Name: クドロー氏、経済全体の3分の1が新たな支援策でカバーされると発言｜ABCニュース (Kudlow says one-third of the whole economy covered by new assistance package | ABC News)
Uploaded: 2021-01-14T10:31:00.000Z
Duration: 11 min 54 s
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Let's dig into that $2 trillion stimulus bill the President signed with President Trump's top economic adviser, Larry Kudlow.

You heard that plea from a single mom to make sure everyone will be okay.

To reassure her and millions of other Americans they will be okay.

Well, it's gonna be the biggest assistance package in history, Martha.

Well, a lot of the people you talked to had a sense of optimism.

We gotta fight together to get through the effects of the virus.

In economic terms, safety comes first, but we're doing the best we can.

We've got a $6.2 trillion assistance package and just some of the quick factoids We're basically gonna be providing significant assistance to 175 million people.

Roughly $600 billion is allocated to that and to the small business and the small business, which will go up next week.

And know when you count the payroll tax holiday, you're gonna be moving towards five or 600 billion.

We're trying to let him have enough assistance to get through daily family needs with the kids, some of maybe home.

We are going to cover their sick bay leaves.

I think, you know, and we're also protecting payrolls.

All the loans and loan guarantees will be forgivable.

Well, first they'll be made, and then they'll be forgivable, provided the small business people hang on to their payrolls.

So it may not be perfect, but I think it's going to give tremendous amount of resource is to get us through.

What we still believe is gonna be a question of weeks and months.

Maybe I should say a prayer for Lee Weeks, but we think we can get through this period.

We we know about those eye popping numbers this week, the $2 trillion stimulus package, with checks going out to millions and millions of Americans, as you say.

Given those soaring unemployment numbers more than three million people?

I mean, you know the whole package when you take the 2.2 trillion of direct federal assistance, which, by the way, goes to states and goes to hospitals and ghosts and medical equipment covering the waterfront.

You know, you're really talking about 1/3 of GDP.

1/3 of the whole economy is being covered by this package.

It's the largest mainstream financial assistance package in the history of the United States.

So it's hard to know if we can get everything.

I think the sheer resource is here we're putting in whatever it takes.

We're using every federal power lever possible to help folks.

It's going right into the middle, lower middle class people.

And, by the way, Martha, other things student loans are gonna be deferred.

Income tax payments gonna be deferred for several months.

As I said, there's a small business, Mr Carlo, you say weeks, you say weeks, not months, but half months.

But how can you be sure that this economic tragedy won't be long term if there's no guarantee that people will have jobs to return to?

Because getting those businesses reopened, we've heard from them with changes necessary to ensure people stay healthy will take time.

Coffee shops are not gonna look the way they did before theaters.

So what is waiting for unemployed people on the other side of this?

Well, listen, I say that weeks, it could be four weeks.

I say that hopefully and I say that prayerfully.

That's what some of the science experts health of telling us.

I don't know if they'll be right, but let me just say this.

You can't have a good job unless you have a healthy business.

Provide tremendous tremendous assistance to the individual men and women and therefore on the other side, tremendous assistance to the small businesses for which they work.

We're trying to bounce this out, and I think that's really the first time this kind of package has ever been put forward.

I spent all my career being an optimist and trying to promote economic growth.

This virus, nobody expected this thing to come down as far and hard and widespread as it did, but it did.

And we got Mr Carter, I want I want to stop you there just for a second.

It was It was also just a month ago, you told CNBC that you thought the virus was contained in the country even though doctors were warning others otherwise.

You also downplayed the threat of a long lasting economic tragedy.

You have since said that was based on facts at the time.

But why should people trust you this morning with a prediction, Guaymas, Good as the facts are.

And at the time I made that statement, the facts were contained.

The president had just put the travel restrictions on China and a lot of people agree with me.

In fact, at the time, a lot of people felt that the flu was worse than this virus, but assumes the facts changed.

We changed our whole posture and our whole strategy, and we've gone full bores.

I said, No package like this has ever been passed Congress before.

And look at President has said we will doom or if need be.

Ah, how quickly Can you get those checks out?

Given the infrastructure that match money, those that number of checks, the direct checks will come out probably in a couple two weeks.

I believe Secretary Mission is saying this loans to the small businesses will be ready for processing this coming week.

So we will have rapid speed much faster than has been done in the past with these things.

And so we will get it in the people's hands right away.

And don't forget also, please, regarding things like rent payments or rental home loans.

All that will evictions on the ad that all that will be put on hold.

There will be no evictions during this period.

Ah, principal and interest on loans, their federal loans can be suspended.

We've tried to cover every single base as we realized the scope and spread of this thing.

So it's not really as much as anybody has ever done.

And by the way, we have provided temporary emergency financing from the Treasury Department toe unlock.

Massive massive resource is from the Federal Reserve.

That resource is will help stabilize financial markets will also stabilize credit card payments, student loan payments, money market.

Even in the most optimistic scenarios, how can you spend that kind of money and not raise taxes?

Well, we're not raising taxes were cutting taxes.