2020-03-19 12:28:27

Trump’s “Trickle-Down” Economic Plans Are Not Enough to Meet Coronavirus Challenge

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, Democracy Now! speaks 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.

Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González. 

Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues. 

On DN!, you’ll hear a diversity of voices speaking for themselves, providing a unique and sometimes provocative perspective on global events.

Missed an episode?  Check out DN on FSTV VOD anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change. 

#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling and online at freespeech.org.

Amy Goodman Democracy Now! economics Economy Joseph Stiglitz Trickle Down United States

Economy

Mobilized

We the People, We the Power

We the People, We the Power

Democracy Now!

Democracy Now! | The FAA Grounds all Boeing 737 Flights

Democracy Now! | The FAA Grounds all Boeing 737 Flights

The Rick Smith Show

The Rick Smith Show | GM Cries Poverty During UAW Strike Then Announces $10 Billion in Stock Buyback

The Rick Smith Show | GM Cries Poverty During UAW Strike Then Announces $10 Billion in Stock Buyback

The Stephanie Miller Show

The Stephanie Miller Show | Unmasking Senator Kennedy's Gun Violence Blunder

The Stephanie Miller Show | Unmasking Senator Kennedy's Gun Violence Blunder

Related

Exciting Spring Schedule Changes on Free Speech TV!

Exciting Spring Schedule Changes on Free Speech TV!

Mobilized

We the People, We the Power

We the People, We the Power

Democracy Now!

Democracy Now! | Children in are Dying of Malnutrition and U.S. Only Calls for a Six-Week Cease-Fire

Democracy Now! | Children in are Dying of Malnutrition and U.S. Only Calls for a Six-Week Cease-Fire

Democracy Now!

Democracy Now! | The Death Toll In Gaza Continues To Grow

Democracy Now! | The Death Toll In Gaza Continues To Grow

Proud Partners