The coronavirus relief package signed by President Trump Wednesday provides unemployment benefits and free coronavirus testing to millions of Americans suddenly out of a job, but guarantees paid sick leave to less than 20% of American workers. Earlier this month, Trump signed into law an $8 billion coronavirus response package and has laid out the first details of a third, $1 trillion economic package and invoked the Korean War-era Defense Production Act to allow the government to direct industrial production. For more on those bailouts and who benefits, we speak with Joseph Stiglitz, Nobel Prize-winning economist, Columbia University professor and chief economist for the Roosevelt Institute. He served as chair of the Council of Economic Advisers under President Bill Clinton and as chief economist of the World Bank. His latest book is “People, Power and Profits: Progressive Capitalism for an Age of Discontent.”
#DemocracyNow
Democracy Now! is an independent global news hour that airs on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
YouTube: https://youtube.com/democracynow
Facebook: https://facebook.com/democracynow
Twitter: https://twitter.com/democracynow
Instagram: https://instagram.com/democracynow
SoundCloud: https://soundcloud.com/democracynow
iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554
Daily Email Digest: https://democracynow.org/subscribe
Democracy Now | Radio Free (2020-03-21T09:06:22+00:00) Joseph Stiglitz: Trump’s “Trickle-Down” Economic Plans Are Not Enough to Meet Coronavirus Challenge. Retrieved from https://www.radiofree.org/2020/03/21/joseph-stiglitz-trumps-trickle-down-economic-plans-are-not-enough-to-meet-coronavirus-challenge-2/
Please log in to upload a file.
There are no updates yet.
Click the Upload button above to add an update.