Is the Stimulus a Clunker?
The Mona Charen Show
The Bulwark
4.5 • 1.3K Ratings
🗓️ 26 February 2021
⏱️ 59 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Beg to Bueg to Differ, the Bullworks Weekly Roundtable discussion featuring civil conversation across the political spectrum from center left to center right. |
| 0:21.0 | I'm Mona Charon, syndicated columnist and policy editor at the Bulwark, and I'm joined |
| 0:26.7 | by our regulars Bill Galston of the Brookings Institution in the Wall Street Journal, Linda |
| 0:31.5 | Chavez of the Niskanid Center Center and Damon Linker of the week. |
| 0:35.6 | We are delighted to welcome as our special guest this week, Maya McGinnis, president of the |
| 0:40.3 | committee for a responsible federal budget and we want to talk about being |
| 0:47.5 | responsible with our budgeting because right now we are on the verge of the Congress on the verge of considering a |
| 0:55.6 | 1.9 trillion dollar stimulus bill so first things Maya, I want to start with you because |
| 1:05.0 | does the very term stimulus seem misplaced? I mean one of the points that critics |
| 1:12.0 | have made is that we don't need to stimulate the economy. |
| 1:16.5 | The economy will bounce back as soon as the COVID crisis is over. |
| 1:22.0 | People aren't even spending money from the last stimulus many you |
| 1:25.6 | know wealthier people aren't because they need to wait for the virus to be |
| 1:30.2 | conquered before they can resume economic activity. |
| 1:33.4 | Yeah, first, great to be with all of you. |
| 1:37.1 | I really love listening to the show and it's always nice to join you all. |
| 1:41.0 | Absolutely, this isn't stimulus because in the traditional sense |
| 1:45.2 | because this is in no way an economic downturn in the traditional sense. |
| 1:49.6 | Basically we had to shut down the economy in order to fight the pandemic and I think really the way to think about all of this is it's a bridge loan to get to the other side well not a loan a grant but it's a bridge to get to the other side of back when we can open up the economy. |
| 2:07.0 | And luckily all sides are that. When we do that, the recovery in most sectors is going to be quite strong. |
| 2:14.8 | There's actually going to be a lot of pent up demand. |
| 2:18.0 | And so I think it's getting from here to there, |
... |
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