Jamie Weinstein on Virus ‘Stimulus’: ‘We’re Going To See Many More Proposals of a Much Higher Dollar Amount’

RUSH EXCERPT:

JAMIE:  "Well, I think a lot of things have been floated. I mean, you played the clip earlier of secretary mnuchin saying this is really the is second inning of that house bill. So I think there’s potentially a lot more, especially if we see, you know, sudden economic stops in other industries like we are seeing in France today with movie theaters and other venues, cafés where perhaps there’s been a suggestion that direct payments to adults and children in this country in the range of $1,000 per adult and $500 for children, you know, that hasn’t, you know, bubbled up to something that’s actionable in actual legislation. But a lot of economists have pointed at that as a possibility to prevent a severe recession. So I think we’re going to see a lot more proposals in the coming weeks especially as we see more restrictions on businesses, cafés closing down, movie theaters closing down, things of that sort. I think we’re going to see many more proposals of a much higher dollar amount than we’ve seen so far."
ERIC:  "And it seems on capitol Hill both sides are cooperating and recognizing this. Here’s Kevin Mccarthy."