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Sen. Schumer Breaks Down Massive Coronavirus Aid Package | Morning Joe | MSNBC - YouTube
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all right joining us now the top ranking
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Democrat in the Senate Minority Leader
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Chuck Schumer of New York Senator
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Schumer we're going to talk about this
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in this massive bill in just a moment
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but first a tale of several types of
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leadership you see India you see the UK
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lockdown you see our president saying
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we're gonna reopen at Easter do you
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think that's possible
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I would leave it to the medical
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authorities mica I've been busy writing
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this bill so I haven't been able to
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consult them but it shouldn't be a
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politician who decides this it should be
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the medical authorities plain and simple
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how do you think this bill is gonna help
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the American people well that's what's
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so important this has been a long five
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days but the bill is much better than
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the bill that was introduced and let me
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go over it so people know what's in it
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before I do I want to give a shout out
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to the health care workers the nurses
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the doctors who are risking everything
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to help us they are great and just
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another little shout-out my staff did an
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amazing job on this bill that by Gerry
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Petrelli and Meghan Tyra a couple and I
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thank them and all the staffs who work
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so hard now in the bill there are five
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things that are greatly improved and if
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we had a title for the bill it would be
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Marshall plan for hospitals workers not
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corporations first and let me go over
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each first and foremost there's massive
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amounts of money for our hospitals our
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nursing homes our community health
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centers they are on the front lines they
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are so lacking equipment ventilators we
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know all about that and there's a
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serious lack there other kinds of
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equipment as well PPE even new beds and
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things like that there is a hundred
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thirty billion dollars for them a
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considerable increase from the original
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bill second workers first all these
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people who are being thrown out of work
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through no fault of their own we've
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created something called unemployment on
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steroids if your employer has to let you
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go they don't let you go they furlough
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you an unemployment insurance pays you
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all from almost all people their whole
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salary or close to it and that's for
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four months we got that extended to four
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months and
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so it's not just a one-time payment its
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long-term help you with your mortgage to
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pay the bills and then what's good about
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it because you're furloughed when God
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willing this crisis is over these
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businesses can reassemble one of the
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things the workers and the and the
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employers worry about is what's gonna
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happen to all the people who are a team
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who work together so well that's number
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two workers first and we put real real
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responsibility as you know there's a
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four hundred billion dollar package for
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corporate loans under the original bill
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no one would know what even who is
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getting the money and what the terms
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were for six months we have real
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accountability transparency and
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oversight we will know each contract
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when it is signed fully published within
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a short period of time Congress in seven
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days the public in fourteen days and we
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have an oversight board and an inspector
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general that's really tough has subpoena
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power and can look at every one of these
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contracts these are many suggestions of
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Elizabeth Warren who's an expert on this
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and two more pillars money for local
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governments and state governments as you
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know they're running out of money that's
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what we hear from governor's mayor's all
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across the country there's a hundred
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fifty billion dollars to help them
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survive the crisis and finally small
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business and this is the one thing of
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the five that was in the bill originally
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the way we wanted and small businesses
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my dad was a small businessman
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exterminator I know how businesspeople
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struggle and now it's worse you spent
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years of blood sweat and tears building
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up your little business and now it's
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gone well this will give you a
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short-term loan long loan low very low
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or no interest loans so you can keep
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your business going and pay your
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employers to stick with you so this
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package is big help
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quick help for the American people right
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in the places we need it most first and
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foremost our health care system and
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second to all the people who are under
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duress and losing jobs through no fault
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of their own
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so senators so much to go over here
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first of all congratulations to you
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Democrats Republicans everybody working
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together to bring this in for a landing
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very important for so many reasons let's
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start there let's go down that let's
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start with hospitals a hundred thirty
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billion dollars for hospitals where does
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that relief go how does it get there and
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does it do anything on the issue of
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ventilators mass the protective gear
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that those health care workers so
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desperately need yes one of the first
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and most important things of our
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hospitals bill is that they get lots of
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money good amounts of money to buy the
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equipment that they need and it also
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puts money into the system so more of
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these things can be produced and
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produced rather quickly when there's so
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much money out there there's an
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incentive to produce more I believe the
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president should have used the defense
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production act we encouraged him to do
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that in the bill we can't force him but
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this money gives this plan gives money
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directly directly to hospitals and other
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healthcare institutions so they have the
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money the purchasing power to get these
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ventilators these masks these PPS it
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also allows them to hire more nurses and
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doctors it allows them to build more
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beds and it's flexible so if you need a
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nurse and she has a child at home you
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can use these monies indirectly but it's
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allowed to help pay for some child care
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so the new the nurse who had been
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retired or who was not on the job to
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come back right now in this emergency so
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let's go next to unemployment benefits
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you say unemployment on steroids okay a
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worker has been put out of work has lost
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their job over the past week or two
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they're now going to be furloughed they
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can get unemployment benefits for up to
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four months when does that begin I think
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it's almost a bill it begins almost
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immediately for two reasons one we
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greatly reduced the restrictions on
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applying for unemployment it's going to
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be very simple and very easy and second
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we give the states much more money to
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hire people so they can take the new
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loads that are coming we've all heard of
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the inability to get through people call
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they can't get through there are long
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lines that will be able quickly and
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easily to hire people to help people get
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on unemployment quickly let's talk next
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about small business loans I know so
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many small business owners who like you
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say work their entire life to build up
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their small business they've seen it
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wipeout in the past
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of weeks I was talking to an attorney
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yesterday who has about 40-50 businesses
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that he handles he said every one of
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them including huge corporations getting
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wiped out but if you're a small business
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owner if you had let's say a big event
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coming up in April and that's been wiped
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out and and you're facing bankruptcy how
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do you get that relief and how quickly
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can you get that relief again and then
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here ben cardin Marco Rubio have done a
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very very good job jeanne shaheen on our
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side as well have done a very very good
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job here and you get the relief very
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very quickly the loans are at no or low
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interest so you don't have to go
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bankrupt and at the end and your workers
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are all paid by the federal government
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so you get loans to help pay the
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expenses you have with no income coming
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in you know mortgage insurance utilities
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if you have those and you your workers
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are paid for by the SBA and again just
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like unemployment insurance you can do
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it quick and we give much more money so
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they can hire many more people to get
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people to do this so one of the one of
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the better parts of the Bill's one of
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the better changes of the bills was
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converting this slush fund that the
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president could throw wherever he wanted
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to throw it and by the way I would say
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this of a Democratic president a
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Democratic president should have power
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more than a Republican president should
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absolutely nothing to do with Donald
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Trump this has nothing to do with a
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system that's fair to Republicans and
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Democrats alike so you're going to have
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five people on this panel and you're
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also going to have an inspector general
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who appoints those people and how
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quickly do those does that help get out
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to these larger businesses well there's
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the president appoints but it's the
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advise and consent of the Senate so
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there's a real check on them and one of
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the great ways we get accountability is
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making sure the entire loan documents
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are published very quickly so if they
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start doing something untoward you'll
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know about it Joe
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you'll know about it you know very
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shortly thereafter within the maximum of
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two weeks we'll know about it
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and there'll be an outcry and they will
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have to stop doing it I think you know
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Louis D Brandeis I think it was sunlight
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is the greatest disinfectant we throw a
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whole lot of sunlight here and that's a
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great that's really important the old
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bill
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you wouldn't know for six months anybody
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who got the loans etc so this is very
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very important and frankly Elizabeth
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Warren who's had experience with this
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with the tarp helped us had many
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suggestions we incorporated into making
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the accountability provisions which
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leads to my final question which you may
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disagree with but I want to get it out
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there I talked about it earlier how
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important it is that Donald Trump's
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companies be treated just like everybody
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else's companies since there's
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transparency since we will know who gets
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it since you put in those checks and
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balances don't you think it's important
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that Donald Trump and senators and
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congressmen and women's businesses are
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treated the same and are eligible for
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these funds so no one will be encouraged
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to make policy decisions based on
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getting their own businesses you know is
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there any way you can do that I think
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the danger is much greater the other way
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Joe that if they get a financial
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interest then they'll make policy
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decisions leaning and bending in that
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direction look I've always believed I
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think you believe that those who make
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the laws shouldn't directly benefit
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monetarily from those laws we've tried
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to get better and better and better at
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that and this is just another example
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it's not aimed just at Donald Trump but
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at anyone in high office at the same
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time somebody shouldn't be punished
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because they've chosen a life of public
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service and I'm speaking of misses on
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both sides of Congress as well as the
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white house and again if well if they're
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you go bankrupt if their companies go
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out of business then they're susceptible
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to untoward influence is more
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susceptible than before well Joe it's
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not just me who disagrees with you it's
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the founding fathers they have something
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called the emoluments clause which
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disagreed with your philosophy and said
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shouldn't benefit better that's not
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correct though that's two different
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things I agree with you on the
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emoluments clause I certainly agree with
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you that Donald Trump
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uses Hotel in Washington DC to make
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money off of the presidency in this case
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though we're just talking about
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businesses again Senate okay Senators
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Congressmen president business is
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impacted by an act of we'll just call it
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an act of God you and I are you and I
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are gonna have to disagree on that I
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think the danger is the other way okay
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mica senator I'm wondering what
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information that you're taking into your
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office about New York City which looks
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like it's going to be Ground Zero the
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epicenter crisis as it hits the United
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States on par with Italy maybe worse
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potentially a week away from being
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completely overcrowded and already
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stories coming out of hospitals that are
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really quite frankly hard to hear at
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this point it just many are very shocked
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that we are so lacking in our ability to
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keep up with the demand and the help
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that the need for help that is out there
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is there anything more the president can
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do that passion can do to help New York
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get out of this situation yes there is
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the president should implement the
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defense production act I called him I
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was so feeling so urgent about this
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having talked to so many I talked to
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heads of many New York hospitals I've
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talked to the head of the nurses union
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in New York things like that and the
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president should enact the DPA and
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command certain factories which was done
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during World War two Korean War to make
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things that we need he's not doing the
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second I just don't understand why won't
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we do it this is as simple here is my
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experience I called him about a quarter
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of 12 a few nights ago and I said oh no
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this was at 11:00 in the morning it runs
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the days and nights all run into each
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other it was at about 11:00 in the
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morning I said mr. president you ought
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to implement the defense production Act
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just implemented he says yes I will and
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I wasn't there he must have been in the
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Oval Office
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he screams out to someone get the DPA
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implemented by the afternoon he had
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backed off
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I can't figure it out this is something
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we desperately need if you talk to our
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New York healthcare providers they're
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desperate for ventilators they're
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desperate for PP equipment some places
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they don't even have enough swabs so
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they can do the tests when they met
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because they're now getting many more of
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the tests it's inexplicable is the word
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I'd use senator is it is it I mean it's
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the math as simple as this if the
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president would actually enact it and
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focus mobilizing equipment and supplies
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getting to New York less people would
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die and every day that he waits more
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people will die because supplies will
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not get there as fast he should is that
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the better one he should certainly do
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this now we have the second best
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alternative all our hospitals in our
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health care providers throughout the
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country will have large amounts of
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dollars and that will inspire companies
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to start ramping up production of things
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like masks like nasal swabs like tests
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and like ventilators but it would be
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best if the president would do it that's
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for sure New York needs it now New York
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City needs it's not you know ramp up
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supplies wait a few weeks for the
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production of a mayor and actually then
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look at Ceres we're talking about today
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you said I feel your anguish I've talked
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to people in this situation I just can't
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understand why the president doesn't do
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it I can't understand it yeah it is it
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really is shocking it's inexplicable
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senator we have one more question for
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you Jonathan Almir with The Associated
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Press like to ask you a question I know
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this is just now completed it still has
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to go to the house for a vote you know
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we will see the timeline will be rolled
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out the next couple days there's already
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talked that this won't be enough
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how will you and your colleagues there
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make the decision when we make the
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decision as to when you have to
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reconvene to figure out the next
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stimulus package if indeed well look
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this drags over out for weeks and months
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this is a big bold package two trillion
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dollars that's about as much a little
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more than the actual whole federal
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budget and it covers large areas I've
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only been able to mention a few the five
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I've mentioned on this on this brief
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time we have
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but inevitably there are going to be new
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problems that come up inevitably there
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are going to be new things we have to do
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and one of the great one of the great
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anxiety causing parts of this crisis is
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we don't know the future we don't know
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enough I just asked the well-known
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doctor friend of mine not well-known but
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he's are well established and I said can
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you be are you do you establish immunity
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from this after you get it once they
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said we don't know yet as well as the
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isolation you know we New Yorkers love
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to be together
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and we'd have to be separated as you
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mentioned so I think the odds are high
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we're gonna have to do something again
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we have to see in the next few weeks
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what other problems haven't been solved
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this bill is a good bill it doesn't have
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everything I'd like in it and there are
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a few things in it I don't like but
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overall we need it and need it fast it's
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big bold quick relief for the American
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healthcare system and the American
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worker workers first has been the name
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of our proposal which is now in large
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parts in the bill we're voting on today
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all right Chuck Schumer thank you thank
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you thank Martha plan for hospitals and
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workers thank you so much and thank you
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for Republicans and Democrats alike
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working together on this we greatly
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appreciate it thanks for checking out
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MSNBC on YouTube and make sure you
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much for watching
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