop in real disposable income, to the tune of over $1 trillion in 2022. Research fellow for Regional Economics at the Heritage Foundation, EJ Antoni, joins to share what the story is and what last week's GDP numbers really reveal about the current state of the economy. President Biden has a very different take on what's going on. Antoni tells us his thoughts on that. History shows the US economy once followed a very similar pattern to the one we're seeing now and that was in 1932. Antoni discusses the historical parallel between the two. He explains what has to be done on the government level and how Ronald Reagan righted the ship back in the '80s when the economy was in trouble. He fills us in on any advice for everyday Americans who are already struggling and fearful of what is yet to come. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf

Topics

• Strength in Hard Times