4.9 • 4.7K Ratings
🗓️ 3 April 2020
⏱️ 27 minutes
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Senator Cruz and Michael sit down from a safe distance to discuss the historic economic devastation brought on by coronavirus and what to do about 10 million job losses in just two weeks.
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0:00.0 | 3.3 million Americans lost their jobs two weeks ago. Another 6.7 million Americans lost |
0:07.7 | their jobs last week. And we have got at least another month of shutdown to go. This is |
0:14.5 | Verdict with Ted Cruz. |
0:15.6 | Welcome back to Verdict with Ted Cruz. |
0:24.6 | I'm Michael Knowles. |
0:25.6 | Senator, I'm sorry to be joining you in these unpleasant conditions. |
0:29.6 | I was hoping by now we could be doing shows in person again. |
0:32.6 | Instead, we are quarantined and the economy is collapsing all around us. So we've got so much to get to. |
0:39.5 | 10 million Americans have lost their jobs in two weeks. |
0:43.1 | At what point does this shutdown become economically untenable? |
0:48.1 | Well, we've got two disasters that are playing out simultaneously. |
0:52.0 | We've got the public health crisis, and it is real. The numbers |
0:55.9 | keep growing. The fatalities keep growing. And that, all of us are struggling to deal with that. |
1:03.4 | At the same time, we've got an economic crisis that's playing out. And the economic crisis |
1:08.2 | is caused by the government's policies put in place to deal with a public health crisis. |
1:14.5 | That economic crisis is producing devastation. |
1:17.8 | Ten million people have lost their jobs in the last two weeks. |
1:21.0 | Small businesses are shutting down one after the other after the other. |
1:25.2 | Restaurants, bars, nail salons, movie theaters. People are hurting, |
1:34.6 | and we don't know how long this is going to last. That being said, we're seeing, I think the |
1:40.0 | federal government, the legislation that was passed last week will begin to provide some |
1:44.6 | much needed relief to a lot of people who are hurting. |
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