WEBVTT

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[MUSIC] 

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[MUSIC] 
>> Bill: GOOD MORNING, FROM 

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>> Bill: GOOD MORNING, FROM 
WKYT NEWS, I AM BILL BRYANT.

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WKYT NEWS, I AM BILL BRYANT.
WE WELCOME YOU TO "KENTUCKY 

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WE WELCOME YOU TO "KENTUCKY 
NEWSMAKERS".

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NEWSMAKERS".
LATER BY SOME COPING WITH TOUGH 

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LATER BY SOME COPING WITH TOUGH 
CIRCUMSTANCES WITH COVID-19 

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CIRCUMSTANCES WITH COVID-19 
CONCERNS AROUND EVERY CORNER.

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CONCERNS AROUND EVERY CORNER.
EK YOU, PROFESSOR AND 

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EK YOU, PROFESSOR AND 
PSYCHOLOGIST WILL JOIN US 

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PSYCHOLOGIST WILL JOIN US 
LATER.

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LATER.
FIRST, AFTER HAGGLING, 

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FIRST, AFTER HAGGLING, 
WASHINGTON WORKED QUICKLY TO 

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WASHINGTON WORKED QUICKLY TO 
PUT A DEAL TOGETHER THIS WEEK 

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PUT A DEAL TOGETHER THIS WEEK 
TO PUT $2 TRILLION INTO THE 

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TO PUT $2 TRILLION INTO THE 
ECONOMY TO JUMPSTART THINGS.

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ECONOMY TO JUMPSTART THINGS.
A FEW WEEKS AGO, WONDERING IF 

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A FEW WEEKS AGO, WONDERING IF 
DIVIDED COUNTRY COME TOGETHER 

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DIVIDED COUNTRY COME TOGETHER 
OVER EVERYTHING, CIRCUMSTANCES 

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OVER EVERYTHING, CIRCUMSTANCES 
FORCE IT TO HAPPEN.

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FORCE IT TO HAPPEN.
BIGGEST ECONOMIC STIMULUS 

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BIGGEST ECONOMIC STIMULUS 
PACKAGE.

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PACKAGE.
DESIGNED TO HELP BUSINESSES 

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DESIGNED TO HELP BUSINESSES 
LARGE, SMALL, HOSPITALS AND 

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LARGE, SMALL, HOSPITALS AND 
OTHERS TO GET CHECKS IN THE 

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OTHERS TO GET CHECKS IN THE 
HANDS OF MOST AMERICANS QUICKLY 

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HANDS OF MOST AMERICANS QUICKLY 
TO MEET IMMEDIATE EXPENSES.

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TO MEET IMMEDIATE EXPENSES.
CONGRESSMAN JOINING US FIRST, 

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CONGRESSMAN JOINING US FIRST, 
APPEARING REMOTELY FROM ANOTHER 

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APPEARING REMOTELY FROM ANOTHER 
LEXINGTON STUDIO, WE CONTINUE 

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LEXINGTON STUDIO, WE CONTINUE 
TO HAVE SOCIAL DISTANCING.

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TO HAVE SOCIAL DISTANCING.
TALK ABOUT THE STIMULUS AND 

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TALK ABOUT THE STIMULUS AND 
WHAT IT IS DESIGNED TO DO, 

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WHAT IT IS DESIGNED TO DO, 
CONGRESS MAY, THANK YOU FOR 

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CONGRESS MAY, THANK YOU FOR 
BEING WITH US.

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BEING WITH US.
GOOD MORNING, BILL.

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GOOD MORNING, BILL.
>> Bill: YOU ARE GETTING CALLS 

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>> Bill: YOU ARE GETTING CALLS 
FROM BUSINESSES, THOSE LAID 

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FROM BUSINESSES, THOSE LAID 
OFF, WHAT IN A NUTSHELL DOES 

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OFF, WHAT IN A NUTSHELL DOES 
HIS MASSIVE PIECE OF 

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HIS MASSIVE PIECE OF 
LEGISLATION DO?

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LEGISLATION DO?
>> Guest: AS YOU SAID, LARGEST, 

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>> Guest: AS YOU SAID, LARGEST, 
MOST AGGRESSIVE FISCAL STIMULUS 

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MOST AGGRESSIVE FISCAL STIMULUS 
IN U.S. HISTORY, THIRD RY, 

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IN U.S. HISTORY, THIRD RY, 
THIRD PHASE OF FEDERAL RESPONSE 

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THIRD PHASE OF FEDERAL RESPONSE 
TO PUBLIC EMERGENCY.

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TO PUBLIC EMERGENCY.
FIRST PHASE, EMERGENCY 

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FIRST PHASE, EMERGENCY 
SUPPLEMENTAL BILL ABOUT $1 

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SUPPLEMENTAL BILL ABOUT $1 
BILLION PROVIDED FUNDING FOR 

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BILLION PROVIDED FUNDING FOR 
CENTERS FOR DISEASE CONTROL, 

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CENTERS FOR DISEASE CONTROL, 
NATIONAL INSTITUTES OF HEALTH, 

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NATIONAL INSTITUTES OF HEALTH, 
AND OTHER HEALTHCARE AGENCIES 

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AND OTHER HEALTHCARE AGENCIES 
THAT HELP AND HUMAN AGENCIES 

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THAT HELP AND HUMAN AGENCIES 
DEPARTMENT TO PROVIDE FUNDING 

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DEPARTMENT TO PROVIDE FUNDING 
FOR DIAGNOSTIC TESTING 

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FOR DIAGNOSTIC TESTING 
DEVELOPMENT, ANTIVIRAL 

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DEVELOPMENT, ANTIVIRAL 
TREATMENTS, AND ALSO VACCINE 

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TREATMENTS, AND ALSO VACCINE 
DEVELOPMENT.

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DEVELOPMENT.
WE MET WITH CHIEF MEDICAL 

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WE MET WITH CHIEF MEDICAL 
OFFICERS OF PHARMACEUTICAL 

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OFFICERS OF PHARMACEUTICAL 
COMPANIES, THEY PUT A LOT OF 

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COMPANIES, THEY PUT A LOT OF 
MUSCLE AND BRAIN POWER BEHIND 

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MUSCLE AND BRAIN POWER BEHIND 
EFFORT TO FIND TREATMENTS IN 

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EFFORT TO FIND TREATMENTS IN 
THE VACCINE.

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THE VACCINE.
THE SOONER WE GET THAT DONE, 

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THE SOONER WE GET THAT DONE, 
BETTER FOR OUR ECONOMY AND 

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BETTER FOR OUR ECONOMY AND 
RECOVERY IS A COUNTRY.

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RECOVERY IS A COUNTRY.
THE SECOND PHASE, WAS A PACKAGE 

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THE SECOND PHASE, WAS A PACKAGE 
FOR FAMILIES TO PROVIDE FREE 

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FOR FAMILIES TO PROVIDE FREE 
TESTING TO EVERY AMERICAN, IN 

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TESTING TO EVERY AMERICAN, IN 
ADDITION PAID LEAVE SICK 

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ADDITION PAID LEAVE SICK 
LEAVE, MEDICAL LEAVE, FAMILY 

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LEAVE, MEDICAL LEAVE, FAMILY 
LEAVE.

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LEAVE.
MANY KIDS OUT OF SCHOOL.

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MANY KIDS OUT OF SCHOOL.
THIS LEGISLATION RESPONDED TO 

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THIS LEGISLATION RESPONDED TO 
THAT.

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THAT.
ALSO PROVIDED MORE FUNDING TO 

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ALSO PROVIDED MORE FUNDING TO 
UNEMPLOYMENT INSURANCE AND 

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UNEMPLOYMENT INSURANCE AND 
SAFETY NET PROGRAMS LIKE THE 

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SAFETY NET PROGRAMS LIKE THE 
PROGRAM FOR FOOD BANKS, WE 

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PROGRAM FOR FOOD BANKS, WE 
SOUGHT LATE LAST WEEK 3.3 

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SOUGHT LATE LAST WEEK 3.3 
MILLION NEW UNEMPLOYMENT CLAIMS 

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MILLION NEW UNEMPLOYMENT CLAIMS 
AS A RESULT OF THIS ECONOMIC 

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AS A RESULT OF THIS ECONOMIC 
SHUTDOWN.

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SHUTDOWN.
THE THIRD PHASE IS HEROIC 

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THE THIRD PHASE IS HEROIC 
FISCAL STIMULUS OF $2 TRILLION 

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FISCAL STIMULUS OF $2 TRILLION 
TO SUPPLEMENT EXTRAORDINARY 

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TO SUPPLEMENT EXTRAORDINARY 
MOST BY FEDERAL RESERVE TO 

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MOST BY FEDERAL RESERVE TO 
STABILIZE OUR ECONOMY.

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STABILIZE OUR ECONOMY.
AS WE HAVE TALKED TO THE 

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AS WE HAVE TALKED TO THE 
TREASURY SECRETARY AND MY 

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TREASURY SECRETARY AND MY 
COLLEAGUES ON HOUSE FINANCIAL 

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COLLEAGUES ON HOUSE FINANCIAL 
SERVICES, BANKS, SMALL BUSINESS 

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SERVICES, BANKS, SMALL BUSINESS 
OWNERS THROUGHOUT CENTRAL 

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OWNERS THROUGHOUT CENTRAL 
KENTUCKY AND COUNTRY, TALK TO 

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KENTUCKY AND COUNTRY, TALK TO 
TOP OFFICIALS OF FEDERAL 

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TOP OFFICIALS OF FEDERAL 
RESERVE BOARD, WHAT THEY’VE 

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RESERVE BOARD, WHAT THEY’VE 
STRESSED TO US, NOT A RECESSION 

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STRESSED TO US, NOT A RECESSION 
IN TRADITIONAL SENSORY 

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IN TRADITIONAL SENSORY 
DEFINITION OF THAT TERM.

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DEFINITION OF THAT TERM.
RECESSION IS BUSINESS CYCLE 

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RECESSION IS BUSINESS CYCLE 
PHENOMENON.

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PHENOMENON.
THIS IS INTENTIONAL SHUTDOWN OF 

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THIS IS INTENTIONAL SHUTDOWN OF 
U.S. ECONOMY BY THE GOVERNMENT.

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U.S. ECONOMY BY THE GOVERNMENT.
IN ORDER TO RESPOND TO DYER 

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IN ORDER TO RESPOND TO DYER 
PUBLIC HEALTH EMERGENCY.

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PUBLIC HEALTH EMERGENCY.
OBVIOUSLY, RELYING ON THE 

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OBVIOUSLY, RELYING ON THE 
ADVICE OF EPIDEMIOLOGISTS, 

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ADVICE OF EPIDEMIOLOGISTS, 
EXPERT AT NATIONAL INSTITUTE OF 

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EXPERT AT NATIONAL INSTITUTE OF 
HEALTH, THE DOCTOR SAID 

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HEALTH, THE DOCTOR SAID 
HANDEDNESS GIVING ADVICE ABOUT 

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HANDEDNESS GIVING ADVICE ABOUT 
SOCIAL DISTANCING, FEDERAL 

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SOCIAL DISTANCING, FEDERAL 
GUIDELINES, ABOUT HOW WE CAN 

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GUIDELINES, ABOUT HOW WE CAN 
GET THROUGH THIS ABOUT 

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GET THROUGH THIS ABOUT 
OVERWHELMING HEALTHCARE SYSTEM.

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OVERWHELMING HEALTHCARE SYSTEM.
A LOT OF DETAILS TO $2 TRILLION 

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A LOT OF DETAILS TO $2 TRILLION 
PACKAGE, BUT THAT IS THIRD 

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PACKAGE, BUT THAT IS THIRD 
PHASE 2 SUPPLEMENT WHAT FEDERAL 

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PHASE 2 SUPPLEMENT WHAT FEDERAL 
RESERVE IS DONE.

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RESERVE IS DONE.
>> Bill: CURIOUS, LESTER 

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>> Bill: CURIOUS, LESTER 
ROMINES OF SO MANY, WHO WILL 

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ROMINES OF SO MANY, WHO WILL 
GET OUR DIRECT CHECK FROM THE 

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GET OUR DIRECT CHECK FROM THE 
GOVERNMENT TO HELP THEM GET BY 

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GOVERNMENT TO HELP THEM GET BY 
IN TOUGH WEEKS AHEAD?

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IN TOUGH WEEKS AHEAD?
>> Guest: THREE MAJOR PARTS TO 

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>> Guest: THREE MAJOR PARTS TO 
THE $2 TRILLION FISCAL STIMULUS 

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THE $2 TRILLION FISCAL STIMULUS 
BILL, FIRST FOR INDIVIDUALS AND 

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BILL, FIRST FOR INDIVIDUALS AND 
FAMILIES.

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FAMILIES.
THE SECOND IS FOR BUSINESSES, 

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THE SECOND IS FOR BUSINESSES, 
BOTH SMALL, MEDIUM AND LARGE 

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BOTH SMALL, MEDIUM AND LARGE 
SIZED BUSINESS.

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SIZED BUSINESS.
FINALLY, HELP FOR HEALTHCARE 

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FINALLY, HELP FOR HEALTHCARE 
SYSTEM, APPROPRIATIONS FOR 

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SYSTEM, APPROPRIATIONS FOR 
HOSPITALS, FRONTLINE MEDICAL 

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HOSPITALS, FRONTLINE MEDICAL 
WORKERS DOING INCREDIBLE, 

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WORKERS DOING INCREDIBLE, 
AEROBIC WORK PUTTING THEIR 

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AEROBIC WORK PUTTING THEIR 
HEALTH AND FAMILIES HELP ON THE 

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HEALTH AND FAMILIES HELP ON THE 
LINE TO RESPOND TO PATIENTS WHO 

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LINE TO RESPOND TO PATIENTS WHO 
ARE SICK OR AT RISK OF 

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ARE SICK OR AT RISK OF 
CONTRACTING POTENT PATHOGEN.

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CONTRACTING POTENT PATHOGEN.
THIS FIRST PART, DIRECT 

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THIS FIRST PART, DIRECT 
PAYMENTS TO INDIVIDUALS WHO 

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PAYMENTS TO INDIVIDUALS WHO 
MAKE LESS THAN $75,000 A YEAR, 

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MAKE LESS THAN $75,000 A YEAR, 
THAT APPLIES TO PEOPLE WHO ARE 

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THAT APPLIES TO PEOPLE WHO ARE 
WORKING RIGHT NOW.

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WORKING RIGHT NOW.
ALSO RETIREES AS WELL.

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ALSO RETIREES AS WELL.
THE CONDITIONS ARE, YOU HAVE A 

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THE CONDITIONS ARE, YOU HAVE A 
SOCIAL SECURITY NUMBER, A LEGAL 

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SOCIAL SECURITY NUMBER, A LEGAL 
RESIDENT, CITIZEN OF UNITED 

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RESIDENT, CITIZEN OF UNITED 
STATES, OBVIOUSLY.

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STATES, OBVIOUSLY.
MAKE LESS THAN $75,000 A YEAR.

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MAKE LESS THAN $75,000 A YEAR.
IF YOU MEET THAT CRITERIA, YOU 

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IF YOU MEET THAT CRITERIA, YOU 
WILL GET A CHECK FOR $1200, 

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WILL GET A CHECK FOR $1200, 
DIRECT DEPOSIT FROM TREASURY TO 

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DIRECT DEPOSIT FROM TREASURY TO 
YOUR BANK ACCOUNT FROM IRS 

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YOUR BANK ACCOUNT FROM IRS 
SYSTEM.

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SYSTEM.
UP TO $250,000, 500 ADDITIONAL 

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UP TO $250,000, 500 ADDITIONAL 
FOR EACH ADDITIONAL.

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FOR EACH ADDITIONAL.
GOES UP EVEN FURTHER AND PHASES 

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GOES UP EVEN FURTHER AND PHASES 
OUT IT INCOME LEVELS OF $99,000 

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OUT IT INCOME LEVELS OF $99,000 
FOR DIVISIONS, $198,000 PER 

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FOR DIVISIONS, $198,000 PER 
COUPLE.

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COUPLE.
A DRAMATIC STEP UP IN 

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A DRAMATIC STEP UP IN 
UNEMPLOYMENT INSURANCE FOR 

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UNEMPLOYMENT INSURANCE FOR 
AMERICANS.

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AMERICANS.
WE KNOW SO MANY AMERICANS LOST 

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WE KNOW SO MANY AMERICANS LOST 
JOBS AND HAVE BEEN LAID OFF 

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JOBS AND HAVE BEEN LAID OFF 
BECAUSE OF THE SHUTDOWN OF THE 

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BECAUSE OF THE SHUTDOWN OF THE 
ECONOMY.

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ECONOMY.
THIS LEGISLATION, NOT ONLY 

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THIS LEGISLATION, NOT ONLY 
EXTENDS UNEMPLOYMENT INSURANCE 

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EXTENDS UNEMPLOYMENT INSURANCE 
FOR 13 WEEKS, BUT THE FIRST 

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FOR 13 WEEKS, BUT THE FIRST 
FOUR MONTHS PROVIDES ADDITIONAL 

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FOUR MONTHS PROVIDES ADDITIONAL 
$600 PER WEEK FOR UNEMPLOYED 

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$600 PER WEEK FOR UNEMPLOYED 
INDIVIDUALS WHO GET AN 

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INDIVIDUALS WHO GET AN 
APPOINTMENT INSURANCE.

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APPOINTMENT INSURANCE.
>> Bill: FOR INDIVIDUALS AS 

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>> Bill: FOR INDIVIDUALS AS 
WELL, THAT WOULD ALLOW, ONE OF 

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WELL, THAT WOULD ALLOW, ONE OF 
THEM ALLOWING INDIVIDUALS 

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THEM ALLOWING INDIVIDUALS 
PENALTY FREE WITHDRAWAL MONEY 

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PENALTY FREE WITHDRAWAL MONEY 
UP TO $100,000 FROM RETIREMENT 

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UP TO $100,000 FROM RETIREMENT 
ACCOUNT, THEN WE CONTRIBUTE 

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ACCOUNT, THEN WE CONTRIBUTE 
THAT WITHOUT APPARENTLY OVER 

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THAT WITHOUT APPARENTLY OVER 
THE NEXT THREE YEARS.

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THE NEXT THREE YEARS.
PAY ONLY TAXES, NOT PENALTY FOR 

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PAY ONLY TAXES, NOT PENALTY FOR 
EARLY WITHDRAWAL.

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EARLY WITHDRAWAL.
>> Bill: WE CONTRIBUTE FOR 

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>> Bill: WE CONTRIBUTE FOR 
EMERGENCY CASH.

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EMERGENCY CASH.
CASH FLOW FOR WORKERS AND 

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CASH FLOW FOR WORKERS AND 
BUSINESSES.

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BUSINESSES.
WHAT WE WANT TO DO IS GET THE 

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WHAT WE WANT TO DO IS GET THE 
CASH INTO THE HANDS OF 

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CASH INTO THE HANDS OF 
HOUSEHOLD, THEY COULD PAY 

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HOUSEHOLD, THEY COULD PAY 
MORTGAGES, PAY THEIR BILLS, BUY 

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MORTGAGES, PAY THEIR BILLS, BUY 
GROCERIES AND PUT FOOD ON  

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GROCERIES AND PUT FOOD ON  
TABLE WHEN MANY AMERICANS ARE 

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TABLE WHEN MANY AMERICANS ARE 
SIDELINED FROM WORK AND NOT 

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SIDELINED FROM WORK AND NOT 
ABLE TO TAKE CARE OF THEMSELVES 

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ABLE TO TAKE CARE OF THEMSELVES 
AND FAMILY.

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AND FAMILY.
NOT BECAUSE OF FAULT OF THEIR 

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NOT BECAUSE OF FAULT OF THEIR 
OWN, BUT BECAUSE GOVERNMENT 

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OWN, BUT BECAUSE GOVERNMENT 
TOLD AMERICANS NOT TO GO TO 

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TOLD AMERICANS NOT TO GO TO 
WORK AND PRACTICE SOCIAL 

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WORK AND PRACTICE SOCIAL 
DISTANCING.

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DISTANCING.
IT ALSO SO IMPORTANT WE FOCUS 

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IT ALSO SO IMPORTANT WE FOCUS 
ON SECOND PART OF THIS BILL, 

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ON SECOND PART OF THIS BILL, 
WHICH IS THE BILL FOR 

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WHICH IS THE BILL FOR 
BUSINESSES.

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BUSINESSES.
WE WANT PEOPLE COME AFTER WE 

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WE WANT PEOPLE COME AFTER WE 
GET THROUGH THIS, WE GET TO THE 

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GET THROUGH THIS, WE GET TO THE 
PANDEMIC, WE WANT JOBS FOR 

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PANDEMIC, WE WANT JOBS FOR 
PEOPLE TO RETURN TO.

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PEOPLE TO RETURN TO.
THAT IS WHY WE’VE GOT HUGE 

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THAT IS WHY WE’VE GOT HUGE 
INCENTIVES, EVEN IF BUSINESS 

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INCENTIVES, EVEN IF BUSINESS 
SHUT DOWN DURING THIS TIME.

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SHUT DOWN DURING THIS TIME.
A REAL HEROIC $350 BILLION 

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A REAL HEROIC $350 BILLION 
GUARANTEED LOAN PROGRAM CALLED 

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GUARANTEED LOAN PROGRAM CALLED 
PAYCHECK PROTECTION PROGRAM.

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PAYCHECK PROTECTION PROGRAM.
IT SYNTHESIZES SMALL BUSINESSES 

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IT SYNTHESIZES SMALL BUSINESSES 
TO KEEP DOORS OPEN, EVEN IF NO 

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TO KEEP DOORS OPEN, EVEN IF NO 
CUSTOMERS, KEY PEOPLE ON 

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CUSTOMERS, KEY PEOPLE ON 
PAYROLL.

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PAYROLL.
DELEGATED UNDERWRITING TO THE 

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DELEGATED UNDERWRITING TO THE 
BANKS AND CREDIT UNIONS SO 

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BANKS AND CREDIT UNIONS SO 
THERE WOULD NOT BE GOVERNMENT 

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THERE WOULD NOT BE GOVERNMENT 
BUREAUCRACY.

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BUREAUCRACY.
WITHIN THE WEEK, SMALL BUSINESS 

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WITHIN THE WEEK, SMALL BUSINESS 
OWNERS, EMPLOYEES WITH LESS 

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OWNERS, EMPLOYEES WITH LESS 
THAN 500 EMPLOYEES, GO TO THE 

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THAN 500 EMPLOYEES, GO TO THE 
LOCAL BANK.

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LOCAL BANK.
EXPANDED NUMBER OF BANKS, ANY 

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EXPANDED NUMBER OF BANKS, ANY 
FDI INSURED, TREASURY CAN 

08:36.953 --> 08:41.391
FDI INSURED, TREASURY CAN 
AUTHORIZE OTHERS AS WELL TO 

08:41.391 --> 08:42.325
AUTHORIZE OTHERS AS WELL TO 
AUTHORIZE LOANS, LONG 

08:42.325 --> 08:43.226
AUTHORIZE LOANS, LONG 
AMORTIZATION ON THEM.

08:43.226 --> 08:49.232
AMORTIZATION ON THEM.
BUSINESSES CAN GET LIQUIDITY 

08:49.232 --> 08:50.100
BUSINESSES CAN GET LIQUIDITY 
AND CASH FLOW TO KEEP DOORS 

08:50.099 --> 08:50.666
AND CASH FLOW TO KEEP DOORS 
OPEN A KEY PAYROLL.

08:50.666 --> 08:51.901
OPEN A KEY PAYROLL.
A REAL BENEFIT.

08:51.901 --> 08:54.504
A REAL BENEFIT.
>> Bill: YOU ARE SAYING THE 

08:54.504 --> 08:55.138
>> Bill: YOU ARE SAYING THE 
TURNAROUND BE VERY QUICK.

08:55.138 --> 08:55.939
TURNAROUND BE VERY QUICK.
BY NEXT WEEK, NOW, YOU ARE 

08:55.938 --> 08:58.841
BY NEXT WEEK, NOW, YOU ARE 
SAYING THESE LOCAL BUSINESSES 

08:58.841 --> 09:01.944
SAYING THESE LOCAL BUSINESSES 
SHOULD BE IN POSITION TO REACH 

09:01.944 --> 09:04.280
SHOULD BE IN POSITION TO REACH 
OUT TO FUNDING INSTITUTIONS?

09:04.280 --> 09:05.148
OUT TO FUNDING INSTITUTIONS?
>> Guest: YES, SIR.

09:05.148 --> 09:09.419
>> Guest: YES, SIR.
THE REFUNDS FOR INDIVIDUALS, 

09:09.419 --> 09:15.392
THE REFUNDS FOR INDIVIDUALS, 
REBATES FOR INDIVIDUALS THAT 

09:15.391 --> 09:16.392
REBATES FOR INDIVIDUALS THAT 
WILL BE TO HAVE IN THREE WEEKS.

09:16.392 --> 09:17.593
WILL BE TO HAVE IN THREE WEEKS.
BUSINESSES WHO NEED TO 

09:17.593 --> 09:19.061
BUSINESSES WHO NEED TO 
IMMEDIATELY PAY BILLS, RENT, 

09:19.062 --> 09:19.896
IMMEDIATELY PAY BILLS, RENT, 
PAYROLL, PAY UTILITY BILLS, WE 

09:19.896 --> 09:26.202
PAYROLL, PAY UTILITY BILLS, WE 
NEED TO MAKE SURE WE DEPLOY 

09:26.202 --> 09:27.236
NEED TO MAKE SURE WE DEPLOY 
CAPITAL IMMEDIATELY.

09:27.236 --> 09:27.970
CAPITAL IMMEDIATELY.
ESPECIALLY BEFORE APRIL 1 OR 

09:27.970 --> 09:31.607
ESPECIALLY BEFORE APRIL 1 OR 
MARCH 31 WHEN MANY THE BILLS 

09:31.607 --> 09:31.941
MARCH 31 WHEN MANY THE BILLS 
ARE DUE.

09:31.941 --> 09:32.508
ARE DUE.
WHAT WE HAVE DONE IN 

09:32.508 --> 09:33.242
WHAT WE HAVE DONE IN 
LEGISLATION, I WORKED ON THIS 

09:33.242 --> 09:37.413
LEGISLATION, I WORKED ON THIS 
PART OF THE BILL IS TO MAKE 

09:37.413 --> 09:38.080
PART OF THE BILL IS TO MAKE 
SURE WE DELEGATE THIS AND 

09:38.081 --> 09:42.652
SURE WE DELEGATE THIS AND 
EXPEDITE THESE LOANS THROUGH 

09:42.652 --> 09:43.520
EXPEDITE THESE LOANS THROUGH 
THE BANKING SYSTEM, THEIR 

09:43.519 --> 09:44.387
THE BANKING SYSTEM, THEIR 
CREDIT UNIONS INSTEAD OF HAVING 

09:44.387 --> 09:45.521
CREDIT UNIONS INSTEAD OF HAVING 
SMALL BUSINESS ADMINISTRATION 

09:45.521 --> 09:47.857
SMALL BUSINESS ADMINISTRATION 
BE IN CHARGE OF THIS.

09:47.857 --> 09:49.125
BE IN CHARGE OF THIS.
THE GOVERNMENT WILL GUARANTEE 

09:49.125 --> 09:52.629
THE GOVERNMENT WILL GUARANTEE 
THESE LOANS, IN FACT, FORGET 

09:52.628 --> 09:53.529
THESE LOANS, IN FACT, FORGET 
LOANS AS LONG AS BUSINESSES 

09:53.529 --> 09:58.968
LOANS AS LONG AS BUSINESSES 
KEEP WORKERS ON THE PAYROLL FOR 

09:58.968 --> 09:59.902
KEEP WORKERS ON THE PAYROLL FOR 
EIGHT CONSECUTIVE WEEKS TO GET 

09:59.902 --> 10:04.840
EIGHT CONSECUTIVE WEEKS TO GET 
THROUGH INTERRUPTION OF 

10:04.841 --> 10:05.208
THROUGH INTERRUPTION OF 
BUSINESS.

10:05.208 --> 10:06.076
BUSINESS.
A HUGE INCENTIVE FOR EMPLOYERS 

10:06.075 --> 10:07.543
A HUGE INCENTIVE FOR EMPLOYERS 
TO REHIRE WORKERS LAID OFF, OR 

10:07.543 --> 10:08.477
TO REHIRE WORKERS LAID OFF, OR 
RETAIN WORKERS.

10:08.478 --> 10:09.245
RETAIN WORKERS.
IF THEY DO THAT, THEY WILL GET 

10:09.245 --> 10:10.179
IF THEY DO THAT, THEY WILL GET 
REIMBURSED UP TO $10 MILLION OR 

10:10.179 --> 10:15.518
REIMBURSED UP TO $10 MILLION OR 
2 AND A HALF TIMES THEIR 

10:15.518 --> 10:16.219
2 AND A HALF TIMES THEIR 
PAYROLL IN ORDER TO GET US TO 

10:16.219 --> 10:16.653
PAYROLL IN ORDER TO GET US TO 
OUR PERIOD.

10:16.652 --> 10:22.625
OUR PERIOD.
FOR LARGER BUSINESSES, $500 

10:22.625 --> 10:23.426
FOR LARGER BUSINESSES, $500 
BILLION EXCHANGE STABILIZATION 

10:23.426 --> 10:24.260
BILLION EXCHANGE STABILIZATION 
FUND AND DEPARTMENT OF THE 

10:24.260 --> 10:25.194
FUND AND DEPARTMENT OF THE 
TREASURY THAT WILL BACKSTOP 

10:25.194 --> 10:29.699
TREASURY THAT WILL BACKSTOP 
FEDERAL RESERVE LOANS AND 

10:29.699 --> 10:30.700
FEDERAL RESERVE LOANS AND 
VARIOUS CREDIT FACILITIES TO 

10:30.700 --> 10:31.734
VARIOUS CREDIT FACILITIES TO 
VARIOUS MARKETS THAT IS VITALLY 

10:31.734 --> 10:32.101
VARIOUS MARKETS THAT IS VITALLY 
IMPORTANT.

10:32.101 --> 10:36.172
IMPORTANT.
SOME OF CRITICIZED AND CALLED 

10:36.172 --> 10:37.106
SOME OF CRITICIZED AND CALLED 
IT CORPORATE SLUSH FUND, 

10:37.106 --> 10:38.207
IT CORPORATE SLUSH FUND, 
ABSOLUTELY NOT TRUE.

10:38.207 --> 10:38.774
ABSOLUTELY NOT TRUE.
THEY’RE NOT BAILOUTS.

10:38.774 --> 10:42.511
THEY’RE NOT BAILOUTS.
THERE LOANS.

10:42.512 --> 10:43.513
THERE LOANS.
IF YOU THINK ABOUT IT, VITAL TO 

10:43.513 --> 10:45.849
IF YOU THINK ABOUT IT, VITAL TO 
MAINTAIN AND RETAIN WORKERS AND 

10:45.848 --> 10:49.485
MAINTAIN AND RETAIN WORKERS AND 
MINISTRY BUSINESSES TO MAKE 

10:49.485 --> 10:50.219
MINISTRY BUSINESSES TO MAKE 
SURE SUPPLY CHAINS ARE IN TACT 

10:50.219 --> 10:52.788
SURE SUPPLY CHAINS ARE IN TACT 
WHEN WE GET OUT OF THIS.

10:52.788 --> 10:53.622
WHEN WE GET OUT OF THIS.
68 MILLION AMERICANS WORK FOR 

10:53.623 --> 10:56.392
68 MILLION AMERICANS WORK FOR 
LARGE AND PLAYERS.

10:56.392 --> 11:02.131
LARGE AND PLAYERS.
THE QUALITY MANAGERS ENTER SOME 

11:02.131 --> 11:03.032
THE QUALITY MANAGERS ENTER SOME 
AND TOYOTA, AUTO MANUFACTURERS 

11:03.032 --> 11:03.599
AND TOYOTA, AUTO MANUFACTURERS 
SHUTDOWN.

11:03.599 --> 11:04.233
SHUTDOWN.
AIRLINES, ALSO, AS WELL.

11:04.233 --> 11:05.167
AIRLINES, ALSO, AS WELL.
IN THE HOTELS.

11:05.168 --> 11:12.075
IN THE HOTELS.
VERY, VERY IMPORTANT IN ORDER 

11:12.074 --> 11:13.108
VERY, VERY IMPORTANT IN ORDER 
TO STABILIZE THESE MARKETS.

11:13.109 --> 11:13.776
TO STABILIZE THESE MARKETS.
THAT WE PROVIDE SHORT-TERM 

11:13.776 --> 11:14.510
THAT WE PROVIDE SHORT-TERM 
LIQUIDITY TO GET THEM THROUGH 

11:14.510 --> 11:14.944
LIQUIDITY TO GET THEM THROUGH 
THIS PERIOD.

11:14.944 --> 11:16.412
THIS PERIOD.
TIGHT OVERSIGHT CONTROLS AND 

11:16.412 --> 11:20.883
TIGHT OVERSIGHT CONTROLS AND 
INSPECTOR GENERAL, NO STOCK 

11:20.883 --> 11:25.221
INSPECTOR GENERAL, NO STOCK 
BUYBACKS FOR THE LOANS, 

11:25.221 --> 11:26.222
BUYBACKS FOR THE LOANS, 
COMPENSATION LIMITATIONS DURING 

11:26.222 --> 11:27.924
COMPENSATION LIMITATIONS DURING 
PENDENCY OF THE LOANS.

11:27.924 --> 11:29.092
PENDENCY OF THE LOANS.
WE HAVE VERY IMPORTANT MEASURES 

11:29.091 --> 11:36.031
WE HAVE VERY IMPORTANT MEASURES 
TO PROTECT TAXPAYERS IN 

11:36.032 --> 11:36.766
TO PROTECT TAXPAYERS IN 
ADDITION GETTING SO DIFFICULT, 

11:36.766 --> 11:37.233
ADDITION GETTING SO DIFFICULT, 
ECONOMIC TIME.

11:37.233 --> 11:38.701
ECONOMIC TIME.
>> Bill: CONGRESSMAN, AS YOU 

11:38.701 --> 11:39.468
>> Bill: CONGRESSMAN, AS YOU 
KNOW, THERE IS LIGHT AT THE END 

11:39.468 --> 11:46.041
KNOW, THERE IS LIGHT AT THE END 
OF THE TUNNEL.

11:46.042 --> 11:47.377
OF THE TUNNEL.
PRESIDENT TRUMP’S IMPLICATED 

11:47.376 --> 11:48.777
PRESIDENT TRUMP’S IMPLICATED 
DESIRE TO GET AMERICA AT LEAST 

11:48.778 --> 11:49.512
DESIRE TO GET AMERICA AT LEAST 
PARTIALLY BACK TO WORK OR OPEN 

11:49.512 --> 11:50.179
PARTIALLY BACK TO WORK OR OPEN 
UP, HIS SEASONS, BY EASTER.

11:50.179 --> 11:56.819
UP, HIS SEASONS, BY EASTER.
SOME MEDICAL EXPERTS SAY WE 

11:56.819 --> 11:57.553
SOME MEDICAL EXPERTS SAY WE 
WILL BE IN HEIGHT OF SPIKE IN 

11:57.553 --> 11:58.220
WILL BE IN HEIGHT OF SPIKE IN 
CASES AT THAT POINT, DO YOU 

11:58.221 --> 11:58.922
CASES AT THAT POINT, DO YOU 
THINK COUNTRY CAN 

11:58.921 --> 11:59.588
THINK COUNTRY CAN 
GEOGRAPHICALLY TARGET SOME 

11:59.589 --> 12:01.825
GEOGRAPHICALLY TARGET SOME 
AREAS AND EASE RESTRICTIONS IN 

12:01.824 --> 12:02.625
AREAS AND EASE RESTRICTIONS IN 
OTHERS, AND TO BEGIN TO SLOWLY 

12:02.625 --> 12:03.659
OTHERS, AND TO BEGIN TO SLOWLY 
GET BACK TO NORMAL WITHIN THE 

12:03.659 --> 12:08.164
GET BACK TO NORMAL WITHIN THE 
NEXT FEW WEEKS?

12:08.164 --> 12:09.432
NEXT FEW WEEKS?
OR DO YOU SEE THIS AS NO END IN 

12:09.432 --> 12:09.732
OR DO YOU SEE THIS AS NO END IN 
SIGHT?

12:09.732 --> 12:17.573
SIGHT?
>> Guest: NO, DEATHLY AN END IN 

12:17.573 --> 12:17.873
>> Guest: NO, DEATHLY AN END IN 
SIGHT.

12:17.873 --> 12:18.640
SIGHT.
BOTH THE PUBLIC HEALTH ISSUES 

12:18.641 --> 12:19.208
BOTH THE PUBLIC HEALTH ISSUES 
AND ECONOMIC ISSUES.

12:19.208 --> 12:20.776
AND ECONOMIC ISSUES.
WE HAVE TO DEFER TO PUBLIC 

12:20.776 --> 12:24.913
WE HAVE TO DEFER TO PUBLIC 
HEALTH EXPERTS AND THE DOCTOR 

12:24.914 --> 12:27.617
HEALTH EXPERTS AND THE DOCTOR 
AND TO OUR EPIDEMIOLOGIST.

12:27.617 --> 12:28.685
AND TO OUR EPIDEMIOLOGIST.
I’VE BEEN IN CONSTANT 

12:28.684 --> 12:29.685
I’VE BEEN IN CONSTANT 
COMMUNICATION WITH 

12:29.685 --> 12:35.291
COMMUNICATION WITH 
EPIDEMIOLOGIST IN LEXINGTON, 

12:35.291 --> 12:36.292
EPIDEMIOLOGIST IN LEXINGTON, 
SUPPORT OF SOCIAL DISTANCING 

12:36.292 --> 12:36.626
SUPPORT OF SOCIAL DISTANCING 
POLICY.

12:36.626 --> 12:38.695
POLICY.
WHAT HAPPENED IN ITALY WAS THAT 

12:38.694 --> 12:41.030
WHAT HAPPENED IN ITALY WAS THAT 
YOU HAD A SPIKE IN NUMBER OF 

12:41.030 --> 12:46.002
YOU HAD A SPIKE IN NUMBER OF 
TRANSMISSIONS, PERSON-TO-PERSON 

12:46.002 --> 12:47.136
TRANSMISSIONS, PERSON-TO-PERSON 
TRANSMISSION OF THIS VERY 

12:47.136 --> 12:53.776
TRANSMISSION OF THIS VERY 
CONTAGIOUS ILLNESS.THE RESULT 

12:53.776 --> 12:54.510
CONTAGIOUS ILLNESS.THE RESULT 
WAS, OVERWHELMED HEALTHCARE 

12:54.510 --> 12:54.910
WAS, OVERWHELMED HEALTHCARE 
FACILITIES.

12:54.910 --> 12:55.577
FACILITIES.
THEY RAN OUT OF PERSONAL 

12:55.578 --> 12:57.413
THEY RAN OUT OF PERSONAL 
PROTECTIVE EQUIPMENT TO PROTECT 

12:57.413 --> 12:58.281
PROTECTIVE EQUIPMENT TO PROTECT 
HEALTHCARE WORKERS.

12:58.281 --> 12:59.282
HEALTHCARE WORKERS.
HEALTHCARE WORKERS GOT SICK.

12:59.282 --> 13:04.721
HEALTHCARE WORKERS GOT SICK.
TRANSMITTED ILLNESS, VIRUS TO 

13:04.720 --> 13:05.588
TRANSMITTED ILLNESS, VIRUS TO 
MANY OF NON-COVID PATIENTS.

13:05.588 --> 13:06.089
MANY OF NON-COVID PATIENTS.
BUILT ON IT SELF.

13:06.088 --> 13:08.824
BUILT ON IT SELF.
IN ITALY, A TRANSMISSION FROM 

13:08.824 --> 13:09.758
IN ITALY, A TRANSMISSION FROM 
THE YOUNG GENERATION TO THE 

13:09.759 --> 13:13.296
THE YOUNG GENERATION TO THE 
OLDER GENERATION.

13:13.296 --> 13:15.131
OLDER GENERATION.
THE OLDER, VULNERABLE PEOPLE, 

13:15.131 --> 13:19.936
THE OLDER, VULNERABLE PEOPLE, 
IS THE WAY THE SOCIETY IS, 

13:19.935 --> 13:20.602
IS THE WAY THE SOCIETY IS, 
MULTIGENERATIONAL IN THE 

13:20.603 --> 13:21.003
MULTIGENERATIONAL IN THE 
HOUSEHOLD.

13:21.003 --> 13:25.174
HOUSEHOLD.
WE WANT TO NOT HAVE THAT HAPPEN 

13:25.174 --> 13:26.175
WE WANT TO NOT HAVE THAT HAPPEN 
IN UNITED STATES, THE CURVE 

13:26.175 --> 13:26.842
IN UNITED STATES, THE CURVE 
DOWN AND OVERWHELM SYSTEM.