Eyeing Reelection, Trump Suggests Stimulus as COVID-19 Wrecks Markets

Published: March 11, 2020, 3:52 p.m.

In this segment of By Any Means Necessary, hosts Sean Blackmon and Jacquie Luqman are joined by Dr. Richard Wolff, Economist and Professor at the New School University and author of the new book “Understanding Marxism,” to talk about the economic impacts of the Coronavirus, why cases in the US are likely to skyrocket as soon as testing begins en masse, how the medical industrial complex has ultimately been holding the rest of the economy hostage, why Trump's insistence that the Coronavirus threat was overblown delayed a rapid and meaningful response, why Trump's proposed payroll tax cut resembles an election year bribe and why it may not actually provide relief to the worst-hit economic sectors, why the Coronavirus reaction is an enormous exercise in demonstrating the unsuitability of a for-profit healthcare system, how college students across the country are faring after the sudden cancellation of classes, why "distance learning" modules are no real substitute for a traditional classroom dynamic, whether a US freeze on mortgage payments like the one instituted in Italy is even a vague political possibility here, what the handling of this crisis reveals about the backward priorities of our political system, and what to make of the price war roiling the oil markets.