INDIVIDUAL CHECKS TO ADULTS
BUT FOREGO ANY ADDITIONAL
UNEMPLOYMENT INSURANCE,
JOINING ME RIGHT NOW FORMER A
REGULAR ECONOMIC ADVISOR, ART
LAV LAFFER THANKS FOR BEING
HERE SEEMS THIS TALK OF A
STIMULUS PLAN IS BOOSTING
SMALL-CAP STOCKS MORE
OUTPERFORMANCE WHAT IS YOUR
MAKE WHAT MNUCHIN RELEASED.
>> I DON’T KNOW WHAT MNUCHIN
REALLY HAS RELEASED I DOES NOT
INCLUDE UNEMPLOYMENT INSURANCE
-- 916 BILLION DOLLARS A LOT
OF MONEY MARIA WHEN YOU THINK
HOW MUCH WE’VE ALREADY PUT IN
IN A PANIC STATE INITIALLY
CARES ACT YOU HAVE TO THINK OF
CONSEQUENCES FOR DEBT OVER
LOADED LONG TERM WILL REDUCE
ECONOMIC GROWTH, I HOPE THEY
ARE VERY, VERY CAREFUL ON
SPENDING ONLY THOSE WHO ARE
REALLY NECESSARY AND MAKING
SURE ECONOMY NOT SHACKLED
GOING FORWARD A VERY SERIOUS
ISSUE WE HAVE GONE FROM ABOUT
45% GDP IN DEBT 2007 TO ABOUT
100 PLUS PERCENT RIGHT NOW
GOING UP A VERY RAPIDLY RATE.
THAT WILL HAVE CONSEQUENCES.
>> CONSEQUENCES ALSO, AS A
RESULT OF POTENTIALLY NEW
POLICIES THAT WILL UNDO THE
PRESIDENT’S TAX CUT PLAN HIS
DEREGULATORY PROGRAM WHAT ARE
THOUGHTS WHERE WE ARE WHAT
2021 LOOKS LIKE AS WE ARE
HEARING MORE SHUTDOWNS CUOMO
IN NEW YORK THREATENING TO
SHUT DOWN INDOOR DINING, IF
THINGS WORSEN, CALIFORNIA
RIGHT NOW IN ITS OWN SHUTDOWN
ACCESS THE SITUATION FOR US ON
THE ECONOMY.
>> YEAH, RIGHT NOW I THINK
THERE ARE A LOT OF -- A LOT OF
ROADBLOCKS IN THE ECONOMY WITH
SPIKE IN NEW CASES,
HOSPITALIZATIONS DEATHS,
OBVIOUSLY, THEY ARE GOING TO
BE MORE SHUTDOWNS THAT IS
GOING TO HURT DRAMATICALLY
ONCE INTO 2021 MARIA PAST
APRIL OR MAY, VACCINES
STARTING TO HAVE EFFECT I
THINK YOU ARE GOING TO SEE
ENORMOUSLY STRONG ECONOMY END
OF 2021 REALLY, REALLY STRONG
NO MATTER WHAT PEOPLE DO, I
JUST HOPE THEY DON’T PUT SO
MANY NEW POLICIES IN BY TAX
INCREASES, REGULATORY POLICIES
ALL OTHER ROADBLOCKS THAT WILL
REALLY DAMPEN ECONOMIC
RECOVERY THIS COUNTRY NEEDS TO
HAVE SHOULD HAVE.
WE NEED TO PLAN AHEAD OF TIME
MARIA, FOR BLACK SWAN EVENTS
NOT WAIT, ONCE THEY DO OCCUR,
THAT IS WHAT WE NEED TO DO
PLANNING FORWARD.
>>.
MARIA: EUROPEAN CENTRAL BANK
EXPECTED TO UNVEIL ITS OWN
EXPAND STIMULUS PACKAGE
TOMORROW WHEN CHRISTINE
LAGARDE HAS A MEETING, AND PUT
CONSIDERABLE EXPECTATIONS OUT
THERE THAT WE ARE GOING TO SEE
STIMULUS IN EUROPE, DO YOU SEE
THE GLOBAL STORY IMPROVING DO
YOU THINK UNITED STATES
DECOUPLED.
>> I THINK STIMULUS SPENDING
RIGHT NOW IS NOT RIGHT ANSWER
I THINK WHAT YOU REALLY NEED
TO DO IS MAKE SURE, EVERYTHING
IS CLEARED AWAY FOR ECONOMIC
GROWTH TO COME BACK, I MEAN
THE STIMULUS SPENDING HAS --
IT WAS A HUGE AMOUNT OF MONEY
I MEAN A LITTLE OVER THREE
TRILLION DOLLARS, 10,000 AS
THERE ARE PER MAN WOMAN CHILD
GOES ON DEBT IF THEY DO
STUDENT ALONE FORGIVENESS
OTHER STUFF YOU ARE GOING TO
HAMSTRING THE ECONOMY GOING
FORWARD I DON’T THINK STIMULUS
SPENDING WILL STIMULATE THE
ECONOMY I THINK WHAT SHOULD BE
DONE LIFTING UP RESTRICTIONS
ON ECONOMY LETTING PEOPLE GO
BACK TO WORK.
ONCE VACCINES ARE IN PLACE
THAT IS THE WAY TO GO, I HOPE
THAT IS WHAT WE DO HERE.
MARIA: INDEPENDENCE AND
FREEDOM, YOU ARE WORKING ON
MORTGAGE INSURANCE PRODUCT TO
HELP PEOPLE WHO WITH COME
UNEMPLOYED CAN’T MAKE MORTGAGE
PAYMENTS, TELL US ABOUT THAT.
>> IS A ALAN DERSHOWITZ AND I
WROTE A PIECE IN "THE WALL
STREET JOURNAL," BY THE WAY,
OUTLINED VERY SIMPLY
STRAIGHTFORWARD CATASTROPHIC
MORTGAGE INSURANCE WHEN
ANNOUNCEMENT RATES GO ABOVE
10% INSTEAD OF HAVING TO
SCREAM HELLER AT PEOPLE
GETTING PANICKED HAVE PLANS IN
PLACE FOR WHAT HAPPENS WITH
THE BLACK SWAN EVENT OCCURS
COULD BE FUNDED PRIVATELY
MANDATES BY GOVERNMENT FUNDED
PRIVATELY IF YOU HAVE A BLACK
SWAN FINANCE LIKE WE DID WITH
PANDEMIC WOULD AUTOMATICALLY
GUARANTEE PEOPLE OUT OF WORK
-- MORTGAGES, FOR SIX MONTHS,
AS A STOPGAP RIGHT AWAY, SO
THAT THAT IS THE WAY I THINK
WE SHOULD GO, I THINK IT MAKES
A LOT OF SENSE.
MARIA: ALL RIGHT GREAT TO SEE
YOU THIS MORNING COME BACK
SOON GREAT TO TALK WITH YOU
ART LALLE.F..
>> GET DAGEN -- TO SPEAK IS TO