former Trump senior economic advisors
Steve Moore whose joins us as well as
former South Carolina congressman trey
Gowdy gentlemen thank you very much for
being here Trey let me go to you first
because one thing that this
administration is trying to do is to
utilize our greatest asset in America
which is the people rather than just
view the people as victims that need to
be holed up somewhere and and getting
them everything for free that we can
possibly think of we're trying to
utilize specifically the private sector
and individuals in health care in
industry to take an active part they
have now the defense production Act
which would give the president authority
to demand that certain industries do
certain things he hasn't invoked it
specifically yet but I like the attitude
of putting our greatest asset to work
don't you
yes sir after all this is a
participatory democracy we all have a
role to play the scientists and health
care providers in particular with this
particular catastrophe that our country
is facing but we're resilient we're
industrious and if we can just focus on
taking care of one another and a
sacrificial courageous way follow the
government edicts and guidelines then we
will make our way out of this storm
Steve you know a lot of people are
thinking that you don't necessarily have
to spend money one thing that might be
done it's just throwing it out there is
to is to end all terrorists for the
duration of this crisis just end them
all that might be a great help not only
to the United States but to the rest of
the world economy what do you think yeah
I like that idea a lot and I think you
know people and especially investors
who's getting hammered obviously in the
last three weeks with this ten thousand
point decline in the Dow I think the
idea of expanding and reassuring people
that the global trading system will
remain intact by eliminating some of
these tariffs would be a good idea look
I'm so happy that we have a president
and reassured that we have a president
who has a steady hand here I think he
has a calming influence and that's so
critical one point that the president
made and I think you know I was
listening to it on the radio and I
thought I heard him say that he would he
might be in favor
the government taking an equity share in
some of these companies David did I miss
here though no you did not he did say
that he likes that idea as a possibility
yeah and I just I would say it makes me
nervous
I don't like the government taking
ownership now I don't I think there is a
precedent in that I think in the
2008-2009 crisis when we helped some of
these banks I I believe and again I'm
not certain about this that the
government may have taken a some kind of
act but we certainly a.m. and the
taxpayer that ended up losing about
eleven billion dollars on that deal
gentlemen hang with us for a second I
want to bring in another guest if I can
Arizona Republican senator Martha
McCallum excelling forgive me senator
thank you for being with us you come
from the military senator and and that's
where you discover that when you unite a
group of Americans with a single purpose
you can get a lot done it seems that we
are now putting politics aside to a
certain extent in getting to that level
do you agree I do and I think this
challenge is unprecedented and it can
bring out the best in us as Americans
we're doing our part here in DC the
federal level breaking through the
bureaucracy with the administration the
private sector coming online and then
really across society we're hearing
stories every single day the faith-based
community and neighbors and friends
supporting each other shopping for the
vulnerable babysitting for health care
workers and this is I think our
opportunity we know America will get
through this but we will do it together
by bringing the best of what everybody
has to offer to help communities and
individuals while we're continuing to
ensure that health care workers are
supported and we protect the vulnerable
now trey gowdy what the senator was just
mentioning we're sort of volunteer
efforts on the part of Americans to help
us in this situation the defense
production act is it goes a step beyond
that it really empowers the federal
government to direct the private
industry to make certain things that we
need the president said he's going to be
very careful about how he invokes that
because it is could be too powerful what
do you think yeah I think the president
is right fundamentally is
state's responsibility the states in the
past have been have been principally
charged with handling public safety and
public health I think he invoked this
act so he would have the power to act
quickly if necessary but the best
scenario was for the states to access
the masks of the ventilators or the
respirators whatever they need us to be
just kind of a safety net if needed and
hopefully not needed we also have with
us physician and health health policy
expert dr. Roger Klein with us dr. Klein
were you encouraged by what you heard
about the development of new drugs and
getting them out there as quickly as
possible I think the president's doing
the right thing and he's mobilizing the
private sector and as others have said
bringing the energies of the American
people our talented people together to
fight this issue probably senator if I
could go back to you for a second the
president has said that he is going to
help out the airline industry which is
devastated and and he mentioned a 50
billion dollar figure that wouldn't
necessarily be grants a lot of that
would be in terms of loans that the
Treasury Department might underwrite
what about buying up all the jet fuel
that we possibly can in the world right
now when it's on sale because of what
the Saudis and the Russians are doing
kind of call their bluff and say okay
you're providing the world with all this
cheap oil and and gas we're going to buy
everything we can maybe use the defense
production act to get industries to
build holding facilities for the jet
fuel and then give the airline's once
they get back online give them a year of
free gas that's an interesting idea I
know he talked about last week the
strategic reserves to be able to help
our oil and gas industry and then just
the jobs that are out there because of
this unrelated but poorly time to fight
between Saudi Arabia and Russia so
another idea we'll bring back in the
meantime we're working fast on making
sure that we get relief to workers to
seniors to small businesses so that when
we turn this around quickly and we keep
employees connected to employers that
there's an opportunity for us to bounce
back very quickly while getting people
what they need
for the basics for themselves and their
families and Steve that brings us to the
the cash payments that Treasury
secretary minuchin was talking about
earlier today with Maria Bartiromo and
suggested he be in two tranches that
that individuals heads of households
would get a thousand bucks so you'd get
$500 for each kid how effective would
that be particularly if you're gonna
lose your job well I've never liked the
idea of jumping dropping money out of
helicopters you know it was Milton
Friedman who taught us there ain't no
such thing as a free lunch and the only
way the government can give $1000 from
someone is to is to take it away from
someone else you know David we need to
get this economy reopened and I think
that the you know when I asked this to
the senator we can't we can't have the
American economy shut down for more than
four weeks the economic devastation to
families would be so severe that I
really believe that the Cure is worse
for the disease here and there's got to
be a strategy for putting people back in
their jobs because the devastation could
be unprecedented irmak Sally a quick
final question from you if I could for
you we're coming up to an election we
don't know what's going to happen
between now and six months when the
election takes place but or eight months
I should say but bottom line is how do
you carry out an election under these
circumstances are we gonna have to do
all mail ends or what well I tell you
for now we're not focused on that you
know we paused any advertising and
door-to-door canvassing and my team is
actually focusing on helping the
vulnerable and the needy right now out
in Arizona so we'll let the officials
figure out the best way forward but I
agree we've got to get this economy
turned back on quickly the way we do
that right now is to buy time to flatten
the curve that's why all of us need to
seriously do what the CDC and the
president asking us to do stay
absolutely unfortunately we're gonna hit
a hard break we thank you Steve more
trey gowdy and the doctor thank you very
much we'll be