4.5 • 705 Ratings
🗓️ 19 March 2020
⏱️ 11 minutes
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0:00.0 | Welcome to Taxis ProRotter, where we take just 10 minutes to get you smarter on the |
0:07.3 | collision of tech, business, and politics. Sponsored by Bridge Bank. Be bold. Venture wisely. I'm |
0:12.1 | Demp. On today's show, political fundraising goes virtual and grocery store clerks have become |
0:17.6 | officially essential. But first, D.C.'s plan to save America. |
0:22.1 | The White House yesterday afternoon proposed a $1 trillion economic stimulus plan, which included |
0:27.3 | both bailouts and loans for American businesses and personal checks that would be sent to |
0:32.3 | individual taxpayers. It's a huge number, larger than the initial Wall Street bailouts, and yet there |
0:38.7 | are already worries that it's not large enough. For example, the Washington Post's Jeff |
0:43.0 | Stein reports this morning that the individual checks could be for just around $1,000 |
0:47.7 | or $1,200 per person total, one check in April, one check in May. For folks who've lost their |
0:53.5 | jobs, that's likely not |
0:55.1 | going to be enough to pay the rent, let alone to keep the lights on and stock the fridge. And just to be |
1:00.1 | clear, people are losing their jobs, with some estimates that the next new jobless claims report |
1:05.4 | will be in the millions, not the thousands. One encouraging step, though, is that most of our |
1:10.3 | partisan politicians do seem to be |
1:12.3 | working together. The first two phases of the stimulus already passed both houses of Congress and have |
1:17.0 | been signed by President Trump. The first one was around extra funding to agencies like the CDC and |
1:21.6 | Small Business Administration, while the second signed just last night, gives free coronavirus testing |
1:26.5 | to those without health insurance, |
1:28.1 | increases Medicaid and food security assistance, and expands access to paid sick leave. So the big |
1:33.3 | questions now are what Congress will pass in terms of phase three and how soon. Doing nothing |
1:39.1 | or not doing much is no longer an option. In 20 seconds, we'll go deeper and try to get answers |
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