Rep. Tim Ryan (D-Ohio 13th District) said on Friday that the $1 trillion stimulus package currently being negotiated by lawmakers won't be nearly enough to make Americans whole again.
"Quite frankly I think the package that we're seeing coming out of Washington, DC is not even close to meeting the big need that we have," Ryan told Cheddar. "I think we need to be talking more like $2 trillion than $1 trillion, and at least a trillion for the workers."
The former Democratic primary candidate also advocated for bolstering unemployment insurance to ensure that people are making the same amount they did before their jobs.
"These are really essential things to keep the workforce safe, so when we go to kickstart things back up again, they're ready to slide back into the jobs that they lost," he said. "We need to be thinking much, much bigger and in much more innovative ways."
One important thing to keep in mind about this economic crisis, Ryan added, is that federal investment, in this case, won't grow the economy but merely keep it solvent, which may be difficult to swallow for those seeking a return on their investment for any kind of stimulus.
"This isn't like the Great Depression where you put money in people's pockets and then they go out and buy stuff," he said. "Now you're giving people money and basically saying pay your rent, pay your mortgage, pay your auto loan, and then buy food because you can't go anywhere."
The representative also believes the current package is skewed toward companies rather than workers and doesn't want to bail out companies without specific conditions banning stock buybacks or corporate bonuses.
"This is revealing the kind of corruption and rotting of the supply-side economic theory," he said. "The same people that just got the huge tax cuts are coming to the taxpayer to ask us to bail them out. So they get all the profits, and then they socialize the losses."
Terrell Jermaine Starr, senior fellow with the Atlantic Council and host of the Black Diplomats podcast joins Cheddar News to discuss Russia's attempt to invade Ukraine.
With an increasing number of teachers and staff calling out sick by the day, the state of Oklahoma is turning to an unusual solution. Republican Governor Kevin Stitt has issued an executive order that permits state employees to work as substitute teachers. Shaily Baranwal, founder and CEO of Elevate K-12, joins Cheddar News to discuss.
On Thursday, Secretary of State Antony Blinken addressed the stance of the U.S. and its allies should Russia make any forays into Ukraine, a seeming response to President Biden's remarks that should Putin engage in something short of a full invasion, there might be some indecision among allied nations regarding what to do. Ariel Cohen, a senior fellow at the think tank Atlantic Council, joined Cheddar to discuss the difficulty faced by Blinken wrangling unity as tensions run high in the region. "There'll be a smaller incursion, and the president implied, there'll be a weaker response because our European allies have created this horrible situation where they are dependent on Moscow for their gas supply," Cohen explained.
During a nearly two-hour press conference on Wednesday, President Biden spoke on his accomplishments and challenges from the first year of his presidency, and what his administration hopes to accomplish in the coming year. However, his approval ratings are underwater as COVID remains a big concern for voters — as does inflation, noted Tom Bevan, co-founder and president of polling aggregator RealClearPolitics. "The public thinks [inflation] is priority number one, and the administration is concerned about it, they talk about it, but they're not spending enough time on it as far as the public is concerned," said Bevan.
The drama surrounding tennis star Novak Djokovic continues after he was deported from Australia over the weekend due to the nation's COVID-19 vaccine requirements. Djokovic was forced to leave the country on the eve of what was to be his first match in defense of his Australian Open title after three judges ruled in favor of his removal and revealed their reasoning for doing so. Adding to his woes, a law recently passed in France is putting his chances of defending his French Open title in jeopardy. The director of Marist's Center for Sports Communication, Jane McManus, joined Cheddar to discuss the ongoing fallout.
As the midterm elections get ever closer, candidates have been getting creative with their campaigns to stick out and to connect with voters. Gary Chambers, a Democratic candidate for the U.S. Senate from Louisiana, has definitely attracted attention with an advertisement featuring him smoking a blunt, making a point about the inequity of anti-cannabis laws. "We wanted to bring the seriousness of the moment," he said of the ad. "But we also wanted to make sure that people understand that there are 19 states that are legal right now but Black people and brown people are being over-incarcerated in mostly Southern and Midwestern states in America for cannabis possession."
If some members of Congress have their way, there might finally be a 'TLDR' on sites' terms of service, introduced by the terms-of-service labeling, design, and readability act – or TLDR for short. With this act, users will actually understand what they're agreeing to or the many ways in which their data is being used before pressing 'accept.' J.D. sat down with co-sponsor of the bill and Senator Bill Cassidy, to discuss.
President Joe Biden's first year in office is wrapping up. What has he achieved, and what else remains on the table while the Democrats have control of Washington? Amid an ongoing pandemic and rising inflation, Biden's approval rating is at an all-time low and his party is plagued by infighting. Will he be able to continue pushing key parts of his agenda? Paul Glastris, former Bill Clinton speechwriter & Editor-in-chief of 'Washington Monthly,' joins Cheddar News' Closing Bell to discuss the president's achievements in his first year, where he's fallen short, and what he must do in order to get more of his agenda signed into law.
Tech giants Meta, Amazon, Alphabet, and Apple are faced with a bipartisan antitrust legislation effort underway in the Senate Judiciary Committee. The companies stand accused of promoting their own goods and services over smaller competitors on their platforms, holding too much monopolistic power via their app stores and services. Adam Kovacevich, founder and CEO of Chamber of Progress, a technology industry trade group, joined Cheddar to argue that the bills that are being debated currently could end up hurting consumers, rather than helping.
