Economists have been moving up their forecasts for unemployment as new data shows how the recession is hitting lower income Americans and women. Morning Joe economic analyst Steve Rattner discusses. Aired on 05/15/2020.
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How The Recession Is Hitting Lower Income Americans And Women | Morning Joe | MSNBC
This was the worst time to have a president with no vision, no ideas, and many failed bankrupt businesses. Trump Steaks, Trump Airlines, Trump University and there are more failed businesses, why if he can’t manage 400million inheritance would he be able to manage our economy? Trump failed!
$1,200 stimulus exactly a month ago. Bills are due again wft
@Anne Liesveld , this makes me laugh! Why is it okay to give trillions to big businesses, banks, the car industry and the stock market, but wrong to help the average America citizents! I have been paying into FICA for the last 40 years of my life, and yet, Social Security and Medicare will be insolvent by the time I turn 67. I whether receive a full refund of the FICA to reinvest in something of value. The United States stinks.
@Anne Liesveld 👄And if family is in the same boat?! You obviously have not thought you comment through!!!
almost 50,000 millionaires received 1 million dollars gift from trump, but of course you serfs need to go back out to work, brave a deadly virus and pay your taxes to replenish the coffers trump and his thugs raided.
@David Gainey idk ANYBODY getting $4000..most who have applied for unemployment havent even seen a dime yet..you my dear..are clueless
CherBear lol ok snow flake my corporation furloughed my Dept and I got 900 for the one week I was out and the money was direct deposit can’t help anyone else
Low income people suffering most under republicans. Who would have thought?
“Who knew?”
@North Guy sarcasm.
I am surprised that health care is hit, but I suspect people working for a dentist, walk in clinic, walk in lab, etc are see very low business. I was going to see the dentist and have a physical, but will take a pass till a vaccine because it isn’t that important Going to a potential place where people I don’t know congregate by design I am keeping away from unless it is essential. My case is an antidotal reason why unemployment is staying where it is, if a drug drops the death count statistic drops from current 1 in 20 to 1 in 100 I would change my attitude but may continue to put off those health care visits.
so in Chicago which has been under demmy control for ever, how are they doing with murders, education, bettering job prospects etc etc
@David Goldman Well they’re alive, which is a prerequisite for all the other things. But u know what, even if they’re no better off, that wouldn’t change the fact that trump is turning America into a dictatorship and banana republic, and his cult following are cheering every step of the way as he sells them down the river.
I wish,I wish ,I wish this was not happening. I am a Canadian we are jus starting to slowly open our province. Schools will still be closed. I’m not sure how our government is going to exactly go about it. I hope your lives go back to normal soon but slow and safely. Good luck to you all.
I wish, I wish, I wish I were a Canadian citizen right now. Thank you for your prayers, we are in trouble with the current leadership in this country. The world feels sorry for the US right now and that says alot about this country and its not good. Good luck everyone.
Dear Canada, please open your southern border soon! I want to come over!! – Sincerely, I’ll bring beer 🍻
@Carissa Howell I think we will be working on that soon! In the meantime we can only hope and pray or however we do things to just be able to live our lives the best we can. And when all this does change we will never forget what can happen in our small but very big world.
And to you, princess.
Blessings to you and thank you✌❤😊
Mitch is old he won’t be here for long especially at this time
@Carissa Howell im down!!!
@Dirk Digler LOL!
McConnell will haunt us with all the conservative judges he slipped into the court system .
I PRAY HE GOES
Two Boomers that need to be Remover by the virus are TRUMP and Moscow Mitch
Trump gave trillions to his rich buddies, who promised to let some of it trickle down to the rest. “I take no responsibility.”
Thats Funny Nancy P was trying to give trillions to her elite friends and toss american workers crumbs look at the bill yourself. Dems are Screwing Americans Not the Republicans this time use youre brains and don’t listen to Dem run fake news
@Mike Cash I’m loving it watching you fight, while I wait for a complete collapse of USA. Please keep fighting.
@꧁T͓̽i͓̽t͓̽t͓̽y͓̽F͓̽r͓̽o͓̽s͓̽t͓̽e͓̽r͓̽M͓̽c͓̽D͓̽r͓̽a͓̽m͓̽a͓̽꧂ Fight? I thought this was a comedy show.
Collapse??? Don’t judge US via this hatefest. We will be riding high by June, the economy will be booming, the debt will be “paid”, and hopefully, these clown’s bettors will be in gitmo.
@Mike Cash 50 vs 50 a great show.
Obama gifted trillions to Communist China because they told him they “rike him velly much”.
We HAVE to give Millionaires, Billionaires and Corporations major tax’s breaks so we can screw the people that actually pay the bills.
The Republican mentality since Nixon was in the White House.
America, loves the pain you’re in! LKOL
WE’VE ALWAYS HAD THAT IN THIS COUNTRY. ONE OF THEM IS NAMED SUSAN WOJCICKI.
So true
This is my second recession already. America is broken.
It’s my third. 1987 was my first. Isn’t rampant capitalism fun!!
Recessions have no effect on me whatsoever . I just carry on doing exactly the same thing .
@Count Dracula Unfortunately, many who lost their jobs & homes aren’t undead vampires…😈👎
@Fahim Ahmad ha ha . 99% of humans are slaves . Look at this now .. 2 months without a pay check and everyone is suicidal .
They have nothing while in the prime of their lives and only when they are older do they have some money .
Back to front if you ask me . Have money while you’re young and little when you get older .
@Count Dracula u would know, Vlad… 🤣
A recession is hitting low income people?
You don’t say!
Ha
Don’t.fall.for.the.bs.people.its.
Time.to.send.a.message
Vote.they.dont.care.about
Poor.people2020
I believe thats a first
I know right!😳
Has there ever been a recession where the wealthy was hurt and the poor benefited
👄Yeah! In ’29, they wealthy, at losing their wealth, were jumping out of windows!!!
@Rene Curry Those were the stockbrokers. The traders. The rich hide in their ivory towers and rarely show their faces…
No. Its better to fire your workers to protect the wealth you have. Isn’t rampant capitalism fun!!
We’re waiting on a second call back! We need another stimulus check, what are the Republicans going to do to help Americans through this pandemic!
BLAME PELOSI WHO WANTS THE COUNTRY SHUT DOWN FOR MAIL IN VOTERS. NOW YOU CAN DELETE SUSAN.
@mike briganti 👄STFU!! trump bot…deliberately ignorant…listening to BS talking points!!!
@mike briganti It’s Pelosi and the Dems who are helping the country and try to get more to help those in need. Mitch McConnell and the GOP are not the ones they just have to OK it, just like the Toddler in Chief in office.
By the way neither I nor my husband got a check. Due to owed medical bills that went into collection and the money went to help pay the collection we owed.
Back child support and medical collectors get the money stimulus check money. Sad but true.
And it NEEDS to be more than $1200
@Bernice Henson Bernice..in this new stim package they put in that bill collectors are NOT allowed to touch your money..good luck..im sorry..my bro got hit by the irs for back taxes from 2013😕
tRUmp’s a crazy 💩
#RememberTheDead
VOTE ALL BLUE 2020
you mean creepy joe biden?
Chriss S …. and you know Biden exactly HOW?
How you know Trump is a sociopath. He is trying to cut food stamps in the middle of a recession caused by a pandemic.
OH IS THAT WHAT HE DIDNT. YOUR CLUELESS.
He’s tried at the beginning of the epidemic here. That’s really dumb because, 1) poor Americans and children need food, and 2) SNAP is a great way to enhance the business of farmers, supermarkets, food processors and distributors, etc. This work moves all kinds of money through a slow economy.
@mike briganti It’s at the SCOTUS look it up
Cuomo just cut billions per year from Medicaid. Neoliberal Dems and Republicans are economically and militarily identical.
I pray all these people will vote in November. He needs to go…
I think trump is hoping the employed will die off before the November election.
hmxr i been saying the same thing
👄The “unemployed!!”
Rene Curry yes, them too.
40,000,000 OF WORK__LETS BAIL OUT WALL STREET
87,000 DEAD__OK BREAK IS OVER, BACK TO WORK
KILLING THE WORKER IS NOT PROFITABLE
STAND TOGETHER & DEMAND CHANGES
Either way USA is collapsing and its a dream come true.
Mitch McConnell and the Do Nothing GOP.
We the low income people give everything we have got… pay our taxes etc, and what do we get back in a time of crisis (Resistance form our president) and we need honesty and respect for all workers. We need unions back in our country to represent the workers!!!
BLAME PELOSI PACO. SHE WANTS THE COUNTRY SHUT DOWN SO NO JOBS!!!
mike briganti what does it matter what some old lady wants. All the questions are aimed squarely at the government
36 million unemployed
Sounds like a great army
Bring your pitch forks
Let’s storm the White House
And get rid of the virus that’s invaded the White House
Day? Time? I’ll buy a pitchfork.
It will be a great army, and they will use it to fight whatever bogeyman (probably China) they come up with, next.
Just vote all those idiots out of office in November.
“A woman is like a tea bag – you can’t tell how strong she is until you put her in hot water.” ~Eleanor Roosevelt
I’m sure it was the women of France who went to tear the gates off the Palace because they had no bread. Guillotine anyone?
You fools, now we know your achilles heel is desserts AND deserts.
Reagan started the whole Repug farce about “TRICKLE-DOWN Tax Cuts”…It hasn’t worked in 40 years…. VOTE BLUE !!!
Republicans are just like Scientologists at this point. pffft.
Most Democrats are also for trickle-down!
@Cyrus992 No, not most. There may be a few dems who drank that cool-aid for whatever reason.
isaachaze1 Not most? Like who? Pelosi? Feinstein? Schumer? Obama? Clinton?
Democrats in 2016: “If Trump is elected, he is going to get us in a recession”
Republicans in 2018: “Democrats kept whining that President Trump is going to get us in a recession, well they were wrong and it’s very unlikely that will happen”
May 15, 2020: We are now in a recession.