If the GOP forces a historic default or massive budget cuts, all bets are off for a soft landing—or Democrats keeping the White House.
Robert J. Shapiro
Follow Robert on Twitter @robshapiro. Robert J. Shapiro, a Washington Monthly contributing writer, is the chairman of Sonecon and a Senior Fellow at the McDonough School of Business at Georgetown University. He previously served as Under Secretary of Commerce for Economic Affairs under Bill Clinton and advised senior members of the Obama administration on economic policy.
The Senate Is Even More Anti-Democratic Than You Think
New numbers on population disparities show that senators representing just 10 percent of the country can thwart majority rule.
What Really Happened to Silicon Valley Bank
The hubris of Big Finance and Big Tech, the Fed dropping the ball, and the stupidity and greed of SVB were behind the crisis.
Inflation Reality Check: Don’t Blame Wages and Salaries for High Prices
Bigger paychecks for ordinary workers are not driving higher prices—and they haven’t grown nearly as much as corporate profits.
The Decline and Possible Resurrection of Radical Gerrymandering
Exclusive: Gerrymandering is affecting U.S. House races much less often. But that could all change if the most conservative Supreme Court justices have their way.
The Economy is Doing Fine, for the Time Being
Growth is strong but bound to slow as the Fed keeps hiking interest rates. Even better news: The economy could see a nice rebound in 2024.
C’mon, Democrats. Tout Your Economic Record
Despite inflation, they have a great story to tell about the Biden administration’s record. Here are three economic talking points, free of charge.
The Pandemic’s Surprising Effects on the Workforce
At the onset of COVID-19, minorities lost jobs at a faster rate than whites but then bounced back much stronger. Meanwhile, women saw their employment numbers fall more than for men.
Yes, Americans Are Better Off Under Biden
Households have seen a stunning rise in employment and income, even considering inflation.
Hey, Folks: We’re Not in a Recession
GDP scare headlines are misleading, and other more telling measures reveal a Biden economy that’s still growing.

