We’re Gonna Need a Bigger Stimulus

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Slate Podcasts

Daily News, News, News Commentary

4.3 • 2.4K Ratings

🗓️ 27 April 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With 26 million Americans filing for unemployment in the last five weeks, it’s obvious that the economy is still broken. However, Congress hasn’t been sitting on its heels—trillions of dollars of aid have been approved with billions more signed into law this week. The problem? It just hasn’t been enough. Now, the nonpartisan Congressional Budget Office forecasts unemployment could reach 16 percent later this year. So, what else can Congress do to resuscitate the economy? Guest: Jordan Weissmann, Slate’s senior business and economics correspondent. Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.0	This past Friday, anyone who's been tracking the economic spiral in this country,
0:39.4	got some bad news.
0:41.5	It came from a bunch of nonpartisan policy wonks on Capitol Hill.
0:45.5	So Jordan, can I just tell you what I thought when I saw this Congressional Budget Office report?
0:51.5	I was like, what's the opposite of the future so bright I got to wear shoes?
0:58.5	There's this great song that only fans of 2000's indie rock will remember.
1:05.4	It is called the opposite of hallelujah.
1:08.0	But sister, there's the opposite of hallelujah.
1:13.0	There's the opposite of being you.
1:16.4	You don't know.
1:17.2	And I feel like that sort of, that's sort of what that report was.
1:20.9	Just the opposite of hallelujah, the opposite of things are going to be okay.
1:24.7	You don't know what I'm going through.
	...

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