Newt Gingrich Talks The Essentials And The Economics Of Coronavirus

Former Speaker of the House Newt Gingrich hosts Newt’s World, where he explores our past, present, and future, so we can understand where we’ve been and where we’re going. In these two episodes, he takes on the coronavirus pandemic, talking with Center for Disease Control Deputy Director of Infectious Diseases, Dr. Jay Butler, about the essentials: what makes this different from other public health emergencies in the past? What should we be doing now to address issues with the global supply chain for tests and medical gear? Then he talks with economists Steve Moore and Charles Payne about how the quarantine protocols will affect the economy, both short-term and long-term. What do they think we should be doing to address the crisis before it becomes a depression?

On this episode, Dr. Butler talks about our response to the coronavirus, discussing the strains in the global supply chain to provide free agents necessary to run coronavirus tests. He tells Newt why there’s a holdup on the test kits, and Newt wonders why we can’t just ramp up production. The CDC is working with the government and the private sector to do just that, he says, but in the meantime, we have to rely on more old-fashioned measures, like hygiene (washing our hands several times a day), social distancing (to minimize the spread of germs, whether you’re symptomatic or not), and sanitizing frequently touched surfaces. Until we have FDA-approved drugs to treat the infection and a vaccine to protect against it, this is the best way to slow the spread of the virus so we don’t put an additional strain on the healthcare system. He and Newt also talk about the volume of testing and other safety measures done in South Korea, which Newt witnessed firsthand, as well as discussing the other, more well-known coronavirus strains, what the test is actually like, and much more.

On this episode, he takes a look at the significant economic impact the quarantine measures will have, both long-term and short term, with Steve Moore and Charles Payne. Steve praises the Trump administration’s policies so far, saying that providing government loans to small businesses is a good way to ensure that they’ll be able to open back up and re-hire their laid-off workers when the time is right. He also pushes a payroll tax cut, saying both business owners and workers save money. Charles says it’s important that the president “go overboard” with the stimulus package, saying the “intangible, psychological effects” of an economic downturn are more detrimental to the economy in the long run. They also discuss capital gains taxes, airlines and cruise companies, student loan debt refinancement, and many other potential policies; listen to Newt’s World for more.

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