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

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