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What Next | Daily News and Analysis

Can Our Economy Handle This?

What Next | Daily News and Analysis

Slate Podcasts

News, News Commentary, Daily News

4.32.4K Ratings

🗓️ 17 March 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

In the face of the coronavirus outbreak, U.S. political leaders are moving faster than they have in years. But it still might not be fast enough. Guest: Jordan Weissmann, Slate’s senior business and economics correspondent.  Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everyone, we've got Jordan Weisman on the show today.

0:02.8

He is a tendency to curse, especially when he's staring down a financial crisis.

0:07.6

You've been warned.

0:08.5

Last week, Slate's Jordan Weisman came on the show.

0:18.3

And we tried to answer this question, will the coronavirus take the economy?

0:24.4

And since then, I gotta say, the signs have not been looking great.

0:28.3

The stock market has continued to plummet.

0:30.9

Washington has been scrambling to do something anything to make a difference.

0:36.0

Last week, the House passed what they called the family's first coronavirus response act.

0:42.1

Jordan says this bill, it's still not enough.

0:45.3

Yeah, I just, I think we need to get more creative.

0:48.8

Or, you know, the administration is talking about things like bailouts for certain industries,

0:53.3

like cruises and airlines.

0:55.1

Yeah, sorry, I have, like, I just saying that we're going to bail out the cruise industry is still

1:00.7

a little bit of a mind-bender for me.

1:08.9

You know, we're talking about bailing out certain select industries, like airlines,

1:12.1

like hotels, like cruises.

1:15.1

But we already need to be thinking more creatively and more boldly.

1:22.0

It's interesting, like listening to you, it's like you're just like, we need to think bigger.

1:26.4

Like if you're thinking of something, just like think again and think more.

1:30.8

Yeah.

1:33.5

But before we do something bigger, Congress is going to have to do something at all.

...

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