Hi everyone, this is Dr. Nitin Chhoda and boy, it's going to be a busy busy day today.
I was up until 3 am last night doing a lot of research for the content i'm
about to present you today. There are going to be a few videos today
because i had to break down the content into different sections. On this channel on Ignition Time today, you're about to learn #1
All the glaring problems with the $400 a week
unemployment benefit extension from the President - what you must know.
I'll do other videos on why the $400 a week
is not really a federal unemployment benefits program. It's actually not, it's
a completely separate program called the lost wages program and it
could take months to implement according to a leading unemployment
benefits expert in the country. So there's that. Also why the renter
assistance program offers no eviction extension? In fact
it offers no money to help renters and it's
something that you should know because I read the entire
eviction memorandum on the White House website. Finally i'll talk to you about
the fallout, specifically the hidden truth behind the
four executive orders reactions from republicans and democrats
that have already started to come in and what you must know. So with that being
said let's get started. Now before I get into
this let me be clear for me personally it's not about the red or the blue
it's about the red white and blue. I'm not democrat, I'm not republican. I'm
American so for me that's what matters.
For me the facts matter and that's what i'm going to present you and you're free
to make up your own mind about the information i'm going to give
you on the Ignition Time channel so let's get started.
#1, i'm going to go over deeper analysis of the unemployment benefits
extension in the executive order keep. In mind in this video
i'm talking about the glaring problems with the $400 a week
unemployment benefit extension in the executive order that was signed by the
President. So i'll go into, i'll give you a deeper
analysis of the unemployment benefits extension in the executive order.
#2, i'll talk to you about some big glaring problems
with the unemployment benefit extension in the executive order. And #3,
i'll actually go over some specific language in the memorandum pertaining to
this in the White House. Now I believe that
asking questions like is this retroactive? Is it a memo?
Is there's a difference between a memorandum and an executive order?
How long the money is going to last? Those are actually the wrong questions
to ask and you'll see why when you go through this video. You know
oftentimes what you see and what is reality are usually two
different things and i'll let you decide what the truth is right here with the
information i'm about to give you. Plus i'll include
links in the description section below if you want to check out some of the
data that i'm presenting to you by yourself.
Earlier this week White House senior economic advisor Larry Kudlow said and I
quote "we have got to fix and extend the
unemployment issue right now. I don't think that can be done
administratively. I do not think that can be done administratively.
I think that requires an act of congress." That's what this white house senior
economic advisor said. Well the President unilaterally extended
unemployment benefit extensions yesterday so you can see that
you know that was not consistent with what Larry Kudlow said. Now
there has been some initial feedback that started to come in
senate majority leader Mitch McConnell said he supports the President's four
executive orders he said i quote struggling americans need action
now he said since democrats have sabotaged
backroom talks with absurd demands that would not
help working people i support president trump exploring his options to get
unemployed benefits and other relief to the people
who need them the most so that was from the senate
majority leader mitch mcconnell he supports the president's executive
orders now let's get into a much deeper analysis of
the unemployment benefit extensions in the executive order
now this uh this executive order uses approximately 44 billion dollars with
the b from the federal emergency management
agency which is fema to cover 400 a week benefit for
approximately five more weeks that's what
a lot of economists and a lot of policy experts have said now 25 percent of that
would come from state so the federal component of that would be 75
so what the executive order says is on top of state ui benefits you would get
an additional four hundred dollars a week
but it's not going to last until december based on the allocation which
is about 45 billion dollars it's gonna last for right around
five weeks now it is unclear let's be clear uh if the administration can
actually repurpose these funds for unemployment benefits without
violating something called the anti-deficiency act which is a
federal budgeting law i bet you haven't heard
that anywhere so again whether the administration can actually
do that is unclear in the end this may and i say may because we're
going to wait and see what happens in the end
this may end up becoming a largely symbolic measure
a political measure a popularity measure rather than
actually resulting in money in the hands of people yep and here's why
michelle evermore is a senior research and policy analyst at the national
employment law project and now she wrote a paper called
unemployment insurance during the pandemic the cares act in the role of
unemployment insurance during the pandemic
she has testified in front of the senate about uh
various topics one of them was in unemployment insurance has been a
critical lifeline during the pandemic she actually wrote a paper about that
and this is someone who knows more about unemployment benefit
extensions than you then me then president trump
and more than larry kudlow because she is an expert in this in fact
you can look her up her name is michelle evermore so i will link you to her
testimony in front of the senate in the
description section below so check that out okay
check it out and i will tell you that like
if she's a country's number one expert on unemployment benefit extensions as
far as i'm concerned some of the things that she wrote in her
paper just so that you know what 30 million americans have access to a
transformative benefit she's talking about a 600
a week federal booster which she strongly advocated for she said it had
to be extended she said this helps workers make ends
meet she said unemployment insurance has been a key economic stabilizer
it's helped people pay for food pay for rent it's helped people
you know um keep their families intact she said neglect of ui programs and
systems has hindered their effectiveness in the
crisis and implementation of the ksac programs
the department of labor must issue complete and accurate guidance about
workers rights to refuse to return to unsafe work
if it fails to do so congress must act so now you can clearly see
what michelle evermore is advocating for and i'm sure a lot of you who are
watching understand again look it up michelle
evermore okay congress must reauthorize the pandemic unemployment compensation
program in response to the exponential growth in unemployment
that's what she wrote and also she talked about unemployment benefits
uh the fact that they're making a profoundly positive impact
on workers and families throughout the country so you know that that's what she
talks about so here is the glaring problem with the
unemployment benefit extensions in the executive order
um these uh these executive actions on unemployment what they do is they
take money from one program and they put it into another so
what it doesn't really put additional money into the unemployment program
it technically does not even increase federal unemployment benefits according
to michelle evermore but it instead creates a new program and
if you look at the language in the memorandum closely it says
lost wages assistance program go ahead check out the memorandum
i'll link to it in the description below the official memorandum from the white
house website okay it talks about a lost wages
assistance program this is not adding more money into the
federal unemployment benefits program this is technically not even
an addition to the federal unemployment benefits program now this lost wages
program is something that states will have to
set up from scratch according to michelle and she said it
could take months for such an effort to get off the ground
yes you heard that right months evermore said that states are
already overwhelmed trying to set up the unemployment insurance programs trying
to pay out the federal booster you know exactly what i'm talking about
especially if you're in states like california and florida so now how do you
take a state that's a struggling to pay out unemployment
benefits be backlogged c dealing with fraud and then
on top of that expect them to set up a new lost wages assistance program
if you can read between the lines you'll understand that and i'll cover this in a
bit more detail if these unemployment benefits are not
paid out
what if individuals blame the states and then you know the president the
administration hey wait a minute we passed the order it's not on us
so you can see that this is setting up uh essentially
uh this is sort of kicking the can to the states in many ways and if states
can't keep up by the way states are already overloaded underfunded
have some consideration for the states guys if states are completely overloaded
and the federal government says it's not my fault it's the state's fault
this can actually create more problems more stress more anxiety more
frustration and uh this will you know the the the
administration can shift blame away from them so
um that's what's going on over here so it could take months now the trump
administration cannot even call it unemployment
insurance since it's a whole other program and this is what michelle
evermore writes now and she also wrote on her twitter feed
and this uh this surprised me when i read this she wrote i quote
initially i was concerned about how to run this program through ui meaning
unemployment insurance how can it exist within the confines within the construct
within the framework of the unemployment benefits program
now i'm just concerned about how to run it that's what she wrote
even outside of ui this has this is also from her twitter feed even outside of ui
this has the good state bad state problem
if it is even possible for states to set up this new parallel program
um the states that can do it quickly will use up the money because remember
some states are going to be more efficient
at setting this up than others uh some states and she said many states or most
states won't be able to do it and this will
exacerbate inequality this will actually make the inequality worse
and as you know there's a lot of inconsistency and inequality there's a
lot of fraud uh happening in the unemployment benefit
system there's already that so this doesn't actually answer that
this actually probably makes the whole situation much worse
you're not adding money to the federal unemployment program you're creating a
separate lost wages assistance program read the
memorandum carefully all of you now before all of you type
out questions in the comments below read the memorandum carefully please because
this impacts over 30 million individuals now
michelle also wrote i seriously have been running through all i know about ui
and cannot figure out a single legal way to increase it through executive order
in other words because president trump has not been able to find the legal way
by way of executive order within the confines of presidential power
to extend federal unemployment benefits they've essentially diverted money from
one area from fema approximately 45 billion
dollars into what's called as a lost wages
assistance program which will then be tapped into it's
actually grant money that's given to the states
and then states come up with other money and i'll get into a little bit more
detail about that to then pay out these unemployment
benefits so that's where things stand right now
and uh and michelle also wrote states can only pay benefits
authorized under federal law in theory that could set up a whole parallel
payment system outside of ui but i don't know how
states can do that states are usually given a couple of
years usually given a couple of years to conform to something of that
magnitude now you can understand how complex this is going to be
and i hope this makes sense now i hope you learned something new in this video
i'm going to uh in the next video i'm going to talk to you about the language
in the white house website the language and the actual memorandum
that's going to give you a clear understanding a clear analysis
of where this money is going to come from and that's very very very important
for you to understand because based on that you'll be able to
say to yourself whoa is this actually feasible and you can
decide for yourself so um thank you so much for watching i'm
going to release the next video make sure you look out for it
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time most days of the week thank you so much for watching my name
is dr nitin soda with ignition time my goal is to give you the facts
and you can make the decisions for yourself in the next video i'll go over
some of the language in the white house memorandums pertaining to to these
unemployment benefit extensions and we'll dissect that and we look at the
differences between crf which is uh the pandemic relief fund
c stands for you know the illness and drf which is homeland security's
disaster relief fund and we'll see how money from the crf and the drf goes
to pay for these unemployment benefit
extensions and how the money is actually going to run out
in approximately five weeks i'll talk to you about that in the next video
i will see you in the next video make sure you subscribe to the channel thanks
bye
you