Morning Joe economic analyst Steve Rattner discusses the continued economic fallout caused by the coronavirus and why he says the country will be in a recession of ‘substantial magnitude’ and why we have to accept the reality of government bailouts. Aired on 03/17/2020.
» Subscribe to MSNBC:
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.
Connect with MSNBC Online
Visit msnbc.com:
Subscribe to MSNBC Newsletter:
Find MSNBC on Facebook:
Follow MSNBC on Twitter:
Follow MSNBC on Instagram:
Steve Rattner: We Will Have To Come To Grips With Bailouts | Morning Joe | MSNBC…(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Steve Rattner is a prominent figure in the world of finance and economics, and his insights into the current state of bailouts are both important and timely. In a recent appearance on Morning Joe on MSNBC, Rattner discussed the ongoing issue of bailouts and the need for the public to come to grips with their necessity.
Rattner, who previously served as the lead advisor to the Presidential Task Force on the Auto Industry, has a wealth of experience in dealing with bailouts and their implications. During his appearance on the show, Rattner emphasized the fact that bailouts are an unfortunate yet necessary tool in times of economic crisis.
One of the key points that Rattner made during his appearance was the need for the public to understand the rationale behind bailouts. He explained that while bailouts are often unpopular and can be seen as unfair, they are ultimately designed to protect the larger economy and prevent catastrophic collapses. Rattner stressed that without bailouts, the effects of economic downturns could be far worse, and the long-term consequences for the average citizen could be devastating.
Furthermore, Rattner highlighted the need for accountability and transparency when it comes to bailouts. He stressed that the use of taxpayer funds to bail out failing companies should come with strict oversight and a clear plan for repayment. Rattner’s experience with the auto industry bailout gives him a unique perspective on this issue and makes his insights particularly valuable.
In addition to his points about the necessity and accountability of bailouts, Rattner also emphasized the need for individuals and businesses to adjust their mindsets in response to economic crises. He suggested that rather than viewing bailouts as a handout, people should see them as a means of stabilizing the overall economy and creating a foundation for future growth.
Rattner’s insights into the issue of bailouts are particularly relevant in the current economic climate, as the COVID-19 pandemic has led to significant financial challenges for many individuals and businesses. As governments across the world grapple with the economic fallout from the pandemic, the issue of bailouts is likely to remain at the forefront of economic discussions.
Ultimately, Steve Rattner’s appearance on Morning Joe provided valuable insights into the issue of bailouts and the need for the public to come to grips with their necessity. His experience and expertise make his perspectives on this issue vital for anyone seeking to understand the complexities of economic policy and the role of bailouts in times of crisis.
These are supply shocks to the economy. I doubt if payroll taxes would help. There's not the issue of demand. Our problem is that we have been having demand led expansion and recessions.
Irresponsible Corporate America, has led to yet another bail out. Now will test how trump's claim about the economy.
Once again the Tax payer is going to bail out private companies-where is the GOP now?
A government should NEVER bailout a company … it should BUYIN to a company. Government during economic downturns should buy up stock at a set level for each industry (market drops 10% in past week) and sell off during economic booms (market rises 10% in past week). It will help the market deal with uncertainty. Trump could just buy in key industries to stop the market crashing and then sell them off again when the market begins to pick up. IE: Government decides what industries it wants to exist in 10 years time and ensures recession is avoided … BUYIN not BAILOUT.
N O T O G O V E R N E M N T B A I L O U T S !
NO! NO BAIL OUTS! Specially airlines! THAT'S THE REASON WE NEED BERNIE SANDERS….. #NOMOREBAILOUTS
THOSE $60B COULD BE WELL SPENT ON SCHOOLS AND HEALTH CARE! Once this pass, because it will…… people start traveling again!
TRUMP FAILED TO REACT TO THE PANDEMIC NOW WE HAVE A CRISIS. ALL DEMOCRATS INDEPENDENTS, AND PROGRESSIVES MUST UNITE AND VOTE AS ONE, TO REMOVE THE MOST DANGEROUS CORRUPT PRESIDENT IN THE HISTORY OF THE UNITED STATES. IF YOU LOVE THIS COUNTRY YOU WILL JOIN WITH US AND WE WILL HAVE THE MOST BEAUTIFUL AMAZING FANTASTIC NEVER SEEN BEFORE LANDSLIDE DEFEAT OF TRUMP.
As long as the big corporations get bailed out! That’s what matters.
We were headed to recession anyway, this health crisis has just supercharged it.
Here in Sweden we have an old proverb that translated goes: Some ones death is some one else bread. Meaning one man's loss is another man's gain. If we don't bail out companies that are vital to the society they might go bankrupt but when the crisis is over there will grow up new companies that will take there place. And those companies will probably be healthier financially then the old once.
I do not think bailing out air plain companies is necessary. They are not important for our survival as a society. It's not like we don't have allot of different apps where we can conference with both audio and video so there is no need to travel for business like it was before internet. And travel for fun is never necessary in any situation.
Shut all motels, hotels for most people, except the homeless. If we fail to care for them, we're all in trouble
all you people out there who complain about food stamps and people on the street who are needy need to look in the mirror at their own faces and see what a lousy person they really are.
Hear that guys? Socialism for the rich & austerity for the poor & working class.
How are we going to PAY for the Bailout??? Answer: You MUST RAISE TAXES on the 1-percent, Reverse the TAX cut of 2017, Eliminate Off-Shore Tax Havens, close Tax Loopholes. Zero Tax increase on the Middle Income and Poor; in fact these 2 income brackets should ALL get $1500+ to stimulate spending. If you give it to the 1-percenter's they'll simply pocket it with little effect on the economy.
We need Bernie
There are two strains of corona virus one for the uber wealthy, and one for everyone else.
We Americans have a grip on it! Cut the checks put the bag in our hand #Yang2020
"US MILITARY’S TRILLION-DOLLAR F-35 FIGHTER JET IS ALMOST UNFLYABLE"
How far would a TRILLION $$$ go for Family Relief? Food, Shelter and Medicine? Paying down the National Debt?
I don’t have a problem with the industry bailouts as long as it’s commensurate with that which is provided to the American people. If industry is going to be made whole, every American should also be made whole. It’s time that trickle down BS is recognized for what it is and we stop relying on the public sector to do the right thing.
Will we bail out the corporations again and fail to act to help the workers.
We should start calling :The Green New Deal", the new WPA. That is what got our economy functioning again in the 1930's. FDR's WPA.
Hi my name is Estella Trevino, I've been going through so much harassment from all kinds of people, and they all mention money money money money. This money that you're talkin about do I have something to do with it? And if I do why are you leaving me behind? I need answers. 956 372 5152.
So socialism works only for the lucky few every time. They are the hard working Americans. Others are not. What a wicked world. When you are dying carry the money to your grave. Don't forget that you came with nothing to this world. You will leaves with nothing. Not everybody will get to the mountain top. No matter how hard they try, they will never get there. Look at your hands, not all the fingers are the same. They will never be, so too humanity. Don't forget the machine of the economy. The people who are always insulted. Without them, this economy is nothing.
Did he really say that we are not set up to distribute money to the people? The IRS does it, SSA does it already, it would only take a minor adjustment on an already existing system to get money to every one is the U.S.
Ah, socialism for the rich. Rugged individualism for the poor.
I wonder how angry people have to get before the torches and pitchforks come out to play.
How come no one is saying we can't afford it or asking where the money will come from? #med4all
Really bailouts, this is not capitalism this is socialism. When will they allow capitalism to work? If you are okay with bailouts then you should understand that healthcare for all should be …
The American people need a Medicare for all bailout.
An economic stimulus as a response to a pandemic makes middle age responses to plagues look rational in comparison.
Next thing we iniw, they'll be all the killing dogs & cats because it worked so well in London.