The stimulus failure

Explain It to Me

Vox Media Podcast Network

Politics, Society & Culture, Education, News

4.4 • 8K Ratings

🗓️ 22 May 2020

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ezra and Matt on Trump's pseudo-federalism and Pelosi's strange aversion to automatic stabilizers. Resources: "Nancy Pelosi says Democrats opted against putting federal aid on autopilot in their $3 trillion coronavirus spending package to avoid amplifying sticker shock" by Joseph Zeballos-Roig, Business Insider "Trump Rewrites the Book on Emergencies" by Christopher DeMuth, WSJ "Federalism Is an Asset" by Danielle Allen, Anne-Marie Slaughter, Josh Simons, & Carmel Shachar, Harvard References: Recession Ready: Fiscal Policies to Stabilize the American Economy, The Hamilton Project Fix recessions by giving people money - The Weeds, featuring Claudia Sahm The case for subsidized jobs - The Weeds, featuring Indi Dutta-Gupta Hosts: Matthew Yglesias (@mattyglesias), Senior correspondent, Vox Ezra Klein (@ezraklein), Editor-at-large, Vox Credits: Jeff Geld, (@jeff_geld), Editor and Producer The Weeds is a Vox Media Podcast Network production Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Crypto doesn't sleep, so neither do we.
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0:17.0	not investment advice. Crypto trading involves risk of loss.
0:24.0	Many years in appropriator and in leadership,
0:27.0	we did not realize, because we have never spoken in these big terms before,
0:31.0	if you have a stabilizer in it that something will happen next January
0:36.0	and then you'll have $400,500 billion worth of unemployment checks going out,
0:41.0	it counts in the bill today.
0:57.0	Hello, welcome to another episode of the Weeds on the Box Media Podcast Network.
1:00.0	I'm Matthew Eglaceus here today with Ezra Klein.
1:03.0	We're going to talk about federalism in the coronavirus era.
1:07.0	But first, I think we wanted to talk about the fiscal stimulus measures that are or not being considered in Congress.
1:16.0	It's very refreshing to me personally to see this topic,
1:21.0	because unlike virology, it's something I know like a lot about,
1:25.0	I've covered for years, feel very firm on,
1:29.0	and there's a lot going on, right?
1:31.0	So how does Democrats put out this kind of big proposal?
1:34.0	It's a $3 trillion thing.
1:36.0	It involves extending the bonus unemployment insurance.
1:39.0	It involves a lot of money for state and local governments.
	...

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