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Coronavirus $2 trillion package could have an even higher cost: Gasparino



FOX Business’ Charlie Gasparino breaks down the recently approved coronavirus stimulus package.

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23 comments

  1. I'm very surprised Gasparino isn't doom and gloom about this. I'll give him credit for that at least. Nobody fully understands how the economy works. What makes people so certain FDR's Keynesian policies were unconditionally bad and Libertarian economics policies are unconditionally good? Both have had times they succeeded, and both have failed us at other times. Nobody really knows how we came out of the Great Depression. Back when I was growing up and the Neocons were on the rise, everyone including all our school teachers was saying it was the war boom. Then in the 0bama years they were saying it was Keynesian "priming the pump." Then the Libertarians said government interventionism lengthened the Depression. Then the Socialists erroneously concluded the New Deal was purely Socialist and they laid claim to saving the economy. Then after 2016 the Republicans claimed we got out of the Depression with a wave of deregulation. Of course everyone seems to forget nobody was sure how to get us out of the Great Depression at the time, so everyone kept throwing different policies at it hoping something would work, and perhaps it was really a combination of elements. And you can't forget there was also altruism from the war effort, and perhaps we have that element supplied now with us banding together to fight the virus. I can't say that I know anything either. We maybe know bits and pieces, like we can say from experience that certain techniques cannot work under certain circumstances but they can under others. But I think nobody is every fully knowledgeable about the whole at all times. At the very least I'm curious to see what happens as that can give us more information that might give us a better understanding. I am very hopeful.

  2. Crony capitalism
    Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

  3. Socialism for the rich, and rugged individualism for the poor.

  4. Let's make it revenue neutral in order to avoid the pain that "Printing 2 Trillion" will cause.

  5. oops… I almost watched that Cavuto guy… he fuckin sucks

  6. Trump 2020 🇺🇸🦅🇺🇸👍

  7. Charlie who? "I haven't read it…"

  8. AMERICANS THINK THEIR HURTING NOW ??? WAIT TILL THEY SEE WHAT THE REPUBLICANS LET THE COMMIE DEMOCRATS PUT IN THIS BILL…
    BEND OVER AMERICA… YOUR GETTING SCREWED BIG-TIME….

  9. BRILLIANT PRESIDENT WITH HIS BUSINESSMAN INTELLIGENCE & FORWARD THINKING INTINCT MADE AMERICA GREAT VIBRANT COUNTRY AGAIN. MAY BE THE LEFT REPORTERS ARE ALLEGEDLY LOOKING FOR SENSATIONAL REALTY SHOW REPORTING WITH SOUND BITES POTENTIALLY FITS THEIR DAILY NARRATIVES FAVORING DEMS. I THINK WORLD SHOULD CLAM DOWN ON CHINA'S CCP.

  10. The repercussions of this double crisis, are yet obscured. The virus will not be confined to NY,
    Deaths will rise.
    The dollar will weaken on the huge sea of debt. Politicians will muddy the water, in blame.
    Interesting times..

  11. They will now start a war to steal whatever it takes to make up the short fall… it's coming.. higher taxes and war…

  12. No bail out it’s time for a reset Get rid of the politicians in bankers

  13. Government, get out of our way and we the people will get this economy in gear!

  14. Show the people what's in the BILL!!!🇺🇸🤔

  15. Maybe the central banks can forgive all the debt related to this virus since there money is just fiat currency.

  16. Congress knows china will pay for the stimulus once america sues and wins 100trillion dollars. Then congress should do the right thing and allocate half of the settlement to the american citizens who got financially affected by this national shutdown due to wuhan-virus…but not likely to share.

  17. Employees, and Small Business drive Everything, including wallstreeters.
    and we didn't cash in as American Pharma Jobs all moved to an enemy, unregulated country.

  18. Wonder if Flu epidemic in 1918-19 did government compensate. Any other epidemic in history .

  19. This bailout will have a higher cost. A few trillion dollars and it's the end of America as we know it. Thanks to Trump we have Mad Max ready to take over. Greedy Republicans messed it up again. It's proof positive.

  20. Dont matter to me the package made millions of Americans made and trump lost their vote as the people needed the money the most will get nothing he only helping those that filed taxes and poor people alot of people disabled and elderly who dont make enough to file taxes and told not to know will get nothing .shame on you TRUMP

  21. 2 trillions? I'll take it please. I am an atheist I'm watching from Alaska

  22. The real cost is going to be destruction of public support for capitalism, at least in the crony form we have post Citizens United, when workers get screwed but shareholders feed at trough of this Porkulus.

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