1 00:00:04,975 --> 00:00:13,083 [MUSIC] 2 00:00:13,083 --> 00:00:15,285 [MUSIC] >> Bill: GOOD MORNING, FROM 3 00:00:15,285 --> 00:00:18,455 >> Bill: GOOD MORNING, FROM WKYT NEWS, I AM BILL BRYANT. 4 00:00:18,455 --> 00:00:19,556 WKYT NEWS, I AM BILL BRYANT. WE WELCOME YOU TO "KENTUCKY 5 00:00:19,556 --> 00:00:19,956 WE WELCOME YOU TO "KENTUCKY NEWSMAKERS". 6 00:00:19,956 --> 00:00:24,994 NEWSMAKERS". LATER BY SOME COPING WITH TOUGH 7 00:00:24,995 --> 00:00:25,829 LATER BY SOME COPING WITH TOUGH CIRCUMSTANCES WITH COVID-19 8 00:00:25,829 --> 00:00:29,800 CIRCUMSTANCES WITH COVID-19 CONCERNS AROUND EVERY CORNER. 9 00:00:29,799 --> 00:00:31,668 CONCERNS AROUND EVERY CORNER. EK YOU, PROFESSOR AND 10 00:00:31,668 --> 00:00:36,139 EK YOU, PROFESSOR AND PSYCHOLOGIST WILL JOIN US 11 00:00:36,139 --> 00:00:36,439 PSYCHOLOGIST WILL JOIN US LATER. 12 00:00:36,439 --> 00:00:37,206 LATER. FIRST, AFTER HAGGLING, 13 00:00:37,207 --> 00:00:38,275 FIRST, AFTER HAGGLING, WASHINGTON WORKED QUICKLY TO 14 00:00:38,275 --> 00:00:43,547 WASHINGTON WORKED QUICKLY TO PUT A DEAL TOGETHER THIS WEEK 15 00:00:43,547 --> 00:00:44,515 PUT A DEAL TOGETHER THIS WEEK TO PUT $2 TRILLION INTO THE 16 00:00:44,514 --> 00:00:45,348 TO PUT $2 TRILLION INTO THE ECONOMY TO JUMPSTART THINGS. 17 00:00:45,348 --> 00:00:47,016 ECONOMY TO JUMPSTART THINGS. A FEW WEEKS AGO, WONDERING IF 18 00:00:47,017 --> 00:00:48,385 A FEW WEEKS AGO, WONDERING IF DIVIDED COUNTRY COME TOGETHER 19 00:00:48,385 --> 00:00:53,423 DIVIDED COUNTRY COME TOGETHER OVER EVERYTHING, CIRCUMSTANCES 20 00:00:53,423 --> 00:00:54,257 OVER EVERYTHING, CIRCUMSTANCES FORCE IT TO HAPPEN. 21 00:00:54,257 --> 00:01:02,332 FORCE IT TO HAPPEN. BIGGEST ECONOMIC STIMULUS 22 00:01:02,332 --> 00:01:02,666 BIGGEST ECONOMIC STIMULUS PACKAGE. 23 00:01:02,666 --> 00:01:03,367 PACKAGE. DESIGNED TO HELP BUSINESSES 24 00:01:03,366 --> 00:01:04,300 DESIGNED TO HELP BUSINESSES LARGE, SMALL, HOSPITALS AND 25 00:01:04,301 --> 00:01:05,068 LARGE, SMALL, HOSPITALS AND OTHERS TO GET CHECKS IN THE 26 00:01:05,068 --> 00:01:05,902 OTHERS TO GET CHECKS IN THE HANDS OF MOST AMERICANS QUICKLY 27 00:01:05,902 --> 00:01:10,573 HANDS OF MOST AMERICANS QUICKLY TO MEET IMMEDIATE EXPENSES. 28 00:01:10,574 --> 00:01:11,508 TO MEET IMMEDIATE EXPENSES. CONGRESSMAN JOINING US FIRST, 29 00:01:11,508 --> 00:01:12,275 CONGRESSMAN JOINING US FIRST, APPEARING REMOTELY FROM ANOTHER 30 00:01:12,275 --> 00:01:13,743 APPEARING REMOTELY FROM ANOTHER LEXINGTON STUDIO, WE CONTINUE 31 00:01:13,743 --> 00:01:22,018 LEXINGTON STUDIO, WE CONTINUE TO HAVE SOCIAL DISTANCING. 32 00:01:22,018 --> 00:01:22,886 TO HAVE SOCIAL DISTANCING. TALK ABOUT THE STIMULUS AND 33 00:01:22,886 --> 00:01:24,354 TALK ABOUT THE STIMULUS AND WHAT IT IS DESIGNED TO DO, 34 00:01:24,354 --> 00:01:25,021 WHAT IT IS DESIGNED TO DO, CONGRESS MAY, THANK YOU FOR 35 00:01:25,021 --> 00:01:25,688 CONGRESS MAY, THANK YOU FOR BEING WITH US. 36 00:01:25,689 --> 00:01:28,358 BEING WITH US. GOOD MORNING, BILL. 37 00:01:28,358 --> 00:01:29,192 GOOD MORNING, BILL. >> Bill: YOU ARE GETTING CALLS 38 00:01:29,192 --> 00:01:32,829 >> Bill: YOU ARE GETTING CALLS FROM BUSINESSES, THOSE LAID 39 00:01:32,829 --> 00:01:37,233 FROM BUSINESSES, THOSE LAID OFF, WHAT IN A NUTSHELL DOES 40 00:01:37,233 --> 00:01:37,934 OFF, WHAT IN A NUTSHELL DOES HIS MASSIVE PIECE OF 41 00:01:37,934 --> 00:01:39,335 HIS MASSIVE PIECE OF LEGISLATION DO? 42 00:01:39,336 --> 00:01:43,774 LEGISLATION DO? >> Guest: AS YOU SAID, LARGEST, 43 00:01:43,773 --> 00:01:49,879 >> Guest: AS YOU SAID, LARGEST, MOST AGGRESSIVE FISCAL STIMULUS 44 00:01:49,879 --> 00:01:52,548 MOST AGGRESSIVE FISCAL STIMULUS IN U.S. HISTORY, THIRD RY, 45 00:01:52,549 --> 00:02:01,725 IN U.S. HISTORY, THIRD RY, THIRD PHASE OF FEDERAL RESPONSE 46 00:02:01,725 --> 00:02:02,392 THIRD PHASE OF FEDERAL RESPONSE TO PUBLIC EMERGENCY. 47 00:02:02,392 --> 00:02:03,426 TO PUBLIC EMERGENCY. FIRST PHASE, EMERGENCY 48 00:02:03,426 --> 00:02:04,093 FIRST PHASE, EMERGENCY SUPPLEMENTAL BILL ABOUT $1 49 00:02:04,094 --> 00:02:05,662 SUPPLEMENTAL BILL ABOUT $1 BILLION PROVIDED FUNDING FOR 50 00:02:05,662 --> 00:02:06,463 BILLION PROVIDED FUNDING FOR CENTERS FOR DISEASE CONTROL, 51 00:02:06,463 --> 00:02:07,230 CENTERS FOR DISEASE CONTROL, NATIONAL INSTITUTES OF HEALTH, 52 00:02:07,230 --> 00:02:10,600 NATIONAL INSTITUTES OF HEALTH, AND OTHER HEALTHCARE AGENCIES 53 00:02:10,600 --> 00:02:14,270 AND OTHER HEALTHCARE AGENCIES THAT HELP AND HUMAN AGENCIES 54 00:02:14,270 --> 00:02:15,037 THAT HELP AND HUMAN AGENCIES DEPARTMENT TO PROVIDE FUNDING 55 00:02:15,038 --> 00:02:18,742 DEPARTMENT TO PROVIDE FUNDING FOR DIAGNOSTIC TESTING 56 00:02:18,742 --> 00:02:20,010 FOR DIAGNOSTIC TESTING DEVELOPMENT, ANTIVIRAL 57 00:02:20,010 --> 00:02:20,744 DEVELOPMENT, ANTIVIRAL TREATMENTS, AND ALSO VACCINE 58 00:02:20,744 --> 00:02:21,144 TREATMENTS, AND ALSO VACCINE DEVELOPMENT. 59 00:02:21,144 --> 00:02:27,851 DEVELOPMENT. WE MET WITH CHIEF MEDICAL 60 00:02:27,851 --> 00:02:29,119 WE MET WITH CHIEF MEDICAL OFFICERS OF PHARMACEUTICAL 61 00:02:29,119 --> 00:02:29,853 OFFICERS OF PHARMACEUTICAL COMPANIES, THEY PUT A LOT OF 62 00:02:29,853 --> 00:02:30,587 COMPANIES, THEY PUT A LOT OF MUSCLE AND BRAIN POWER BEHIND 63 00:02:30,587 --> 00:02:32,656 MUSCLE AND BRAIN POWER BEHIND EFFORT TO FIND TREATMENTS IN 64 00:02:32,656 --> 00:02:33,056 EFFORT TO FIND TREATMENTS IN THE VACCINE. 65 00:02:33,056 --> 00:02:35,058 THE VACCINE. THE SOONER WE GET THAT DONE, 66 00:02:35,058 --> 00:02:35,926 THE SOONER WE GET THAT DONE, BETTER FOR OUR ECONOMY AND 67 00:02:35,925 --> 00:02:36,592 BETTER FOR OUR ECONOMY AND RECOVERY IS A COUNTRY. 68 00:02:36,593 --> 00:02:39,663 RECOVERY IS A COUNTRY. THE SECOND PHASE, WAS A PACKAGE 69 00:02:39,663 --> 00:02:45,068 THE SECOND PHASE, WAS A PACKAGE FOR FAMILIES TO PROVIDE FREE 70 00:02:45,068 --> 00:02:48,505 FOR FAMILIES TO PROVIDE FREE TESTING TO EVERY AMERICAN, IN 71 00:02:48,505 --> 00:02:49,139 TESTING TO EVERY AMERICAN, IN ADDITION PAID LEAVE SICK 72 00:02:49,139 --> 00:02:52,376 ADDITION PAID LEAVE SICK LEAVE, MEDICAL LEAVE, FAMILY 73 00:02:52,375 --> 00:02:52,675 LEAVE, MEDICAL LEAVE, FAMILY LEAVE. 74 00:02:52,676 --> 00:02:56,246 LEAVE. MANY KIDS OUT OF SCHOOL. 75 00:02:56,246 --> 00:02:57,414 MANY KIDS OUT OF SCHOOL. THIS LEGISLATION RESPONDED TO 76 00:02:57,414 --> 00:02:57,714 THIS LEGISLATION RESPONDED TO THAT. 77 00:02:57,714 --> 00:03:00,884 THAT. ALSO PROVIDED MORE FUNDING TO 78 00:03:00,884 --> 00:03:01,818 ALSO PROVIDED MORE FUNDING TO UNEMPLOYMENT INSURANCE AND 79 00:03:01,818 --> 00:03:05,388 UNEMPLOYMENT INSURANCE AND SAFETY NET PROGRAMS LIKE THE 80 00:03:05,388 --> 00:03:07,090 SAFETY NET PROGRAMS LIKE THE PROGRAM FOR FOOD BANKS, WE 81 00:03:07,090 --> 00:03:10,660 PROGRAM FOR FOOD BANKS, WE SOUGHT LATE LAST WEEK 3.3 82 00:03:10,660 --> 00:03:12,462 SOUGHT LATE LAST WEEK 3.3 MILLION NEW UNEMPLOYMENT CLAIMS 83 00:03:12,462 --> 00:03:17,133 MILLION NEW UNEMPLOYMENT CLAIMS AS A RESULT OF THIS ECONOMIC 84 00:03:17,133 --> 00:03:17,500 AS A RESULT OF THIS ECONOMIC SHUTDOWN. 85 00:03:17,500 --> 00:03:20,303 SHUTDOWN. THE THIRD PHASE IS HEROIC 86 00:03:20,303 --> 00:03:23,173 THE THIRD PHASE IS HEROIC FISCAL STIMULUS OF $2 TRILLION 87 00:03:23,173 --> 00:03:24,274 FISCAL STIMULUS OF $2 TRILLION TO SUPPLEMENT EXTRAORDINARY 88 00:03:24,274 --> 00:03:26,710 TO SUPPLEMENT EXTRAORDINARY MOST BY FEDERAL RESERVE TO 89 00:03:26,710 --> 00:03:32,249 MOST BY FEDERAL RESERVE TO STABILIZE OUR ECONOMY. 90 00:03:32,248 --> 00:03:33,249 STABILIZE OUR ECONOMY. AS WE HAVE TALKED TO THE 91 00:03:33,249 --> 00:03:33,916 AS WE HAVE TALKED TO THE TREASURY SECRETARY AND MY 92 00:03:33,917 --> 00:03:36,753 TREASURY SECRETARY AND MY COLLEAGUES ON HOUSE FINANCIAL 93 00:03:36,753 --> 00:03:37,754 COLLEAGUES ON HOUSE FINANCIAL SERVICES, BANKS, SMALL BUSINESS 94 00:03:37,754 --> 00:03:40,890 SERVICES, BANKS, SMALL BUSINESS OWNERS THROUGHOUT CENTRAL 95 00:03:40,890 --> 00:03:41,958 OWNERS THROUGHOUT CENTRAL KENTUCKY AND COUNTRY, TALK TO 96 00:03:41,958 --> 00:03:42,592 KENTUCKY AND COUNTRY, TALK TO TOP OFFICIALS OF FEDERAL 97 00:03:42,592 --> 00:03:46,129 TOP OFFICIALS OF FEDERAL RESERVE BOARD, WHAT THEY’VE 98 00:03:46,129 --> 00:03:46,863 RESERVE BOARD, WHAT THEY’VE STRESSED TO US, NOT A RECESSION 99 00:03:46,863 --> 00:03:48,932 STRESSED TO US, NOT A RECESSION IN TRADITIONAL SENSORY 100 00:03:48,932 --> 00:03:53,403 IN TRADITIONAL SENSORY DEFINITION OF THAT TERM. 101 00:03:53,403 --> 00:03:54,371 DEFINITION OF THAT TERM. RECESSION IS BUSINESS CYCLE 102 00:03:54,370 --> 00:03:54,770 RECESSION IS BUSINESS CYCLE PHENOMENON. 103 00:03:54,771 --> 00:03:59,142 PHENOMENON. THIS IS INTENTIONAL SHUTDOWN OF 104 00:03:59,142 --> 00:03:59,876 THIS IS INTENTIONAL SHUTDOWN OF U.S. ECONOMY BY THE GOVERNMENT. 105 00:03:59,876 --> 00:04:01,945 U.S. ECONOMY BY THE GOVERNMENT. IN ORDER TO RESPOND TO DYER 106 00:04:01,945 --> 00:04:07,818 IN ORDER TO RESPOND TO DYER PUBLIC HEALTH EMERGENCY. 107 00:04:07,817 --> 00:04:08,484 PUBLIC HEALTH EMERGENCY. OBVIOUSLY, RELYING ON THE 108 00:04:08,485 --> 00:04:09,686 OBVIOUSLY, RELYING ON THE ADVICE OF EPIDEMIOLOGISTS, 109 00:04:09,686 --> 00:04:18,495 ADVICE OF EPIDEMIOLOGISTS, EXPERT AT NATIONAL INSTITUTE OF 110 00:04:18,495 --> 00:04:19,763 EXPERT AT NATIONAL INSTITUTE OF HEALTH, THE DOCTOR SAID 111 00:04:19,763 --> 00:04:20,497 HEALTH, THE DOCTOR SAID HANDEDNESS GIVING ADVICE ABOUT 112 00:04:20,497 --> 00:04:21,164 HANDEDNESS GIVING ADVICE ABOUT SOCIAL DISTANCING, FEDERAL 113 00:04:21,164 --> 00:04:22,032 SOCIAL DISTANCING, FEDERAL GUIDELINES, ABOUT HOW WE CAN 114 00:04:22,031 --> 00:04:22,632 GUIDELINES, ABOUT HOW WE CAN GET THROUGH THIS ABOUT 115 00:04:22,632 --> 00:04:24,367 GET THROUGH THIS ABOUT OVERWHELMING HEALTHCARE SYSTEM. 116 00:04:24,367 --> 00:04:25,835 OVERWHELMING HEALTHCARE SYSTEM. A LOT OF DETAILS TO $2 TRILLION 117 00:04:25,835 --> 00:04:28,304 A LOT OF DETAILS TO $2 TRILLION PACKAGE, BUT THAT IS THIRD 118 00:04:28,304 --> 00:04:32,208 PACKAGE, BUT THAT IS THIRD PHASE 2 SUPPLEMENT WHAT FEDERAL 119 00:04:32,208 --> 00:04:32,709 PHASE 2 SUPPLEMENT WHAT FEDERAL RESERVE IS DONE. 120 00:04:32,709 --> 00:04:34,277 RESERVE IS DONE. >> Bill: CURIOUS, LESTER 121 00:04:34,277 --> 00:04:36,212 >> Bill: CURIOUS, LESTER ROMINES OF SO MANY, WHO WILL 122 00:04:36,212 --> 00:04:38,448 ROMINES OF SO MANY, WHO WILL GET OUR DIRECT CHECK FROM THE 123 00:04:38,448 --> 00:04:42,852 GET OUR DIRECT CHECK FROM THE GOVERNMENT TO HELP THEM GET BY 124 00:04:42,852 --> 00:04:43,653 GOVERNMENT TO HELP THEM GET BY IN TOUGH WEEKS AHEAD? 125 00:04:43,653 --> 00:04:46,990 IN TOUGH WEEKS AHEAD? >> Guest: THREE MAJOR PARTS TO 126 00:04:46,990 --> 00:04:51,528 >> Guest: THREE MAJOR PARTS TO THE $2 TRILLION FISCAL STIMULUS 127 00:04:51,528 --> 00:04:58,502 THE $2 TRILLION FISCAL STIMULUS BILL, FIRST FOR INDIVIDUALS AND 128 00:04:58,501 --> 00:04:58,868 BILL, FIRST FOR INDIVIDUALS AND FAMILIES. 129 00:04:58,868 --> 00:04:59,569 FAMILIES. THE SECOND IS FOR BUSINESSES, 130 00:04:59,569 --> 00:05:00,437 THE SECOND IS FOR BUSINESSES, BOTH SMALL, MEDIUM AND LARGE 131 00:05:00,436 --> 00:05:02,438 BOTH SMALL, MEDIUM AND LARGE SIZED BUSINESS. 132 00:05:02,438 --> 00:05:03,306 SIZED BUSINESS. FINALLY, HELP FOR HEALTHCARE 133 00:05:03,306 --> 00:05:04,274 FINALLY, HELP FOR HEALTHCARE SYSTEM, APPROPRIATIONS FOR 134 00:05:04,274 --> 00:05:06,643 SYSTEM, APPROPRIATIONS FOR HOSPITALS, FRONTLINE MEDICAL 135 00:05:06,643 --> 00:05:11,481 HOSPITALS, FRONTLINE MEDICAL WORKERS DOING INCREDIBLE, 136 00:05:11,481 --> 00:05:12,415 WORKERS DOING INCREDIBLE, AEROBIC WORK PUTTING THEIR 137 00:05:12,415 --> 00:05:13,149 AEROBIC WORK PUTTING THEIR HEALTH AND FAMILIES HELP ON THE 138 00:05:13,149 --> 00:05:13,983 HEALTH AND FAMILIES HELP ON THE LINE TO RESPOND TO PATIENTS WHO 139 00:05:13,983 --> 00:05:20,022 LINE TO RESPOND TO PATIENTS WHO ARE SICK OR AT RISK OF 140 00:05:20,023 --> 00:05:20,957 ARE SICK OR AT RISK OF CONTRACTING POTENT PATHOGEN. 141 00:05:20,957 --> 00:05:25,128 CONTRACTING POTENT PATHOGEN. THIS FIRST PART, DIRECT 142 00:05:25,128 --> 00:05:26,196 THIS FIRST PART, DIRECT PAYMENTS TO INDIVIDUALS WHO 143 00:05:26,196 --> 00:05:27,064 PAYMENTS TO INDIVIDUALS WHO MAKE LESS THAN $75,000 A YEAR, 144 00:05:27,063 --> 00:05:30,533 MAKE LESS THAN $75,000 A YEAR, THAT APPLIES TO PEOPLE WHO ARE 145 00:05:30,533 --> 00:05:31,067 THAT APPLIES TO PEOPLE WHO ARE WORKING RIGHT NOW. 146 00:05:31,067 --> 00:05:32,902 WORKING RIGHT NOW. ALSO RETIREES AS WELL. 147 00:05:32,902 --> 00:05:36,672 ALSO RETIREES AS WELL. THE CONDITIONS ARE, YOU HAVE A 148 00:05:36,673 --> 00:05:37,841 THE CONDITIONS ARE, YOU HAVE A SOCIAL SECURITY NUMBER, A LEGAL 149 00:05:37,841 --> 00:05:43,947 SOCIAL SECURITY NUMBER, A LEGAL RESIDENT, CITIZEN OF UNITED 150 00:05:43,947 --> 00:05:44,481 RESIDENT, CITIZEN OF UNITED STATES, OBVIOUSLY. 151 00:05:44,480 --> 00:05:49,051 STATES, OBVIOUSLY. MAKE LESS THAN $75,000 A YEAR. 152 00:05:49,052 --> 00:05:49,953 MAKE LESS THAN $75,000 A YEAR. IF YOU MEET THAT CRITERIA, YOU 153 00:05:49,953 --> 00:05:53,990 IF YOU MEET THAT CRITERIA, YOU WILL GET A CHECK FOR $1200, 154 00:05:53,990 --> 00:05:54,724 WILL GET A CHECK FOR $1200, DIRECT DEPOSIT FROM TREASURY TO 155 00:05:54,724 --> 00:05:59,562 DIRECT DEPOSIT FROM TREASURY TO YOUR BANK ACCOUNT FROM IRS 156 00:05:59,562 --> 00:05:59,896 YOUR BANK ACCOUNT FROM IRS SYSTEM. 157 00:05:59,896 --> 00:06:00,830 SYSTEM. UP TO $250,000, 500 ADDITIONAL 158 00:06:00,830 --> 00:06:04,367 UP TO $250,000, 500 ADDITIONAL FOR EACH ADDITIONAL. 159 00:06:04,367 --> 00:06:05,668 FOR EACH ADDITIONAL. GOES UP EVEN FURTHER AND PHASES 160 00:06:05,668 --> 00:06:09,238 GOES UP EVEN FURTHER AND PHASES OUT IT INCOME LEVELS OF $99,000 161 00:06:09,239 --> 00:06:18,615 OUT IT INCOME LEVELS OF $99,000 FOR DIVISIONS, $198,000 PER 162 00:06:18,615 --> 00:06:18,949 FOR DIVISIONS, $198,000 PER COUPLE. 163 00:06:18,948 --> 00:06:20,082 COUPLE. A DRAMATIC STEP UP IN 164 00:06:20,083 --> 00:06:21,251 A DRAMATIC STEP UP IN UNEMPLOYMENT INSURANCE FOR 165 00:06:21,251 --> 00:06:21,618 UNEMPLOYMENT INSURANCE FOR AMERICANS. 166 00:06:21,618 --> 00:06:22,419 AMERICANS. WE KNOW SO MANY AMERICANS LOST 167 00:06:22,418 --> 00:06:23,152 WE KNOW SO MANY AMERICANS LOST JOBS AND HAVE BEEN LAID OFF 168 00:06:23,152 --> 00:06:24,086 JOBS AND HAVE BEEN LAID OFF BECAUSE OF THE SHUTDOWN OF THE 169 00:06:24,087 --> 00:06:29,726 BECAUSE OF THE SHUTDOWN OF THE ECONOMY. 170 00:06:29,726 --> 00:06:30,393 ECONOMY. THIS LEGISLATION, NOT ONLY 171 00:06:30,393 --> 00:06:31,394 THIS LEGISLATION, NOT ONLY EXTENDS UNEMPLOYMENT INSURANCE 172 00:06:31,394 --> 00:06:32,528 EXTENDS UNEMPLOYMENT INSURANCE FOR 13 WEEKS, BUT THE FIRST 173 00:06:32,528 --> 00:06:34,864 FOR 13 WEEKS, BUT THE FIRST FOUR MONTHS PROVIDES ADDITIONAL 174 00:06:34,864 --> 00:06:39,035 FOUR MONTHS PROVIDES ADDITIONAL $600 PER WEEK FOR UNEMPLOYED 175 00:06:39,035 --> 00:06:44,941 $600 PER WEEK FOR UNEMPLOYED INDIVIDUALS WHO GET AN 176 00:06:44,941 --> 00:06:45,542 INDIVIDUALS WHO GET AN APPOINTMENT INSURANCE. 177 00:06:45,541 --> 00:06:46,809 APPOINTMENT INSURANCE. >> Bill: FOR INDIVIDUALS AS 178 00:06:46,809 --> 00:06:47,543 >> Bill: FOR INDIVIDUALS AS WELL, THAT WOULD ALLOW, ONE OF 179 00:06:47,543 --> 00:06:49,245 WELL, THAT WOULD ALLOW, ONE OF THEM ALLOWING INDIVIDUALS 180 00:06:49,245 --> 00:06:50,780 THEM ALLOWING INDIVIDUALS PENALTY FREE WITHDRAWAL MONEY 181 00:06:50,780 --> 00:06:54,851 PENALTY FREE WITHDRAWAL MONEY UP TO $100,000 FROM RETIREMENT 182 00:06:54,851 --> 00:06:55,985 UP TO $100,000 FROM RETIREMENT ACCOUNT, THEN WE CONTRIBUTE 183 00:06:55,985 --> 00:06:56,819 ACCOUNT, THEN WE CONTRIBUTE THAT WITHOUT APPARENTLY OVER 184 00:06:56,819 --> 00:07:01,223 THAT WITHOUT APPARENTLY OVER THE NEXT THREE YEARS. 185 00:07:01,224 --> 00:07:04,094 THE NEXT THREE YEARS. PAY ONLY TAXES, NOT PENALTY FOR 186 00:07:04,093 --> 00:07:04,594 PAY ONLY TAXES, NOT PENALTY FOR EARLY WITHDRAWAL. 187 00:07:04,594 --> 00:07:07,964 EARLY WITHDRAWAL. >> Bill: WE CONTRIBUTE FOR 188 00:07:07,964 --> 00:07:12,969 >> Bill: WE CONTRIBUTE FOR EMERGENCY CASH. 189 00:07:12,969 --> 00:07:14,003 EMERGENCY CASH. CASH FLOW FOR WORKERS AND 190 00:07:14,003 --> 00:07:14,403 CASH FLOW FOR WORKERS AND BUSINESSES. 191 00:07:14,404 --> 00:07:18,108 BUSINESSES. WHAT WE WANT TO DO IS GET THE 192 00:07:18,107 --> 00:07:18,874 WHAT WE WANT TO DO IS GET THE CASH INTO THE HANDS OF 193 00:07:18,875 --> 00:07:19,876 CASH INTO THE HANDS OF HOUSEHOLD, THEY COULD PAY 194 00:07:19,876 --> 00:07:21,478 HOUSEHOLD, THEY COULD PAY MORTGAGES, PAY THEIR BILLS, BUY 195 00:07:21,477 --> 00:07:30,486 MORTGAGES, PAY THEIR BILLS, BUY GROCERIES AND PUT FOOD ON 196 00:07:30,486 --> 00:07:31,587 GROCERIES AND PUT FOOD ON TABLE WHEN MANY AMERICANS ARE 197 00:07:31,587 --> 00:07:32,288 TABLE WHEN MANY AMERICANS ARE SIDELINED FROM WORK AND NOT 198 00:07:32,288 --> 00:07:33,189 SIDELINED FROM WORK AND NOT ABLE TO TAKE CARE OF THEMSELVES 199 00:07:33,189 --> 00:07:34,590 ABLE TO TAKE CARE OF THEMSELVES AND FAMILY. 200 00:07:34,590 --> 00:07:35,891 AND FAMILY. NOT BECAUSE OF FAULT OF THEIR 201 00:07:35,892 --> 00:07:36,593 NOT BECAUSE OF FAULT OF THEIR OWN, BUT BECAUSE GOVERNMENT 202 00:07:36,592 --> 00:07:37,293 OWN, BUT BECAUSE GOVERNMENT TOLD AMERICANS NOT TO GO TO 203 00:07:37,293 --> 00:07:37,994 TOLD AMERICANS NOT TO GO TO WORK AND PRACTICE SOCIAL 204 00:07:37,994 --> 00:07:38,394 WORK AND PRACTICE SOCIAL DISTANCING. 205 00:07:38,394 --> 00:07:42,164 DISTANCING. IT ALSO SO IMPORTANT WE FOCUS 206 00:07:42,165 --> 00:07:43,900 IT ALSO SO IMPORTANT WE FOCUS ON SECOND PART OF THIS BILL, 207 00:07:43,900 --> 00:07:44,501 ON SECOND PART OF THIS BILL, WHICH IS THE BILL FOR 208 00:07:44,500 --> 00:07:44,900 WHICH IS THE BILL FOR BUSINESSES. 209 00:07:44,901 --> 00:07:45,635 BUSINESSES. WE WANT PEOPLE COME AFTER WE 210 00:07:45,635 --> 00:07:50,106 WE WANT PEOPLE COME AFTER WE GET THROUGH THIS, WE GET TO THE 211 00:07:50,106 --> 00:07:50,807 GET THROUGH THIS, WE GET TO THE PANDEMIC, WE WANT JOBS FOR 212 00:07:50,807 --> 00:07:52,709 PANDEMIC, WE WANT JOBS FOR PEOPLE TO RETURN TO. 213 00:07:52,709 --> 00:07:55,679 PEOPLE TO RETURN TO. THAT IS WHY WE’VE GOT HUGE 214 00:07:55,678 --> 00:07:58,247 THAT IS WHY WE’VE GOT HUGE INCENTIVES, EVEN IF BUSINESS 215 00:07:58,247 --> 00:07:59,181 INCENTIVES, EVEN IF BUSINESS SHUT DOWN DURING THIS TIME. 216 00:07:59,182 --> 00:08:04,220 SHUT DOWN DURING THIS TIME. A REAL HEROIC $350 BILLION 217 00:08:04,220 --> 00:08:05,521 A REAL HEROIC $350 BILLION GUARANTEED LOAN PROGRAM CALLED 218 00:08:05,521 --> 00:08:08,624 GUARANTEED LOAN PROGRAM CALLED PAYCHECK PROTECTION PROGRAM. 219 00:08:08,624 --> 00:08:15,397 PAYCHECK PROTECTION PROGRAM. IT SYNTHESIZES SMALL BUSINESSES 220 00:08:15,398 --> 00:08:16,165 IT SYNTHESIZES SMALL BUSINESSES TO KEEP DOORS OPEN, EVEN IF NO 221 00:08:16,165 --> 00:08:17,333 TO KEEP DOORS OPEN, EVEN IF NO CUSTOMERS, KEY PEOPLE ON 222 00:08:17,333 --> 00:08:18,201 CUSTOMERS, KEY PEOPLE ON PAYROLL. 223 00:08:18,201 --> 00:08:19,135 PAYROLL. DELEGATED UNDERWRITING TO THE 224 00:08:19,135 --> 00:08:19,802 DELEGATED UNDERWRITING TO THE BANKS AND CREDIT UNIONS SO 225 00:08:19,802 --> 00:08:24,073 BANKS AND CREDIT UNIONS SO THERE WOULD NOT BE GOVERNMENT 226 00:08:24,073 --> 00:08:24,574 THERE WOULD NOT BE GOVERNMENT BUREAUCRACY. 227 00:08:24,574 --> 00:08:28,178 BUREAUCRACY. WITHIN THE WEEK, SMALL BUSINESS 228 00:08:28,177 --> 00:08:28,844 WITHIN THE WEEK, SMALL BUSINESS OWNERS, EMPLOYEES WITH LESS 229 00:08:28,845 --> 00:08:29,646 OWNERS, EMPLOYEES WITH LESS THAN 500 EMPLOYEES, GO TO THE 230 00:08:29,645 --> 00:08:32,181 THAN 500 EMPLOYEES, GO TO THE LOCAL BANK. 231 00:08:32,181 --> 00:08:32,915 LOCAL BANK. EXPANDED NUMBER OF BANKS, ANY 232 00:08:32,915 --> 00:08:36,952 EXPANDED NUMBER OF BANKS, ANY FDI INSURED, TREASURY CAN 233 00:08:36,953 --> 00:08:41,391 FDI INSURED, TREASURY CAN AUTHORIZE OTHERS AS WELL TO 234 00:08:41,391 --> 00:08:42,325 AUTHORIZE OTHERS AS WELL TO AUTHORIZE LOANS, LONG 235 00:08:42,325 --> 00:08:43,226 AUTHORIZE LOANS, LONG AMORTIZATION ON THEM. 236 00:08:43,226 --> 00:08:49,232 AMORTIZATION ON THEM. BUSINESSES CAN GET LIQUIDITY 237 00:08:49,232 --> 00:08:50,100 BUSINESSES CAN GET LIQUIDITY AND CASH FLOW TO KEEP DOORS 238 00:08:50,099 --> 00:08:50,666 AND CASH FLOW TO KEEP DOORS OPEN A KEY PAYROLL. 239 00:08:50,666 --> 00:08:51,901 OPEN A KEY PAYROLL. A REAL BENEFIT. 240 00:08:51,901 --> 00:08:54,504 A REAL BENEFIT. >> Bill: YOU ARE SAYING THE 241 00:08:54,504 --> 00:08:55,138 >> Bill: YOU ARE SAYING THE TURNAROUND BE VERY QUICK. 242 00:08:55,138 --> 00:08:55,939 TURNAROUND BE VERY QUICK. BY NEXT WEEK, NOW, YOU ARE 243 00:08:55,938 --> 00:08:58,841 BY NEXT WEEK, NOW, YOU ARE SAYING THESE LOCAL BUSINESSES 244 00:08:58,841 --> 00:09:01,944 SAYING THESE LOCAL BUSINESSES SHOULD BE IN POSITION TO REACH 245 00:09:01,944 --> 00:09:04,280 SHOULD BE IN POSITION TO REACH OUT TO FUNDING INSTITUTIONS? 246 00:09:04,280 --> 00:09:05,148 OUT TO FUNDING INSTITUTIONS? >> Guest: YES, SIR. 247 00:09:05,148 --> 00:09:09,419 >> Guest: YES, SIR. THE REFUNDS FOR INDIVIDUALS, 248 00:09:09,419 --> 00:09:15,392 THE REFUNDS FOR INDIVIDUALS, REBATES FOR INDIVIDUALS THAT 249 00:09:15,391 --> 00:09:16,392 REBATES FOR INDIVIDUALS THAT WILL BE TO HAVE IN THREE WEEKS. 250 00:09:16,392 --> 00:09:17,593 WILL BE TO HAVE IN THREE WEEKS. BUSINESSES WHO NEED TO 251 00:09:17,593 --> 00:09:19,061 BUSINESSES WHO NEED TO IMMEDIATELY PAY BILLS, RENT, 252 00:09:19,062 --> 00:09:19,896 IMMEDIATELY PAY BILLS, RENT, PAYROLL, PAY UTILITY BILLS, WE 253 00:09:19,896 --> 00:09:26,202 PAYROLL, PAY UTILITY BILLS, WE NEED TO MAKE SURE WE DEPLOY 254 00:09:26,202 --> 00:09:27,236 NEED TO MAKE SURE WE DEPLOY CAPITAL IMMEDIATELY. 255 00:09:27,236 --> 00:09:27,970 CAPITAL IMMEDIATELY. ESPECIALLY BEFORE APRIL 1 OR 256 00:09:27,970 --> 00:09:31,607 ESPECIALLY BEFORE APRIL 1 OR MARCH 31 WHEN MANY THE BILLS 257 00:09:31,607 --> 00:09:31,941 MARCH 31 WHEN MANY THE BILLS ARE DUE. 258 00:09:31,941 --> 00:09:32,508 ARE DUE. WHAT WE HAVE DONE IN 259 00:09:32,508 --> 00:09:33,242 WHAT WE HAVE DONE IN LEGISLATION, I WORKED ON THIS 260 00:09:33,242 --> 00:09:37,413 LEGISLATION, I WORKED ON THIS PART OF THE BILL IS TO MAKE 261 00:09:37,413 --> 00:09:38,080 PART OF THE BILL IS TO MAKE SURE WE DELEGATE THIS AND 262 00:09:38,081 --> 00:09:42,652 SURE WE DELEGATE THIS AND EXPEDITE THESE LOANS THROUGH 263 00:09:42,652 --> 00:09:43,520 EXPEDITE THESE LOANS THROUGH THE BANKING SYSTEM, THEIR 264 00:09:43,519 --> 00:09:44,387 THE BANKING SYSTEM, THEIR CREDIT UNIONS INSTEAD OF HAVING 265 00:09:44,387 --> 00:09:45,521 CREDIT UNIONS INSTEAD OF HAVING SMALL BUSINESS ADMINISTRATION 266 00:09:45,521 --> 00:09:47,857 SMALL BUSINESS ADMINISTRATION BE IN CHARGE OF THIS. 267 00:09:47,857 --> 00:09:49,125 BE IN CHARGE OF THIS. THE GOVERNMENT WILL GUARANTEE 268 00:09:49,125 --> 00:09:52,629 THE GOVERNMENT WILL GUARANTEE THESE LOANS, IN FACT, FORGET 269 00:09:52,628 --> 00:09:53,529 THESE LOANS, IN FACT, FORGET LOANS AS LONG AS BUSINESSES 270 00:09:53,529 --> 00:09:58,968 LOANS AS LONG AS BUSINESSES KEEP WORKERS ON THE PAYROLL FOR 271 00:09:58,968 --> 00:09:59,902 KEEP WORKERS ON THE PAYROLL FOR EIGHT CONSECUTIVE WEEKS TO GET 272 00:09:59,902 --> 00:10:04,840 EIGHT CONSECUTIVE WEEKS TO GET THROUGH INTERRUPTION OF 273 00:10:04,841 --> 00:10:05,208 THROUGH INTERRUPTION OF BUSINESS. 274 00:10:05,208 --> 00:10:06,076 BUSINESS. A HUGE INCENTIVE FOR EMPLOYERS 275 00:10:06,075 --> 00:10:07,543 A HUGE INCENTIVE FOR EMPLOYERS TO REHIRE WORKERS LAID OFF, OR 276 00:10:07,543 --> 00:10:08,477 TO REHIRE WORKERS LAID OFF, OR RETAIN WORKERS. 277 00:10:08,478 --> 00:10:09,245 RETAIN WORKERS. IF THEY DO THAT, THEY WILL GET 278 00:10:09,245 --> 00:10:10,179 IF THEY DO THAT, THEY WILL GET REIMBURSED UP TO $10 MILLION OR 279 00:10:10,179 --> 00:10:15,518 REIMBURSED UP TO $10 MILLION OR 2 AND A HALF TIMES THEIR 280 00:10:15,518 --> 00:10:16,219 2 AND A HALF TIMES THEIR PAYROLL IN ORDER TO GET US TO 281 00:10:16,219 --> 00:10:16,653 PAYROLL IN ORDER TO GET US TO OUR PERIOD. 282 00:10:16,652 --> 00:10:22,625 OUR PERIOD. FOR LARGER BUSINESSES, $500 283 00:10:22,625 --> 00:10:23,426 FOR LARGER BUSINESSES, $500 BILLION EXCHANGE STABILIZATION 284 00:10:23,426 --> 00:10:24,260 BILLION EXCHANGE STABILIZATION FUND AND DEPARTMENT OF THE 285 00:10:24,260 --> 00:10:25,194 FUND AND DEPARTMENT OF THE TREASURY THAT WILL BACKSTOP 286 00:10:25,194 --> 00:10:29,699 TREASURY THAT WILL BACKSTOP FEDERAL RESERVE LOANS AND 287 00:10:29,699 --> 00:10:30,700 FEDERAL RESERVE LOANS AND VARIOUS CREDIT FACILITIES TO 288 00:10:30,700 --> 00:10:31,734 VARIOUS CREDIT FACILITIES TO VARIOUS MARKETS THAT IS VITALLY 289 00:10:31,734 --> 00:10:32,101 VARIOUS MARKETS THAT IS VITALLY IMPORTANT. 290 00:10:32,101 --> 00:10:36,172 IMPORTANT. SOME OF CRITICIZED AND CALLED 291 00:10:36,172 --> 00:10:37,106 SOME OF CRITICIZED AND CALLED IT CORPORATE SLUSH FUND, 292 00:10:37,106 --> 00:10:38,207 IT CORPORATE SLUSH FUND, ABSOLUTELY NOT TRUE. 293 00:10:38,207 --> 00:10:38,774 ABSOLUTELY NOT TRUE. THEY’RE NOT BAILOUTS. 294 00:10:38,774 --> 00:10:42,511 THEY’RE NOT BAILOUTS. THERE LOANS. 295 00:10:42,512 --> 00:10:43,513 THERE LOANS. IF YOU THINK ABOUT IT, VITAL TO 296 00:10:43,513 --> 00:10:45,849 IF YOU THINK ABOUT IT, VITAL TO MAINTAIN AND RETAIN WORKERS AND 297 00:10:45,848 --> 00:10:49,485 MAINTAIN AND RETAIN WORKERS AND MINISTRY BUSINESSES TO MAKE 298 00:10:49,485 --> 00:10:50,219 MINISTRY BUSINESSES TO MAKE SURE SUPPLY CHAINS ARE IN TACT 299 00:10:50,219 --> 00:10:52,788 SURE SUPPLY CHAINS ARE IN TACT WHEN WE GET OUT OF THIS. 300 00:10:52,788 --> 00:10:53,622 WHEN WE GET OUT OF THIS. 68 MILLION AMERICANS WORK FOR 301 00:10:53,623 --> 00:10:56,392 68 MILLION AMERICANS WORK FOR LARGE AND PLAYERS. 302 00:10:56,392 --> 00:11:02,131 LARGE AND PLAYERS. THE QUALITY MANAGERS ENTER SOME 303 00:11:02,131 --> 00:11:03,032 THE QUALITY MANAGERS ENTER SOME AND TOYOTA, AUTO MANUFACTURERS 304 00:11:03,032 --> 00:11:03,599 AND TOYOTA, AUTO MANUFACTURERS SHUTDOWN. 305 00:11:03,599 --> 00:11:04,233 SHUTDOWN. AIRLINES, ALSO, AS WELL. 306 00:11:04,233 --> 00:11:05,167 AIRLINES, ALSO, AS WELL. IN THE HOTELS. 307 00:11:05,168 --> 00:11:12,075 IN THE HOTELS. VERY, VERY IMPORTANT IN ORDER 308 00:11:12,074 --> 00:11:13,108 VERY, VERY IMPORTANT IN ORDER TO STABILIZE THESE MARKETS. 309 00:11:13,109 --> 00:11:13,776 TO STABILIZE THESE MARKETS. THAT WE PROVIDE SHORT-TERM 310 00:11:13,776 --> 00:11:14,510 THAT WE PROVIDE SHORT-TERM LIQUIDITY TO GET THEM THROUGH 311 00:11:14,510 --> 00:11:14,944 LIQUIDITY TO GET THEM THROUGH THIS PERIOD. 312 00:11:14,944 --> 00:11:16,412 THIS PERIOD. TIGHT OVERSIGHT CONTROLS AND 313 00:11:16,412 --> 00:11:20,883 TIGHT OVERSIGHT CONTROLS AND INSPECTOR GENERAL, NO STOCK 314 00:11:20,883 --> 00:11:25,221 INSPECTOR GENERAL, NO STOCK BUYBACKS FOR THE LOANS, 315 00:11:25,221 --> 00:11:26,222 BUYBACKS FOR THE LOANS, COMPENSATION LIMITATIONS DURING 316 00:11:26,222 --> 00:11:27,924 COMPENSATION LIMITATIONS DURING PENDENCY OF THE LOANS. 317 00:11:27,924 --> 00:11:29,092 PENDENCY OF THE LOANS. WE HAVE VERY IMPORTANT MEASURES 318 00:11:29,091 --> 00:11:36,031 WE HAVE VERY IMPORTANT MEASURES TO PROTECT TAXPAYERS IN 319 00:11:36,032 --> 00:11:36,766 TO PROTECT TAXPAYERS IN ADDITION GETTING SO DIFFICULT, 320 00:11:36,766 --> 00:11:37,233 ADDITION GETTING SO DIFFICULT, ECONOMIC TIME. 321 00:11:37,233 --> 00:11:38,701 ECONOMIC TIME. >> Bill: CONGRESSMAN, AS YOU 322 00:11:38,701 --> 00:11:39,468 >> Bill: CONGRESSMAN, AS YOU KNOW, THERE IS LIGHT AT THE END 323 00:11:39,468 --> 00:11:46,041 KNOW, THERE IS LIGHT AT THE END OF THE TUNNEL. 324 00:11:46,042 --> 00:11:47,377 OF THE TUNNEL. PRESIDENT TRUMP’S IMPLICATED 325 00:11:47,376 --> 00:11:48,777 PRESIDENT TRUMP’S IMPLICATED DESIRE TO GET AMERICA AT LEAST 326 00:11:48,778 --> 00:11:49,512 DESIRE TO GET AMERICA AT LEAST PARTIALLY BACK TO WORK OR OPEN 327 00:11:49,512 --> 00:11:50,179 PARTIALLY BACK TO WORK OR OPEN UP, HIS SEASONS, BY EASTER. 328 00:11:50,179 --> 00:11:56,819 UP, HIS SEASONS, BY EASTER. SOME MEDICAL EXPERTS SAY WE 329 00:11:56,819 --> 00:11:57,553 SOME MEDICAL EXPERTS SAY WE WILL BE IN HEIGHT OF SPIKE IN 330 00:11:57,553 --> 00:11:58,220 WILL BE IN HEIGHT OF SPIKE IN CASES AT THAT POINT, DO YOU 331 00:11:58,221 --> 00:11:58,922 CASES AT THAT POINT, DO YOU THINK COUNTRY CAN 332 00:11:58,921 --> 00:11:59,588 THINK COUNTRY CAN GEOGRAPHICALLY TARGET SOME 333 00:11:59,589 --> 00:12:01,825 GEOGRAPHICALLY TARGET SOME AREAS AND EASE RESTRICTIONS IN 334 00:12:01,824 --> 00:12:02,625 AREAS AND EASE RESTRICTIONS IN OTHERS, AND TO BEGIN TO SLOWLY 335 00:12:02,625 --> 00:12:03,659 OTHERS, AND TO BEGIN TO SLOWLY GET BACK TO NORMAL WITHIN THE 336 00:12:03,659 --> 00:12:08,164 GET BACK TO NORMAL WITHIN THE NEXT FEW WEEKS? 337 00:12:08,164 --> 00:12:09,432 NEXT FEW WEEKS? OR DO YOU SEE THIS AS NO END IN 338 00:12:09,432 --> 00:12:09,732 OR DO YOU SEE THIS AS NO END IN SIGHT? 339 00:12:09,732 --> 00:12:17,573 SIGHT? >> Guest: NO, DEATHLY AN END IN 340 00:12:17,573 --> 00:12:17,873 >> Guest: NO, DEATHLY AN END IN SIGHT. 341 00:12:17,873 --> 00:12:18,640 SIGHT. BOTH THE PUBLIC HEALTH ISSUES 342 00:12:18,641 --> 00:12:19,208 BOTH THE PUBLIC HEALTH ISSUES AND ECONOMIC ISSUES. 343 00:12:19,208 --> 00:12:20,776 AND ECONOMIC ISSUES. WE HAVE TO DEFER TO PUBLIC 344 00:12:20,776 --> 00:12:24,913 WE HAVE TO DEFER TO PUBLIC HEALTH EXPERTS AND THE DOCTOR 345 00:12:24,914 --> 00:12:27,617 HEALTH EXPERTS AND THE DOCTOR AND TO OUR EPIDEMIOLOGIST. 346 00:12:27,617 --> 00:12:28,685 AND TO OUR EPIDEMIOLOGIST. I’VE BEEN IN CONSTANT 347 00:12:28,684 --> 00:12:29,685 I’VE BEEN IN CONSTANT COMMUNICATION WITH 348 00:12:29,685 --> 00:12:35,291 COMMUNICATION WITH EPIDEMIOLOGIST IN LEXINGTON, 349 00:12:35,291 --> 00:12:36,292 EPIDEMIOLOGIST IN LEXINGTON, SUPPORT OF SOCIAL DISTANCING 350 00:12:36,292 --> 00:12:36,626 SUPPORT OF SOCIAL DISTANCING POLICY. 351 00:12:36,626 --> 00:12:38,695 POLICY. WHAT HAPPENED IN ITALY WAS THAT 352 00:12:38,694 --> 00:12:41,030 WHAT HAPPENED IN ITALY WAS THAT YOU HAD A SPIKE IN NUMBER OF 353 00:12:41,030 --> 00:12:46,002 YOU HAD A SPIKE IN NUMBER OF TRANSMISSIONS, PERSON-TO-PERSON 354 00:12:46,002 --> 00:12:47,136 TRANSMISSIONS, PERSON-TO-PERSON TRANSMISSION OF THIS VERY 355 00:12:47,136 --> 00:12:53,776 TRANSMISSION OF THIS VERY CONTAGIOUS ILLNESS.THE RESULT 356 00:12:53,776 --> 00:12:54,510 CONTAGIOUS ILLNESS.THE RESULT WAS, OVERWHELMED HEALTHCARE 357 00:12:54,510 --> 00:12:54,910 WAS, OVERWHELMED HEALTHCARE FACILITIES. 358 00:12:54,910 --> 00:12:55,577 FACILITIES. THEY RAN OUT OF PERSONAL 359 00:12:55,578 --> 00:12:57,413 THEY RAN OUT OF PERSONAL PROTECTIVE EQUIPMENT TO PROTECT 360 00:12:57,413 --> 00:12:58,281 PROTECTIVE EQUIPMENT TO PROTECT HEALTHCARE WORKERS. 361 00:12:58,281 --> 00:12:59,282 HEALTHCARE WORKERS. HEALTHCARE WORKERS GOT SICK. 362 00:12:59,282 --> 00:13:04,721 HEALTHCARE WORKERS GOT SICK. TRANSMITTED ILLNESS, VIRUS TO 363 00:13:04,720 --> 00:13:05,588 TRANSMITTED ILLNESS, VIRUS TO MANY OF NON-COVID PATIENTS. 364 00:13:05,588 --> 00:13:06,089 MANY OF NON-COVID PATIENTS. BUILT ON IT SELF. 365 00:13:06,088 --> 00:13:08,824 BUILT ON IT SELF. IN ITALY, A TRANSMISSION FROM 366 00:13:08,824 --> 00:13:09,758 IN ITALY, A TRANSMISSION FROM THE YOUNG GENERATION TO THE 367 00:13:09,759 --> 00:13:13,296 THE YOUNG GENERATION TO THE OLDER GENERATION. 368 00:13:13,296 --> 00:13:15,131 OLDER GENERATION. THE OLDER, VULNERABLE PEOPLE, 369 00:13:15,131 --> 00:13:19,936 THE OLDER, VULNERABLE PEOPLE, IS THE WAY THE SOCIETY IS, 370 00:13:19,935 --> 00:13:20,602 IS THE WAY THE SOCIETY IS, MULTIGENERATIONAL IN THE 371 00:13:20,603 --> 00:13:21,003 MULTIGENERATIONAL IN THE HOUSEHOLD. 372 00:13:21,003 --> 00:13:25,174 HOUSEHOLD. WE WANT TO NOT HAVE THAT HAPPEN 373 00:13:25,174 --> 00:13:26,175 WE WANT TO NOT HAVE THAT HAPPEN IN UNITED STATES, THE CURVE 374 00:13:26,175 --> 00:13:26,842 IN UNITED STATES, THE CURVE DOWN AND OVERWHELM SYSTEM.