And greatly appreciate all of the work done by law enforcement, my heart goes out to georges family and friends, justice will be served. I can tell you as im briefing you at this moment, the president is receiving a briefing from the attorney general, bill barr, on this, and the Deputy Director of the f. B. I. That is ongoing as i begin this briefing. Secondly i want to transition into some news from s. B. A. And treasury that was announced that today the u. S. Small Business Administration in consultation with the u. S. Treasury department announced it is setting aside 10 billion of round two funding for the Paycheck Protection Program to lent exclusively to cdfis, Community Development financial institutions. Cdfis work to expand Economic Opportunity in lowincome communities by providing access to products and services to local residents an businesses. We are encouraged to see that finally before taking your questions i want to address whats going on on twitter and social media. I be
Massachusetts amherst and formerly a professor of economics at yale and the new school among others hes also the founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and rejected correspondent enters lee does some Fact Checking on voting but 1st lets go to that discussion between camp and richard will professor wofl you so much for joining me. My pleasure me glad to be here i dont know anyone better than you to diagnose the problems right now or looking at an economic crisis possibly 30 percent Unemployed People thought for an across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well is a fuel cost but basically youre right the consensus was that we were doing really pretty well the presid
To that discussion between camp and richard will professor wove thank you so much for joining me my pleasure im really glad to be here i dont know anyone better than you to diagnose the problems right now were looking at an economic crisis possibly 30 percent Unemployed People suffering across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well as a fuel cost but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even come greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new young
No one could see that capitalism would have such a problem is that right. Well is a fuel cost but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new one century. In 2000 in the spring we had what came to be called the dot com crash into the sounds were 8 we had retained to be called the sub prime mortgage crash and now in 2020 we have their 3rd one their socalled coronavirus crash again and here is giving a name to each crash as if the cause and the explanation is entirely on what the trigger was you know but now its a mistake that is a economics mistake you give a kind of are still going to see miners
Business intelligence brian weezer told the media that quote our understanding is that in the typical campaign 60 percent of funds raised may be deployed in the media spending consequently we recognize that the current political cycle could lead to higher levels of spending than we currently incorporate into our forecast that means that by tuesday nov 3rd our illustrious Political Parties could spend well over 12000000000. 00 just to get themselves elected do you really do you really think they spend numbers like that because they really really really really really want to be humble public servants. Not a chance and that is why my friends we are always watching all this. Like you know that i got. This. Well demoted watching the hawks i am i robot joining me today is Award Winning journalist chris hedges to talk about our political leaders are spending so much money just to get themselves elected and the other battlefronts on the war in the pork thank you so much for joining us. Accordi