IT COSTS NOTHING.
IT COSTS NOTHING. IT HELPS.
IT HELPS.OTHING
IT HELPS.OTHING IT HELPS
>>> LISTEN UP, THE WHITE HOUSE
>>> LISTEN UP, THE WHITE HOUSE IS NOW CONSIDERING A $1 TRILLION
IS NOW CONSIDERING A $1 TRILLION PACKAGE TO COMBAT THE DISASTROUS
PACKAGE TO COMBAT THE DISASTROUS EFFECTS OF THE CORONAVIRUS ON
EFFECTS OF THE CORONAVIRUS ON OUR ECONOMY.
OUR ECONOMY. $250 BILLION OF THAT WOULD BE
$250 BILLION OF THAT WOULD BE USED FOR DIRECT PAYMENTS TO
USED FOR DIRECT PAYMENTS TO AMERICANS, BUT ONE PART OF THE
AMERICANS, BUT ONE PART OF THE PLAN IS ALREADY DRAWING A LOT OF
PLAN IS ALREADY DRAWING A LOT OF SHARP CRITICISM.
SHARP CRITICISM. INDUSTRY BAILOUTS WITH ROUGHLY
INDUSTRY BAILOUTS WITH ROUGHLY $50th BILLION GOING TO HELP THE
$50th BILLION GOING TO HELP THE AIRLINE INDUSTRY ALONE.
AIRLINE INDUSTRY ALONE. JOINING US IS MARK CUBAN, OTHER
JOINING US IS MARK CUBAN, OTHER THAN OF THE MAVERICKS, AND TODD
THAN OF THE MAVERICKS, AND TODD GRAVES IS HERE, HE WAS PART OF
GRAVES IS HERE, HE WAS PART OF THE WHITE HOUSE’S CALL WITH
THE WHITE HOUSE’S CALL WITH RESTAURANT EXECUTIVES YESTERDAY.
RESTAURANT EXECUTIVES YESTERDAY. MAYOR MICHAEL TUBBS IS WITH US
MAYOR MICHAEL TUBBS IS WITH US OF STOCKTON, CALIFORNIA, AND BEN
OF STOCKTON, CALIFORNIA, AND BEN WHITE, POLITICO’S CHIEF ECONOMIC
WHITE, POLITICO’S CHIEF ECONOMIC CORRESPONDENT.
CORRESPONDENT. MR. CUBAN, WE MUST GO TO YOU
MR. CUBAN, WE MUST GO TO YOU FIRST.
FIRST. IN THE LAST WEEK YOU HAVE DONE
IN THE LAST WEEK YOU HAVE DONE SO MUCH FOR LOCAL BUSINESSES, IN
SO MUCH FOR LOCAL BUSINESSES, IN TEXAS, EVEN LAST NIGHT URGING
TEXAS, EVEN LAST NIGHT URGING PEOPLE TO REACH OUT FOR SMALL
PEOPLE TO REACH OUT FOR SMALL BUSINESS LOANS, BUT YOU HAVE
BUSINESS LOANS, BUT YOU HAVE SHARPLY CRITICIZED THIS IDEA OF
SHARPLY CRITICIZED THIS IDEA OF CORPORATE BAILOUTS.
CORPORATE BAILOUTS. I’M NOT AGAINST CORPORATE
I’M NOT AGAINST CORPORATE BAILOUTS.
BAILOUTS. I THINK WE’RE IN A NEW NEW
I THINK WE’RE IN A NEW NEW NORMAL RIGHT NOW, LIFE IS
NORMAL RIGHT NOW, LIFE IS DIFFERENT.
DIFFERENT. OUR NUMBER ONE PRIORITY SHOULD
OUR NUMBER ONE PRIORITY SHOULD BE SUPPORTING COMPANIES WHO
BE SUPPORTING COMPANIES WHO RETAIN THEIR EMPLOYEES.
RETAIN THEIR EMPLOYEES. WE HAVE TO DO ALL WE CAN TO
WE HAVE TO DO ALL WE CAN TO PREVENT FIRINGS AND LAYOVERS.
PREVENT FIRINGS AND LAYOVERS. IF THAT MEANS BAILOUTS,
IF THAT MEANS BAILOUTS, SUBSIDIES, SPECIAL PRICED LOANS,
SUBSIDIES, SPECIAL PRICED LOANS, I’M ALL FOR IT, BLUE WHEN WE
I’M ALL FOR IT, BLUE WHEN WE NEGOTIATE THOSE DEALS, WE HAVE
NEGOTIATE THOSE DEALS, WE HAVE TO BE COGNIZANT THIS IS A UNIQUE
TO BE COGNIZANT THIS IS A UNIQUE OPPORTUNITY FOR US TO DO
OPPORTUNITY FOR US TO DO SOMETHING THAT ADDRESSING INCOME
SOMETHING THAT ADDRESSING INCOME INEQUALITY.
INEQUALITY. WHAT I WANT IS ANYTHING THAT WE
WHAT I WANT IS ANYTHING THAT WE DO THAT BENEFITS AN EXECUTIVE,
DO THAT BENEFITS AN EXECUTIVE, WE NEED TO DO THE EXACT SAME
WE NEED TO DO THE EXACT SAME THING TO BENEFIT THE HOURLY
THING TO BENEFIT THE HOURLY WORKER OR THE LOWEST PAID WORKER
WORKER OR THE LOWEST PAID WORKER AT THAT COMPANY.
AT THAT COMPANY. TWO YEARS FROM NOW WHEN WE’RE
TWO YEARS FROM NOW WHEN WE’RE LOOKING BACK ON ALL OF THIS,
LOOKING BACK ON ALL OF THIS, WE’LL SAY WHY DON’T WE USE THIS
WE’LL SAY WHY DON’T WE USE THIS AS A CHANCE TO HELP THE EVERYDAY
AS A CHANCE TO HELP THE EVERYDAY WORKER.
WORKER. I JUST WANT TO GET AHEAD OF
I JUST WANT TO GET AHEAD OF THAT.
THAT. SO, YOU KNOW, WE JUST NEED --
SO, YOU KNOW, WE JUST NEED -- THIS IS THE TIME TO ADDRESS IT.
THIS IS THE TIME TO ADDRESS IT. >> DO WE NEED TO LOOK MORE
>> DO WE NEED TO LOOK MORE CLOSELY AT WHAT KIND OF
CLOSELY AT WHAT KIND OF INDUSTRIES WE GIVE ASSISTANCE
INDUSTRIES WE GIVE ASSISTANCE TO?
TO? WHEN YOU LOOK AT THE AIRLINE
WHEN YOU LOOK AT THE AIRLINE INDUSTRY, ONE OF THE REASONS
INDUSTRY, ONE OF THE REASONS THEY DON’T HAVE CUSHION IS
THEY DON’T HAVE CUSHION IS BECAUSE THEY HAVE SPENT SO MUCH
BECAUSE THEY HAVE SPENT SO MUCH IN THE LAST FEW YEARS ON
IN THE LAST FEW YEARS ON CORPORATE BUYBACKS.
CORPORATE BUYBACKS. OR THE CRUISE INDUSTRY THEY’RE
OR THE CRUISE INDUSTRY THEY’RE NOT PAYING BIG U.S. CORPORATE
NOT PAYING BIG U.S. CORPORATE TAXES LIKE A LOT OF COMPANIES
TAXES LIKE A LOT OF COMPANIES HERE, THEY’RE DOMICILED IN
HERE, THEY’RE DOMICILED IN PLACES LIKE LIBERIA AND PANAMA.
PLACES LIKE LIBERIA AND PANAMA. >> TWO DIFFERENT QUESTIONS
>> TWO DIFFERENT QUESTIONS THERE.
THERE. ONE, THE FACT THEY DID BUYOUTS,
ONE, THE FACT THEY DID BUYOUTS, IF YOU SAY WE’RE GOING TO
IF YOU SAY WE’RE GOING TO EXCLUDE THEM, YOU’RE KILLING ALL
EXCLUDE THEM, YOU’RE KILLING ALL THE PEOPLE WHO WORK FOR THEM.
THE PEOPLE WHO WORK FOR THEM. YOU’RE GUARANTEEING THEY ALL
YOU’RE GUARANTEEING THEY ALL LOSE THEIR JOBS, SO THIS ISN’T
LOSE THEIR JOBS, SO THIS ISN’T ABOUT THEM.
ABOUT THEM. THIS IS ABOUT SUPPORTING,
THIS IS ABOUT SUPPORTING, HELPING COMPANIES RETAIN THEIR
HELPING COMPANIES RETAIN THEIR EMPLOYEES SO YOU CAN HELP THE
EMPLOYEES SO YOU CAN HELP THE EMPLOYEE.
EMPLOYEE. WHAT YOU DO AS PART OF THAT,
WHAT YOU DO AS PART OF THAT, SINCE THE GOVERNMENT IS REDUCING
SINCE THE GOVERNMENT IS REDUCING IF NOT ELIMINATING THE RISKS IN
IF NOT ELIMINATING THE RISKS IN THE OPERATION FOR SOME PERIOD,
THE OPERATION FOR SOME PERIOD, YOU NEED TO MAKE SURE IF AN EXEC
YOU NEED TO MAKE SURE IF AN EXEC IS AWARDED A STOCK OPTION OR
IS AWARDED A STOCK OPTION OR WARRANT OR GRANTED STOCK,
WARRANT OR GRANTED STOCK, WHATEVER YOU DO FOR THEM,
WHATEVER YOU DO FOR THEM, PROPORTIONALLY YOU DO THE SAME
PROPORTIONALLY YOU DO THE SAME THING FOR EVERYONE ELSE ON THE
THING FOR EVERYONE ELSE ON THE PAYROLL.
PAYROLL. THAT’S THE KEY.
THAT’S THE KEY. I’M NOT DOGMATIC AGAINST
I’M NOT DOGMATIC AGAINST BAILOUTS OR LOANS OR SUBSIDIES
BAILOUTS OR LOANS OR SUBSIDIES AT THIS POINT IN TIME.
AT THIS POINT IN TIME. WE’RE IN A NEW WORLD WE HAVE
WE’RE IN A NEW WORLD WE HAVE NEVER SEEN BEFORE, BUT WE NEED
NEVER SEEN BEFORE, BUT WE NEED TO PRIORITIZE EVERYBODY BEING
TO PRIORITIZE EVERYBODY BEING SUPPORTED EQUALLY.
SUPPORTED EQUALLY. WE NEED TO USE THIS AS AN
WE NEED TO USE THIS AS AN OPPORTUNITY TO REDUCE INCOME
OPPORTUNITY TO REDUCE INCOME INEQUALITY.
INEQUALITY. THAT NEEDS TO BE JOB NUMBER
THAT NEEDS TO BE JOB NUMBER ONE -- GET PEOPLE TO KEEP THEIR
ONE -- GET PEOPLE TO KEEP THEIR JOBS AND HELP LIFT PEOPLE UP
JOBS AND HELP LIFT PEOPLE UP WHERE WE CAN.
WHERE WE CAN. BY THOSE PEOPLE RETAINING THEIR
BY THOSE PEOPLE RETAINING THEIR JOBS, THEY’RE GOING TO HELP
JOBS, THEY’RE GOING TO HELP SUPPORT US WHEN HOPEFULLY WE CAN
SUPPORT US WHEN HOPEFULLY WE CAN GET THE ECONOMY STABILIZED AND
GET THE ECONOMY STABILIZED AND MOVING FORWARD, HOPEFULLY JUST
MOVING FORWARD, HOPEFULLY JUST SIX MONTHS FROM NOW.
SIX MONTHS FROM NOW. >> THIS IS A TIME WHEN WE COULD
>> THIS IS A TIME WHEN WE COULD BE MOVING TO MORE INCLUSIVE
BE MOVING TO MORE INCLUSIVE CONSCIOUS CAPITALISM.
CONSCIOUS CAPITALISM. >> ABSOLUTELY.
>> ABSOLUTELY. >> TODD YOU HAVE NEARLY 500
>> TODD YOU HAVE NEARLY 500 LOCATION, DRIVE-THRUS AT THE
LOCATION, DRIVE-THRUS AT THE LOCATIONS SO PEOPLE CAN DRIVE,
LOCATIONS SO PEOPLE CAN DRIVE, PICK UP FOOD.
PICK UP FOOD. SOME CHAIN RESTAURANTS HAVE
SOME CHAIN RESTAURANTS HAVE APPS.
APPS. YOU HAVE THE BENEFIT OF BEING
YOU HAVE THE BENEFIT OF BEING PART OF THE WHITE HOUSE CALL
PART OF THE WHITE HOUSE CALL YESTERDAY.
YESTERDAY. THE ACCOMMODATIONS THAT ARE
THE ACCOMMODATIONS THAT ARE BEING MADE, ARE THEY GOING TO
BEING MADE, ARE THEY GOING TO HELP SMALL MOM-AND-POP
HELP SMALL MOM-AND-POP RESTAURANTS THAT DON’T HAVE
RESTAURANTS THAT DON’T HAVE DRIVE-THRUS OR APPS?
DRIVE-THRUS OR APPS? >> UNFORTUNATELY THE PRESIDENT
>> UNFORTUNATELY THE PRESIDENT DIDN’T GET TO THAT ON OUR BRIEF
DIDN’T GET TO THAT ON OUR BRIEF CALL YESTERDAY.
CALL YESTERDAY. THE CALL INVOLVED ABOUT 23 OF
THE CALL INVOLVED ABOUT 23 OF SOME OF THE LARGEST RESTAURANT
SOME OF THE LARGEST RESTAURANT COMPANIES IN THE COUNTRY, AND
COMPANIES IN THE COUNTRY, AND ALSO THE INTERNATIONAL FRANCHISE
ALSO THE INTERNATIONAL FRANCHISE ASSOCIATION.
ASSOCIATION. HE WAS CONCERNED AND MAKING SURE
HE WAS CONCERNED AND MAKING SURE THAT SOME OF THESE LARGEST
THAT SOME OF THESE LARGEST RESTAURANT COMPANIES WERE READY
RESTAURANT COMPANIES WERE READY TO FEED THE PUBLIC FOOD-SAFE
TO FEED THE PUBLIC FOOD-SAFE PRODUCT AND PRACTICING SOCIAL
PRODUCT AND PRACTICING SOCIAL DISCIPLINE.
DISCIPLINE. HE DID SAY THE ECONOMIC PACKAGE,
HE DID SAY THE ECONOMIC PACKAGE, HE DIDN’T GET INTO ANY DETAILS,
HE DIDN’T GET INTO ANY DETAILS, BUT DID SAY OUR INDUSTRY WAS
BUT DID SAY OUR INDUSTRY WAS GOING TO LIKE IT A LOT.
GOING TO LIKE IT A LOT. I CAN’T REMEMBER HIS EXACT
I CAN’T REMEMBER HIS EXACT QUOTE, BUT ANXIOUSI AWAITING
QUOTE, BUT ANXIOUSI AWAITING THAT.
THAT. COMPANIES LIKE US THAT DO HAVE
COMPANIES LIKE US THAT DO HAVE CALL THAT DO HAVE LARGE CREDIT
CALL THAT DO HAVE LARGE CREDIT LINES, WE’RE GOING TO MAKE IT
LINES, WE’RE GOING TO MAKE IT THROUGH THIS.
THROUGH THIS. MY HEART GOES OUT TO THE SMALL
MY HEART GOES OUT TO THE SMALL BUSINESSES.
BUSINESSES. SMALL BUSINESS WE KNOW IS THE
SMALL BUSINESS WE KNOW IS THE BACKBONE OF OUR ECONOMY.
BACKBONE OF OUR ECONOMY. THE RESTAURANT SECTOR IS A HUGE
THE RESTAURANT SECTOR IS A HUGE PART OF THAT.
PART OF THAT. I THINK WE’RE ONE OF THE TOP
I THINK WE’RE ONE OF THE TOP EMPLOYERS IN THE COUNTRY, AND SO
EMPLOYERS IN THE COUNTRY, AND SO I STARTED MY BUSINESS 25 YEARS
I STARTED MY BUSINESS 25 YEARS AGO HAVING A COMMERCIAL FISH IN
AGO HAVING A COMMERCIAL FISH IN ALASKA, I KNOW HOW HARD IT IS TO
ALASKA, I KNOW HOW HARD IT IS TO START A STRAUB AND HOW HARD IT
START A STRAUB AND HOW HARD IT IS TO KEEP A RESTAURANT GOING.
IS TO KEEP A RESTAURANT GOING. A LOT OF PEOPLE DON’T KNOW THIS,
A LOT OF PEOPLE DON’T KNOW THIS, BUT A RESTAURANT HAS TO MAKE
BUT A RESTAURANT HAS TO MAKE SMALL MARGES OFF OF VERY LARGE
SMALL MARGES OFF OF VERY LARGE VOLUMES.
VOLUMES. A LOT OF THESE SMALLER
A LOT OF THESE SMALLER RESTAURANTS, INDEPENDENT
RESTAURANTS, INDEPENDENT RESTAURANTS, THEY LIVE -- THEY
RESTAURANTS, THEY LIVE -- THEY GO THROUGH ALL THEIR VOLUMES,
GO THROUGH ALL THEIR VOLUMES, THEY MAY MAKE FIVE CENTS ON THE
THEY MAY MAKE FIVE CENTS ON THE DOLLAR, AND THAT’S BEFORE TAX.
DOLLAR, AND THAT’S BEFORE TAX. THEY LIVE WEEK TO WEEK, MONTH TO
THEY LIVE WEEK TO WEEK, MONTH TO MONTH, BUT THEY DO A GREAT JOB
MONTH, BUT THEY DO A GREAT JOB OF SERVING THE PUBLIC AND TAKING
OF SERVING THE PUBLIC AND TAKING CARE OF THEIR EMPLOYEES.
CARE OF THEIR EMPLOYEES. A HUGE SECTOR HERE.
A HUGE SECTOR HERE. THEY ARE GOING TO NEED HELP.
THEY ARE GOING TO NEED HELP. I’VE BEEN ON THE PHONE FOR THE
I’VE BEEN ON THE PHONE FOR THE LAST TWO WEEKS WITH COUNTLESS
LAST TWO WEEKS WITH COUNTLESS RESTAURANTS, BOTH LARGE AND
RESTAURANTS, BOTH LARGE AND SMALL, FRANCHISE, INDEPENDENTS,
SMALL, FRANCHISE, INDEPENDENTS, THESE RESTAURANTS THAT DON’T
THESE RESTAURANTS THAT DON’T HAVE THIS RESERVE CASH, THEY
HAVE THIS RESERVE CASH, THEY DON’T HAVE THIS ACCESS TO CREDIT
DON’T HAVE THIS ACCESS TO CREDIT LINES, THEY’RE TERRIFIED.
LINES, THEY’RE TERRIFIED. THEY’RE BEING GOOD AND STRONG
THEY’RE BEING GOOD AND STRONG LEADERS, BUT HAVING TO FURLOUGH
LEADERS, BUT HAVING TO FURLOUGH EMPLOYEES.
EMPLOYEES. LAST MIGHT MORE PEOPLE SAYING I
LAST MIGHT MORE PEOPLE SAYING I HAVE TO DO THIS TOMORROW.
HAVE TO DO THIS TOMORROW. ALL THESE EMPLOYEES NOT WITH
ALL THESE EMPLOYEES NOT WITH INCOME COMING IN, THESE
INCOME COMING IN, THESE BUSINESSLESS GO OUT OF BUSINESS.
BUSINESSLESS GO OUT OF BUSINESS. THEY DO NEED A LOT OF HELP RIGHT
THEY DO NEED A LOT OF HELP RIGHT NOW.
NOW. >> MAYOR TUBBS, LET AS TALK
>> MAYOR TUBBS, LET AS TALK ABOUT THAT HELP.
ABOUT THAT HELP. THIS IDEA HAS BEEN FLOATED TO
THIS IDEA HAS BEEN FLOATED TO WRITE A CHECK TO THE PEOPLE.
WRITE A CHECK TO THE PEOPLE. UNIVERSAL BASIC INCOME IS
UNIVERSAL BASIC INCOME IS SOMETHING YOU’VE DONE IN
SOMETHING YOU’VE DONE IN STOCKTON.
STOCKTON. TELL US HOW IT WORKS.
TELL US HOW IT WORKS. ABSOLUTELY.
ABSOLUTELY. >> I THINK AS YOU HEARD FROM
>> I THINK AS YOU HEARD FROM THOSE ON THE SEGMENT, JUST
THOSE ON THE SEGMENT, JUST THROUGHOUT THAT THE AMERICAN
THROUGHOUT THAT THE AMERICAN PEOPLE ARE SUFFERING THROUGH
PEOPLE ARE SUFFERING THROUGH THIS PANDEMIC.
THIS PANDEMIC. RIGHT NOW ONE IN -- COULD NOT
RIGHT NOW ONE IN -- COULD NOT AFFORD A $500 EMERGENCY.
AFFORD A $500 EMERGENCY. THAT WILL BE EXACERBATED.
THAT WILL BE EXACERBATED. IN STOCKTON, WE HAVE A BASIC
IN STOCKTON, WE HAVE A BASIC INCOME DEMONSTRATIONS FROM
INCOME DEMONSTRATIONS FROM FAMILIES HAVE BEEN GIVEN $500 A
FAMILIES HAVE BEEN GIVEN $500 A LOT FOR THE LAST 18 MONTHS.
LOT FOR THE LAST 18 MONTHS. WHAT WE HAVE SEEN IS FOLKS ARE
WHAT WE HAVE SEEN IS FOLKS ARE USING THE MONEY TO PAY FOR FOOD,
USING THE MONEY TO PAY FOR FOOD, PAY FOR UTILITIES, TAKE CARE OF
PAY FOR UTILITIES, TAKE CARE OF FAMILY MEMBERS, ET CETERA.
FAMILY MEMBERS, ET CETERA. I THINK IT’S INCUMBENT ON
I THINK IT’S INCUMBENT ON CONGRESS AND THE PRESIDENT TO
CONGRESS AND THE PRESIDENT TO MAKE SURE WE GET TECHS OUT AND
MAKE SURE WE GET TECHS OUT AND HELP OUT THE PEOPLE THAT’S FAST
HELP OUT THE PEOPLE THAT’S FAST AND IMMEDIATE, AND ALSO THAT CAN
AND IMMEDIATE, AND ALSO THAT CAN BE LASTING.
BE LASTING. IT LAS TO LAST AT LEAST AS LONG
IT LAS TO LAST AT LEAST AS LONG AS THIS PANDEMIC.
AS THIS PANDEMIC. A MAJORITY OF AMERICANS WERE IN
A MAJORITY OF AMERICANS WERE IN AN ECONOMIC CRISIS BEFORE THIS.
AN ECONOMIC CRISIS BEFORE THIS. MR. CUBAN, THIS POINT OF VIEW ON
MR. CUBAN, THIS POINT OF VIEW ON THE CASH PAYMENTS FOR AMERICANS?
THE CASH PAYMENTS FOR AMERICANS? >> NOT A FAN.
>> NOT A FAN. TO TODD’S POINT ABOUT PEOPLE
TO TODD’S POINT ABOUT PEOPLE ABOUT TO FURLOUGH PEOPLE, THEY
ABOUT TO FURLOUGH PEOPLE, THEY NEED CASH IN THEIR POCKETS, WITH
NEED CASH IN THEIR POCKETS, WITH THE REQUIREMENT THEY NEED TO
THE REQUIREMENT THEY NEED TO CONTINUE PAYING EMPLOYEES.
CONTINUE PAYING EMPLOYEES. EVEN IF IT’S -- I’M NOT A FAN
EVEN IF IT’S -- I’M NOT A FAN YOU UBI JUST FOR EVERYBODY, BUT
YOU UBI JUST FOR EVERYBODY, BUT IF IT GOES THROUGH THE EMPLOYERS
IF IT GOES THROUGH THE EMPLOYERS SO THEY CAN RETAIN PEOPLE, I’M A
SO THEY CAN RETAIN PEOPLE, I’M A FAN OF THAT.
FAN OF THAT. FOR THOSE PEOPLE ON PUBLIC
FOR THOSE PEOPLE ON PUBLIC ASSISTANCE, YOU JUST LOST YOUR
ASSISTANCE, YOU JUST LOST YOUR JOB, YOU’RE NOT GETTING PUBLIC
JOB, YOU’RE NOT GETTING PUBLIC ASSISTANCE, I HAVE NO PROBLEM
ASSISTANCE, I HAVE NO PROBLEM GIVING THEM MORE MONEY, GIVING
GIVING THEM MORE MONEY, GIVING THEM A BONUS CHECK, IF YOU WILL,
THEM A BONUS CHECK, IF YOU WILL, BECAUSE YOU JUST STARTED ON
BECAUSE YOU JUST STARTED ON PUBLIC ASSISTANCE, INCREASING
PUBLIC ASSISTANCE, INCREASING THE AMOUNT OF MONEY FOR THOSE
THE AMOUNT OF MONEY FOR THOSE ALREADY ON PUBLIC ASSISTANCE,
ALREADY ON PUBLIC ASSISTANCE, BUT THOSE ARE TWO INDEPENDENT
BUT THOSE ARE TWO INDEPENDENT BUCKETS.
BUCKETS. THE NUMBER ONE PRIORITIES LAS TO
THE NUMBER ONE PRIORITIES LAS TO HELP THE SMALL RESTAURANTS
HELP THE SMALL RESTAURANTS LIVING HAND TO MOUTH, ALL
LIVING HAND TO MOUTH, ALL COMPANIES LIVING HAND TO MOUTH,
COMPANIES LIVING HAND TO MOUTH, BECAUSE WE WANT TO KEEP PEOPLE
BECAUSE WE WANT TO KEEP PEOPLE EMPLOYED.
EMPLOYED. IF THE GOVERNMENT IS WRITING
IF THE GOVERNMENT IS WRITING CHECKS TO EMPLOYER EVEN IF
CHECKS TO EMPLOYER EVEN IF THEY’RE JUST SITTING AROUND
THEY’RE JUST SITTING AROUND DOING NOTHING, THAT’S WHERE I
DOING NOTHING, THAT’S WHERE I WOULD PRIORITIZE THAT MONEY
WOULD PRIORITIZE THAT MONEY GOING.
GOING. >>> TODD, WHAT IS YOUR POINT OF
>>> TODD, WHAT IS YOUR POINT OF VIEW?
VIEW? AN ARGUMENT RIGHT NOW TO WRITE
AN ARGUMENT RIGHT NOW TO WRITE THESE CHECKS IS TO ALSO KEEP
THESE CHECKS IS TO ALSO KEEP THEM SAFE.
THEM SAFE. WE HAVE A LOT OF LOW WAGE
WE HAVE A LOT OF LOW WAGE WORKERS WHO ARE NOT LOSING THEIR
WORKERS WHO ARE NOT LOSING THEIR JOBS, BUT THEY DON’T HAVE PAID
JOBS, BUT THEY DON’T HAVE PAID LEAVE.
LEAVE. MAYBE THEY HAVE KIDS AT HOME OR
MAYBE THEY HAVE KIDS AT HOME OR FEELING A BIT SICK, AND IF THE
FEELING A BIT SICK, AND IF THE OPTION IS TO GO TO WORK AND KEEP
OPTION IS TO GO TO WORK AND KEEP FOOD ON THE TABLE OR STAY HOME
FOOD ON THE TABLE OR STAY HOME AS AN EXTRA PRECAUTION, A LOT OF
AS AN EXTRA PRECAUTION, A LOT OF PEOPLE WILL GO TO WORK.
PEOPLE WILL GO TO WORK. ABSOLUTELY, RIGHT?
ABSOLUTELY, RIGHT? IT WILL HELP IF THESE PEOPLE DO
IT WILL HELP IF THESE PEOPLE DO HAVE INCOME, AND IF PEOPLE ARE
HAVE INCOME, AND IF PEOPLE ARE SICK, PEOPLE NEED TO STAY HOME.
SICK, PEOPLE NEED TO STAY HOME. IF THEY END UP HAVING SYMPTOMS
IF THEY END UP HAVING SYMPTOMS FOR THE CORONAVIRUS, THEY NEED
FOR THE CORONAVIRUS, THEY NEED TO SELF-QUARANTINE.
TO SELF-QUARANTINE. THAT’S THE ONLY WAY TO STOP THIS
THAT’S THE ONLY WAY TO STOP THIS PANDEMIC FROM SPREADING.
PANDEMIC FROM SPREADING. I’M IN MARK’S CAMP FROM THE
I’M IN MARK’S CAMP FROM THE BUSINESS PERSPECTIVE.
BUSINESS PERSPECTIVE. GOING THROUGH THE EMPLOYERS AND
GOING THROUGH THE EMPLOYERS AND MAKING THAT PASS ON TO THE
MAKING THAT PASS ON TO THE EMPLOYEES THAT MONEY SHOULD
EMPLOYEES THAT MONEY SHOULD THROW THROUGH THE EMPLOYERS AND
THROW THROUGH THE EMPLOYERS AND GO DIRECTLY TO THEIR EMPLOYEES.
GO DIRECTLY TO THEIR EMPLOYEES. >> ABSOLUTELY.
>> ABSOLUTELY. >> MICHAEL, TELL US WHAT IT’S
>> MICHAEL, TELL US WHAT IT’S LIKE IN STOCKTON RIGHT NOW?
LIKE IN STOCKTON RIGHT NOW? >> I WOULD SAY I DISAGREE
>> I WOULD SAY I DISAGREE VEHEMENTLY FOR A COUPLE REASONS.
VEHEMENTLY FOR A COUPLE REASONS. NUMB BUR ONE, A LOT OF PEOPLE
NUMB BUR ONE, A LOT OF PEOPLE ARE WORKING IN THE GIG ECONOMY
ARE WORKING IN THE GIG ECONOMY WHO MAY NOT BE DIRECTLY EMPLOYED
WHO MAY NOT BE DIRECTLY EMPLOYED BY THE EMPLOYER.
BY THE EMPLOYER. JUST LAST NIGHT IN STOCKTON, WE
JUST LAST NIGHT IN STOCKTON, WE SHUT DOWN OUR RESTAURANTS.
SHUT DOWN OUR RESTAURANTS. WE SHUT DOWN OUR BARS.
WE SHUT DOWN OUR BARS. WE SHUT DOWN ALL OUR
WE SHUT DOWN ALL OUR ENTERTAINMENT VENUES.
ENTERTAINMENT VENUES. PEOPLE ARE REALLY HURTING.
PEOPLE ARE REALLY HURTING. THERE’S DEFINITELY A ROLE TO
THERE’S DEFINITELY A ROLE TO MAKE SURE WE SUPPORT SMALL
MAKE SURE WE SUPPORT SMALL BUSINESS OWNERS, BUT WE HAVE TO
BUSINESS OWNERS, BUT WE HAVE TO ENSURE THAT THE AMERICAN PEOPLE
ENSURE THAT THE AMERICAN PEOPLE ARE OKAY.
ARE OKAY. BEFORE THIS CRISIS, ONE IN TWO
BEFORE THIS CRISIS, ONE IN TWO AMERICANS COULD NOT AFFORD A
AMERICANS COULD NOT AFFORD A $400 EMERGENCY.
$400 EMERGENCY. I’M NOT SURE DURING A CRISIS
I’M NOT SURE DURING A CRISIS WHEN BUSINESS ISN’T AS GOOD HOW
WHEN BUSINESS ISN’T AS GOOD HOW WE EXPECT FOLKS TO ASSIST, AND
WE EXPECT FOLKS TO ASSIST, AND SURVIVE THIS ECONOMIC