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The Daily Signal

The Price of COVID-19 on America's Economy

The Daily Signal

The Daily Signal

News, Daily News, Politics, Government

4.81.4K Ratings

🗓️ 4 May 2020

⏱️ 30 minutes

🧾️ Download transcript

Summary

The $2.2 trillion CARES Act stimulus package and historic unemployment during the coronavirus pandemic is placing a strain on our economy and has greatly increased the national debt. Rachel Greszler, research fellow in economics, budget, and entitlements at The Heritage Foundation, joins the podcast to explain the effects of record high unemployment on the economy and how Americans can successfully get back to work after COVID-19. Greszler also shares the intended purpose of the Paycheck Protection Program and what Congress can do to resolve the program's shortcomings. Check out The Heritage Foundation's Blue Print for Balance to find out how balancing the federal budget is possible. Also on today's show, we talk with Neal Harmon, co-founder of the family-friendly streaming service VidAngel, about the platform’s original series “The Chosen.” Enjoy the show! 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 for Monday, May 4th. I'm Robert Bluey.

0:09.0

And I'm Virginia Allen. On today's show, we talk with Rachel Grezler, Research Fellow in Economics, Budget and Entitlements at the Heritage Foundation.

0:18.0

Rachel breaks down what the high unemployment numbers mean for our economy and how long America can sustain our growing national

0:26.1

debt.

0:27.1

We also share your letters to the editor and a good news story interview with Neil Harmon,

0:31.3

co-founder of the Family Friendly streaming service,

0:34.0

Vid Angel, about the original series The Chosen.

0:37.0

Before we get started, Rob and I want to tell you about an exciting way to stay engaged

0:42.0

with the Heritage Foundation during COVID-19.

0:45.0

While we can't host events in person right now, Heritage is having webinars almost every single day on a variety of topics ranging from ethics during the COVID-19

0:56.3

pandemic to the Cares Act and the economy.

1:00.2

They're really fantastic Virginia and they're also free. You can find all of our upcoming events by visiting

1:05.5

heritage.org slash events or by checking out the link in today's show notes.

1:11.2

Now stay tuned for today's show coming up next.

1:16.0

I am joined by Rachel Gresler, research fellow in economics, budget and entitlements at the Heritage Foundation.

1:23.2

Rachel, thanks so much for being here.

1:25.1

My pleasure, thanks for having me, Virginia.

1:26.9

Well, today we're talking about our economy

1:29.4

and what are some of those variables that we're seeing right now in the economy and what some of those

1:34.0

effects are of COVID-19 and quite frankly I really wish that this could be a cheerier conversation,

1:40.7

but I'm really glad that you can join us today and share a little bit of your expertise on this subject and just give us a glimpse into America's economy now and what it might look like in the future.

1:52.0

So let's begin by talking about unemployment. and what it might look like in the future.

...

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