4.4 • 4.9K Ratings
🗓️ 27 March 2020
⏱️ 38 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
President Trump worries a sustained lockdown may do more damage than the covid-19 pandemic itself. More Americans have been laid off in the past week than ever before. He wants the country back open for business by Easter. Meanwhile Congress has approved nearly two trillion dollars to avert a prolonged slump. But is it enough?
Chicago restaurant workers tell us what happens when an entire sector shuts down. Idrees Kahloon, US policy correspondent, assesses the rescue package. Economics columnist Ryan Avent looks back into history to find out what is missing from the current bailout plan.
John Prideaux, The Economist’s US editor, hosts with Charlotte Howard, New York bureau chief, and Washington correspondent Jon Fasman.
Read The Economist’s full coverage of the coronavirus.
For access to The Economist’s print, digital and audio editions subscribe: www.economist.com/pod2020.
Hosted on Acast. See acast.com/privacy for more information.
Click on a timestamp to play from that location
0:00.0 | It's a beautiful day, the beaches are open, and people are having a wonderful time. |
0:05.7 | Donald Trump's critics have used that movie quote to liken him to Larry Vaughan, the villain |
0:10.3 | in jures, the politician who disregards the shark threat to keep the resort open for business. |
0:16.5 | Amity is a summer town, Vaughan says. |
0:19.0 | We need summer dollars. |
0:21.3 | Before Boris Johnson was the UK's prime minister, he named Mayor Vaughan as his political hero. |
0:26.7 | Quote, he kept the beaches open, he did the right thing. |
0:30.6 | We don't know President Trump's take on jures, but the tension between public health advice |
0:35.3 | and the need to avert economic calamity has never been clearer. |
0:40.0 | With 220 days to go, this is Chex and Balance. |
0:44.9 | I'm John Prado, the economist's US editor, and this is a podcast about the 2020 elections. |
0:53.9 | Each week we take one big theme, shaping American politics and explore it in depth. |
1:00.9 | Today, Canada can America avoid a prolonged economic slump. |
1:09.0 | Congress has stumped up nearly $2 trillion to rescue the American economy, but is it enough? |
1:15.7 | White House advisors worry the damage inflicted by a sustained lockdown may be worse than |
1:20.5 | the toll of the virus itself. |
1:23.3 | Before COVID-19 hit, President Trump staked his re-election on his success in juicing |
1:28.0 | the economy. |
1:29.0 | Now, he wants the country back open for business by Easter, just two weeks from now. |
1:35.1 | In this episode, we'll look at one of the worst hit sectors, restaurant trade, and find |
1:40.1 | out what history suggests might be missing from the current bailout plan. |
1:54.3 | With me as ever, to talk about all of this, Charlotte Howard, the economist's New York bureau chief, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.