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Deconstructed

How to Save the U.S. Economy, With AOC and Stephanie Kelton

Deconstructed

The Intercept

News

4.84.7K Ratings

🗓️ 20 March 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Border Closures. Economic meltdown. Skyrocketing unemployment claims. Every day brings new news of the COVID-19 pandemic’s unprecedented impact on American life. Will the federal government find the political will to enact the kinds of radical measures necessary to help Americans keep their heads above water during this crisis? New York congresswoman Alexandria Ocasio-Cortez and economist Stephanie Kelton join Mehdi Hasan to discuss what needs to be done.

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Transcript

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0:00.0

We cannot respond to this with a bandaid.

0:02.4

We need to respond to this with permanent systems and structures

0:05.7

so that we do not find ourselves in this fragile of a position again.

0:15.7

Welcome to a special episode of Deconstructed,

0:18.4

which I hope you're listening to at home while social distancing.

0:21.7

I'm recording this here in my home.

0:23.3

It might cause it, in fact, because these are dark times.

0:26.6

Here in the United States,

0:27.5

the number of confirmed cases of COVID-19 continues to skyrocket.

0:31.4

200 Americans are dead,

0:33.0

and the US economy is in meltdown.

0:35.2

How many more Americans will suffer and even die?

0:37.8

Not just from the virus itself,

0:39.6

but from the massive economic fallout,

0:41.7

the lost jobs, incomes, homes.

0:44.7

As the economy comes to an unprecedented standstill,

0:48.2

and some politicians even top Democrats don't quite get it.

0:52.5

There's a lot of like this 90s wankery going on,

0:55.9

but it doesn't address the core issue,

0:58.0

which is that people are experiencing a shock right now.

1:01.8

We need to get checks into people's hands.

1:04.0

That's one of my guests today.

...

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