Donald Trump, E. G., President Trump discussed on Dan Proft

Automatic TRANSCRIPT

Prop show at Thursday night's briefing president trump was a cheat to get people back to work because he said people are E. G. to get back to work we got to get this economy going again you can keep sending out checks but we have to have people providing services and producing things because that's what Americans do we have to get back to work our people want to work they want to go back they have to go back and we're gonna be talking about dates were going to be talking with a lot of great professionals but this is a country that was built on getting it done and our people want to go back to work I'm hearing I'm hearing you loud and clear from everybody so we'll see what the what happens we're gonna have a lot more information early next week and will be reporting that back but I just wanna leave it with you we have to go back this is United States of America they don't want to sit around and wait and that they'll be practicing and by the way a lot of people misinterpret when I say go back they're going to be practicing as much as you can social distance saying and washing your hands and not shaking hands and all of the things that we talk about so much but they have to go back to work our country has to go back our country is based on that and I think it's going to happen pretty quickly I think it's gonna happen pretty quickly a lot of progress is made but we gotta go back to work we may take sections of our country we may take large sections of our country that aren't so seriously affected and we may do it that way but then we got to start the process pretty soon we'll have to talk about exactly how that would work and I said soon they'll be more details coming in the in the coming days and weeks depending on the success in containing the spread of the virus for more on this we're pleased to be joined by Brian Riedel senior fellow at the Manhattan institute former chief economist to Ohio senator rob Portman staff director of the Senate finance subcommittee on fiscal responsibility and economic growth Brian thanks for joining us appreciate it going to be here before we talk about the disaster relief package fell to trillion well six trillion dollars really worth of it the president talking about to and this is been of bubbling for a few days now getting back to work number one that Americans are itching to do so and number two that place it may not be ready to re enter the stream of commerce at the same time so New York City may not be ready to go but a lot of mid to western states may be and how would that look though in terms of quote unquote opening up the economy and is it even within the power of the federal government to do it since it's sort of a state by state decision yeah it's not really in the power of the federal government because eighteen that you mentioned you know it's it's governors who who legally have the power to make bold decisions but also families are going to make that decision you know to try point even if the governor says okay the economy's open everyone go to work there's a lot of people who are going to say I'm not sending my kids to school I'm not going to work you the company can do whatever they want we're staying in until we feel safe additionally the economy that will help local businesses but when you have a interconnected economy where you get a lot of supply chains that go across the country it will be a challenge to have one part of the economy open another party economy closed because we're all interconnected it seems to me it's as much sort of psychic as it is substantive in terms of economic policy people have to feel confident and ready my concern I look up I'm in a continent I want to open the economy as fast as possible and looking at the numbers right now this is going to cost about a trillion dollars a month but we're not going to get it open until people feel safe it really doesn't even matter what the president or governor say until people I feel like either we have the virus under control or we have enough testing or some sort of strategy or even if the virus isn't totally under control people still feel safe we're just not going to get the economy open because we have to fix the health part first and I see this as an economist with terrified of the economic ramifications well in it seems to me like it like it that those who suggest there's no opportunity for some sort of balanced approach are wrong that the perhaps the a watershed moment will be when the Tony Fauci or Deborah Berke says we flatten the curve and run the downside now is you actually sees start C. cases go down and perhaps and and no hot new hot spots emerge then you can start to see maybe people coming out of the shadows and saying I feel safe to get back to work and get back to life I think that's what it takes to win when we feel like we flatten the curve when also hospitals are reporting that they have the capacity to deal with new cases that's gonna psychologically help a lot of people feel like that they're not gonna they're not gonna feed overwhelmed hospital system that can't serve them but I think we're also going to kind of need to do something like with South Korea is doing where they're just massive patent massively easy testing for people and that's when people will be able to feel confident that if somebody is coming down with corona virus it could be discovered very quickly even before the show a lot of symptoms and and that way you're getting kind of segregate the people who might have it from the people who don't that will kind of build psychologically the momentum for people to to and they're locked down so when we come back with a primary I'm gonna pick up the health implications of the shut down in the under reported aspect of health implications for wrecking people economically or more with prime male senior fellow.

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