Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University and author of the forthcoming book, “Burning Down the House: Newt Gingrich, the Fall of a Speaker, and the Rise of the New Republican Party.” Follow him on Twitter: @julianzelizer. The views expressed in this commentary are his own. View more opinion at CNN.
(CNN)After the majority of the country spent weeks in lockdown to help stem the spread of the coronavirus, the Labor Department announced Friday that the US economy lost 20.5 million jobs in April, with unemployment rates soaring to 14.7%. We now face an economic fallout that could rival the Great Depression ― a historic downturn that lasted a decade and destroyed the economic security of our country. This time, some are calling it the Trump Depression.