COVID-19 Spurs Suspension of Regulations That Were #NeverNeeded
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 19 March 2020
⏱️ 11 minutes
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| 0:00.0 | This is the Kator Daily Podcast for Thursday, March 19th, 2020. |
| 0:08.0 | I'm Caleb Brown. |
| 0:09.2 | Congress has moved relatively swiftly to beef up safety net authorities and unemployment benefits |
| 0:14.8 | as a national emergency declaration has unlocked presidential authority. |
| 0:19.3 | Meanwhile states and the feds have moved swiftly to undo regulations that have hampered |
| 0:24.0 | emergency responses by both the public and private sector. |
| 0:27.6 | Cato's Will Yeagman comments. |
| 0:29.6 | Congress is continuing to work on either a stimulus package or writing checks to all adult Americans, |
| 0:39.0 | but this was of course not their first legislative action in response to COVID-19. |
| 0:47.1 | What has Congress done so far as of this recording? |
| 0:51.3 | Well, as of this recording? Well as of this recording they're working on their third measure. |
| 0:56.6 | So a couple weeks ago they actually passed a first measure of 8.3 billion billion directed specifically at the medical supply chain if you will. |
| 1:08.2 | I mean from hospitals to everything else. |
| 1:11.8 | Subsequently they passed a sort of a mini stimulus that in essence expanded and |
| 1:19.8 | beefed up, if you will, existing social safety net factors or policies and currently they're |
| 1:28.5 | sort of working on a big kick and caboodle so you know after starting with |
| 1:32.1 | sort of a targeted plant you know that |
| 1:34.9 | first measure targeted it at the the health supply chain per se the second measure |
| 1:41.2 | is sort of beefing up existing safety net authorities and |
| 1:45.6 | currently they're working on sort of this grand stimulus-esque trillion- dollar measure to keep the economy or to respond in an economic |
| 1:57.7 | fashion to the economic damage that's been wrought by the response to COVID. |
| 2:03.8 | What powers have been unlocked for the president with respect to this, which is, I think, |
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