EXERCISE AS THE GOVERNMENT WAS BEING HANDED OVER TO THE TRUMP
ADMINISTRATION, THANK YOU VERY
MUCH.
MUCH. APPRECIATE IT.
APPRECIATE IT. >> THANK YOU.
>>> HERE WITH MORE, FORMER
DEMOCRATIC PRESIDENTIAL
DEMOCRATIC PRESIDENTIAL CANDIDATE AND SENATOR OF
MASSACHUSETTS, ELIZABETH WARREN.
YOU HAD A PLAN WITH THIS WEEKS
AND WEEKS AGO.
WHERE DO YOU SEE THINGS NOW?
DO YOU THINK IS MOST PRESSING
FROM YOUR POINT OF VIEW AS A
SENATOR?
SENATOR? >> LOOK, THE MOST PRESSING POINT
IS PEOPLE’S HEALTH AND SO AS
YOU’VE HEARD ALL EVENING, MAKING
SURE THAT THE TESTS ARE
AVAILABLE, THAT THEY ARE
AVAILABLE FOR FREE.
WE REALLY NEED TO RAMP UP ON
THAT.
THAT. IT MAKING SURE WE TELL EVERYONE
WHEN THE VIDEOCASSETTEACCINES CO
WILL BE AVAILABLE FOR FREE AND
WE HAVE A ROBUST SICK LEAVE SO
ANYONE WHO FEELS ILL CAN STAY
HOME AND DOESN’T HAVE TO GO INTO
WORK BECAUSE THEY ARE WORRIED
ABOUT LOSING A PAYCHECK OR NEEDS
TO STAY HOME TO TAKE CARE OF A
CHILD OR ELDERLY PARENT.
THOSE ARE THINGS WE NEED TO BE
DOING IMMEDIATELY TO BE ABLE TO
STEM THE SPREAD OF THIS VIRUS OR
AT LEAST SLOW IT DOWN.
BUT REMEMBER, JUST A HALF STEP
BEHIND THE PHYSICAL CRISIS IS
THE FINANCIAL CRISIS.
WE’VE SEEN IT IN THE STOCK
MARKETS.
MARKETS. WE’VE SEEN IT IN BUSINESSES
CLOSING, PEOPLE OUT OF WORK.
WE NEED TO BE PUSHING RIGHT NOW
ON A STIMULUS PACKAGE.
I WROTE ABOUT TODAY THE
IMPORTANCE OF GETTING THE RIGHT
STIMULUS PACKAGE OUT THERE AND
NOW.
NOW. >> I WANT TO TALK ABOUT THAT IN
SECOND.
SECOND. FIRST YOU RESPONSE, THE
PRESIDENT TODAY STRUCK A NOTABLY
DIFFERENT NOTE.
DIFFERENT NOTE. CLEARLY SOMEONE HAS TALKED SOME
SENSE INTO HIM FOR LACK OF A
BETTER PHRASE.
BETTER PHRASE. THIS IS SERIOUS.
IT’S GOING TO LAST.
ARE YOU ENCOURAGED?
DO YOU FEEL LIKE THE MESSAGE HAS
GOTTEN THROUGH AND HAS IT GOTTEN
THROUGH TO YOUR COLLEAGUES IN
THE U.S. IN THE?
>> I’LL BE MORE ENCOURAGED WHEN
PEOPLE START ACTUALLY TAKING
ACTION IN THIS ADMINISTRATION
AND IN THIS CONGRESS.
WE NEED TO GET OUT THERE.
WE HAVE NOT YET GOTTEN THE HOUSE
BILL THROUGH THE SENATE TO THE
PRESIDENT FOR HIS SIGNATURE.
THIS IS THE FIRST STEP BILL ON
MAKING SURE THAT THERE IS ENOUGH
MONEY TO COVER THE FIRST STEPS
AROUND HEALTH CARE AND THE FIRST
STEPS AROUND SICK LEAVE BUT LIKE
I SAID, NOW IS THE MOMENT TO BE
GETTING THE FINANCIAL PACKAGE
OUT THERE, AS WELL.
IT’S IMPORTANT BECAUSE IT
REASSURES EVERYONE THERE ARE
ACTUALLY GROWNUPS IN CHARGE.
AND THAT THERE REALLY IS A PLAN
THAT WE CAN EXECUTE ON.
IT’S IMPORTANT THAT EVERYONE
SEES THAT AND THAT IT BE A
REASONABLE PLAN THAT REALLY WILL
HELP.
HELP. >> GIVE ME YOUR TOP LINE ON THAT
PACKAGE.
PACKAGE. >> SURE.
>> SURE. >> LOTS OF IDEAS FLOATING
AROUND.
AROUND. THERE IS CASH ASSISTANCE.
THERE IS THE TALK ABOUT BAILOUTS
AND CREDIT MARKETS.
HOW DO YOU SEE THIS?
>> I START THIS WITH LET’S LEARN
WHAT WE SHOULD HAVE LEARNED FROM
THE 2008 CRASH.
PART NUMBER ONE IS WHEN WE DO A
STIMULUS PACKAGE, IT NEEDS TO BE
BIG ENOUGH TO MEET THE MOMENT.
IF WE FAIL TO DO THAT, WE’RE NOT
GOING TO GET A SECOND BITE AT IT
POLITICALLY AND WE’LL HAVE A
VERY LONG AND SLUGGISH RECOVERY
IF WE DON’T GET IT BIG ENOUGH
THE NUMBER IS $750 BILLION.
LEADER SCHUMER PICKED UP THAT
NUMBER LATER ON TODAY AND SAID
THAT LOOKS LIKE A GOOD NUMBER AS
THE STARTING NUMBER.
THAT WOULD BE ABOUT 3.5% OF GDP
WHICH IS BETWEEN THE ESTIMATES
RIGHT NOW OF 2% TO 5% THAT THIS
MAY COST US.
PART TWO IS WE’VE GOT TO MAKE
SURE THAT THE MONEY IS NOT GOING
TO BE TREE TOPS, THAT THE MONEY
IS GOING TO THE GLASSRASS ROOTS.
THAT THE CRITICAL FOR
STRENGTHENING THIS ECONOMY.
MY MAIN PARTS HERE, WE NEED TO
INCREASE SOCIAL SECURITY AND
DISABILITY PAYMENTS BY $200 A
MONTH FOR THE NEXT YEAR, MAKE
SURE THAT MONEY IS COMING IN.
WE NEED TO CANCEL A CHUNK OF
STUDENT LOAN DEBT WOULD BE ON
AVERAGE $400 A MONTH THAT WOULD
STAY IN THE POCKETS OF PEOPLE
WHO OWE A LOT OF STUDENT LOAN
DEBT.
DEBT. AND WE NEED TO BE PUTTING MONEY
INTO HOUSING.
INTO HOUSING. USE THIS OPPORTUNITY TO RESTORE,
REPAIR HOUSING THAT NEEDS TO BE
DONE, PUBLIC HOUSING, BUILD NEW
HOUSING THAT GIVES US JOBS IN
THE SHORT RUN AND IT GIVES US
HOUSING WE NEED OVER A LONGER
ARK.
ARK. THOSE ARE THE KINDS OF THINGS WE
CAN DO TO HELP STRENGTHEN THIS
ECONOMY FROM THE GRASS ROOTS UP,
HELP REBUILD THIS ECONOMY AND
HELP STABILIZE IT INSTEAD OF
HAVING IT CRASH FURTHER AND WE
NEED TO START NOW.
>> FINAL QUESTION FOR YOU AS YOU
SAY YOU NEED TO START NOW.
MITCH MCCONNELL SENT THE SENATE
HOME FOR THREE DAYS FOR RECESS
AND FLEW TO KENTUCKY FOR A
CEREMONY FOR A FORMER ERER CAV E
CLERK.
CLERK. DO YOU THINK THAT WAS A WISE
DECISION BY THE SENATE MAJORITY
LEADER?
LEADER? >> NO, IT WAS ABSOLUTELY
IRRESPONSIBLE OF THE SENATE
LEADER TO DO THAT.
HE ULTIMATE RECALLED EVERYONE IN
FOR A VOTE TONIGHT, A VOTE THAT
DID NOT OCCUR BECAUSE HE WORKED
OUT A DEAL.
HE HAD A PROBLEM IN HIS OWN
PARTY, A DEAL THAT COULD HAVE
BEEN WORKED OUT LAST WEEK.
AND WE HAVE STILL NOT MOVED
FORWARD ON THE CORONAVIRUS BILL.
THIS MAKES NO SENSE AT ALL.
IT’S AS IF HE HAS NO SENSE OF
URGENCY ABOUT THIS PROBLEM AND
NO SENSE OF WHAT TO DO.
YOU STARTED THIS BY ASKING DO I
FEEL BUTTERETTER TRUMP ADMITTED
IS A PROBLEM, SURE.
IT’S TIME TO ACT.
WE SHOULD HAVE BEEN ACTING
MONTHS AGO AND IF THAT MESSAGE
STILL HAS NOT ARRIVED WITH THE
PRESIDENT OR MITCH MCCONNELL,