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The Daily Signal

The Consequences of a Federal Bailout for the States

The Daily Signal

The Daily Signal

Government, Daily News, News, Politics

4.81.4K Ratings

🗓️ 1 May 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

As lawmakers debate over a bailout for the states, Jonathan Williams, the chief economist and executive vice president of policy at the American Legislative Exchange Council, has a warning for states. "Strings that come with these federal dollars oftentimes outlive the federal dollars, as we've found out with the last time we had a bail out of the states during the Obama era," Williams says. "And I think it's just a dangerous precedent to set that the states would look to the federal government to be their solution for problems that they are well-equipped to handle themselves." He joins The Daily Signal Podcast today to talk about why should states say no to a federal bailout, if federal bailouts affect states' rights and sovereignty, if federal bailouts potentially affect tax rates, and much more. We also cover these stories: United States intelligence are maintaining that the coronavirus was "not man-made or genetically modified, however U.S. intelligence also announced that they will be investigating whether the virus originated in a lab in Wuhan, China.  Another 3.8 million Americans filed for unemployment last week according to the Department of Labor’s Thursday report. President Donald Trump says that former national security adviser Michael Flynn is “essentially exonerated” after documents have been opened in his case.  Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Daily Signal Podcast.

0:05.0

This is the Daily Signal Podcast for Friday, May 1st.

0:08.6

I'm Virginia Allen.

0:09.9

And I'm Rachel Del Judas.

0:11.6

Jonathan Williams is the chief economist

0:13.6

and executive vice president of policy

0:15.7

at the American Legislative Exchange Council.

0:18.4

He joins me by phone today on the Daily Signal

0:20.6

Podcast to talk about why a state should say no thanks to a federal bailout.

0:25.0

Don't forget, if you're enjoying this podcast, please be sure to leave a review or a five-star

0:30.0

rating on Apple Podcast and encourage others to subscribe.

0:33.6

Now, onto our top news.

0:35.0

United States intelligence are maintaining that the coronavirus was not man-made or genetically modified.

0:47.0

However, U.S. intelligence also announced that they will be investigating whether the virus originated in a lab in

0:53.0

Muhan, China.

0:53.7

The entire intelligence community has been consistently providing

0:57.2

critical support to U.S. policy makers and those

1:00.3

responding to the COVID-19 virus,

1:02.7

which originated in China.

1:04.4

The intelligence community also concurs

1:06.6

with the wide scientific consensus,

1:08.7

the Office of the Director of National Intelligence

...

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