State rice, great city, this least systemic dissent says so which we build as well. When watching the hawks are over the earth and im a crop. Yeah, man, the American Dream. Youve got to be asleep to believe theres the little darlings in the greatest lines ever. But the sub, the waking American Dream is that it seems like all our big corporations and our most common household names. All essentially make billions and millions and millions and millions of workers who are literally on food stamps or literally are on medicaid because thats they, they fall below the poverty line and have to have to use government subsidies to eat and get healthy. No, absolutely. I think that in terms of walmart, you know, reports have been coming out about them for a long time. Still, for anyone who assumed that maybe theyd get their act together. That clearly they have not in the numbers have only multiplied since the original reports came. I think that the more we see this, the more recognition there has to be that there are so Many Americans who are working these low wage jobs. These jobs that are for multinational multimillion dollar companies. And these Companies Continue to make money, however them ploy. Easer just barely getting by and these are folks who have families. You know, these arent teens, these are young adults. For the most part, the individuals who work at walmart, who work at a lot of places you just described, or people who are either middle aged or people who already have, you know, kids at home, many of which are teens, some of which are younger. And this is how they get, but yeah, and it is, and its in warren gunnels, actually, staff director and policy advisor for so there sanders agrees with you, especially where you tweeted the real looting in america is in the Walton Family becoming 60 3000000000. 00 richer during the pandemic while paying wages so low that get this number 1514541 of their workers and im states need food stamps all subsidized by u. S. Taxpayers. Yes, the Walton Family is the real welfare queens in america. I agree to that, because if you cant run your business, if you cant pay your employees a living wage, that these employees have to go out and be subsidized by tax them by taxpayers. Guess what . Thats your company being subsidized by taxpayers. That means that you are not, you know, a capitalist Success Story that ive been far from it. And no, absolutely not. I think that they try to, you know, i did develop the walton foundation, these other things that are supposedly giving back to the community. Not only in scholarships, but also in terms of dollars to community organizations, but know that overshadows what theyre doing for the day to day employees, many of which come from those same communities. And a lot of times too is a lot of these Stores Across the country that make you buy your lunch with them in the store. And you can even leave the store growth. So what theyre trying to create is like a constant circle of money inside the company to where the money never leaves the company. Like you get your paycheck goes right back to walmart. So across 9 states, i want to show you this because its very interesting. These large corporations, arkansas, georgia, indiana maine, massachusetts, nebraska, north carolina, tennessee, washington employed the following members of snap. This is, this is food help recipients in february of 2020, this year top 5 walmart, mcdonalds dollar tree Dollar General and amazon. But look at bahrain way. Walmart 14541 compared to mcdonalds, 8783 jump down to the next group. When you look at medicaid rolls 6 states, georgia, indiana maine, messages oklahoma and rhode island. Once again, walmart 10350, mcdonalds 4600, amazon 4100 dollar tree target, jumped on that. These are places where their employees are on medicaid because they dont pay them a living wage, nor do they provide them good health insurance. Exactly. I think the other thing that we have to recognize here is that in the cases of the places, you know, some of the, some of the places you just named part time work is normal, like mcdonalds. Most people who work at mcdonalds dont work full time, but walmart is different. You know, walmart will have you work. You know, its close to full time as possible minus an hour, so they wont have to pay you any types of benefits. And they think there becomes a pressure ation when you see them when you see amazon, that employees consultants, but gives those consultants. 8 you know, regular 9 to it doesnt allow them to work outside of that. There are other issues around this because they get around to actually having to really pay them what they should be paying them and take care of them in terms of the benefits that are associated with regular full time work, especially now in the age of code where youre seeing these companies, walmart included, you know, as of november 17th, the combined wealth of 647. 00 u. S. Billionaires increased by only by over 960000000000. 00. The rest of the country is hurting, but certain businesses are flourishing. Amazon target best buy walmart their flourishing, even though the rest of us are suffering. So you know what sudden a little flourish back down to your working steps. Exactly. Its beginning to look a lot like christmas blue friday sales starting early. Everyone is trying to get their hands on the p. S. 5 decorations are going up. But like most 2020, things look different to millions of americans are feeling a lot of pain. Sadly that pain isnt going to get worse unless Congress Acts quickly. The day after christmas, millions of americans are set to lose their unemployment benefits. One day after christmas, these benefits have been a lifeline for families trying to make ends meet during the pandemic. Families like todd andersons and small town michigan. Hes a single dad with 4 kids that lost his income in the spring. Anderson was a landscaper, forward sorts, and weddings. But amid the pandemic wedding stopped and resorts closed. Now anderson brings the in barely enough to provide for his family. And hes not alone. Millions of americans are on the brink. According to a new study from the century foundation, congress is set to cut off 12000000 americans from the only Thing Holding them back from falling into financial wreckage and disaster. Congressional infighting, gridlock, a senate more devoted to trumps reelection than caring for the needs of the American People. Its once again leaving folks high and dry. A relief bill could and should be pest. But Congress Just cant seem to get out of its own way. And compromise seems to be a dirty word in a road less traveled. Coronavirus continues to spread and jobless claims mount. The money is drying up and with poverty in hardship. Just a breath away. Will congress do the right thing or fumble . Man, i wish in my heart of hearts that i could say they will do the right thing and they might, they might do half the right to maybe a quarter of the right. They might get something cobbled together to kind of save these people probably at the last minute and then the wall like stand up for a photo op together and sign the paper. But we really will make the right kind of impact beyond just another bandaid. I doubt it. Well the 1st ration here is real because Congress Knows because that merican public has been asking for this for so long now we saw the 1st round of stimulus and it dried up a long time ago. The push for another round of stimulus was supposed to come in creasing lee fast alligators. And yet we see, yeah, we still have not seen that. And were seeing more and more people in the unemployment rolls since donald trump slink back. And were going to have it then he pulled back and said, no, were not going to do it. Then he basically coaxed his reelection hopes on it. And now he sees no reason to do it whatsoever. Congress for its part, you know, nancy pelosi met with and again, actually did not want the stimulus package that was put up by the republicans because she didnt think it was enough. Not only did she not think it was enough, there were some riders that if they would have helped a lot of large corporations, like the ones you talked about earlier, that she was very much against. But to be honest, you know, the general american public, they just want more money. They want to be able to take care of their families. They want to be able to pay their rent. They want to be able to not worry about whether they can put food on the table. So i think that, you know, there was upset on both sides. They were upset from americans who were like nancy, just be ok, take whatever out there because we just need a check now. And you know that thats what they care about. But there are also people who are still upset that the p. P. P. Loans that were supposed to help Small Businesses help every business that wasnt small. If you were minority owned business, you never saw that money to begin with. You know . No, and there was a lot of people do. We never saw a single stimulus, despite the promise that actually being sent out now is how long ago i remember what for over a 100. 00. If youre lucky, in a way back in may. I mean, thats ridiculous. I mean, heres the real question though, is there are going that was too much right now, which is just, it boggles my mind, the banner sealand, the politicians here in washington live in when it comes to that kind of thing. But heres the question. Is there any drive to get donald to actually pass this . I mean, i dont think there would be because hes used to your anyway, used to busy worried about whether or not he can concoct enough craziness on december 15th or 14th to mess up the electoral vote. Well, there isnt any impetus for trump, i agree with you on that one. But there is an impetus for the republicans because at the end of the day, republicans picked up major seats in state legislatures across the country. They maintain their, their seats in congress, maybe picked up more in the state in the house of representatives, and were still counting on, you know, what happens in georgia to see how the senate goes. But those republicans, their voters also are suffering under the weight of this pandemic and under the weight of an economy collapsing. So theyre going to want to see something too. So its in the republican partys best interests to make sure that they get something done, even if its not necessarily something donald trump thinks is important at this point. You know, and the other thing too, you know, we were talking about the big corporations or earlier in the amount of money that a lot of these people made. People are job and things like that. You know, sometimes you got to look outside the government to if theyre failing to surprise, provide support. Where are all our big billionaire entrepreneur stepping up saying, i mean theres a lot on to the news. Do a lot of good things during call, but im not saying theyre not. But where are the really major ones, the people who can afford to actually say, you know, what, if they cant get the job done in congress. I have to actually put my own money in the game and try to help out a little bit while were waiting on congress. I would love to see something extremely smart. I think that that should be a call out that more people should be making because what we see from these, from these large corporate behemoths and is that in many cases theyll sign on to something they like the pomp and circumstance that comes along with it. But when it comes to actually putting money in the hands of individuals, we dont really think that no, you dont. So, i mean, you know, its interesting lesion in this is what always, boggles my mind. Nobody wants to see a hardworking person whos been so are barely surviving through crow over them. And guess what . Youre, youre, you dont get any more jobs. You dont get any more help financially. 27th. The day there are december 23rd day after christmas. That just breaks my heart. Do you think i honestly, youve been around water didnt do, will they get something done at least a little bit before them . No, i honestly dont think thats going to happen. I would be very surprised if it did. I think that at this point in a lame duck session, we never never really see major things move. And with kobe 1000, i think that work week, we have an interesting space where democrats want to claim a win, and they want to claim a whimper by not in office yet. I think that were going to, if anything, well see, well see after not duration. I dont think theres any upsets before. The tragedy is that, but after people have now lost that money coming into their lives, who are out as we go to break, remember that you can also store watching all the mail to render portable. T. V. Is coming up. Were joined by economist to help us navigate the upcoming holiday economy and the future of Student Loan Debt here in the United States of america. You do not want to miss this conversation. States are watching a greater trend burd. It is a symptom, exacerbating and alarming everyone who mindlessly actually what that means is we end up taking the long but actually very little wrong yet to stamp out this, they become active and engaged because the trail when something find themselves worlds apart, we choose to look for Common Ground during the vietnam war, us forces also bomb to neighboring laos. It was a secret war. And for years the American People did not know how so my son is officially the mouth of rebound country per capita in all human history. Millions of unexploded bombs still in danger lives in this Small Agricultural country. Jordyn wieber went on to another topic that even today, kids in laos full victims of bombs dropped decades ago. Is the u. S. Making amends for that tragedy and what help to the people need in that little land on the demick . No, certainly no borders just blood into nationalities as americans. We dont come with me. We dont look like seeing the whole world needs to be judged. Come in a crisis with this system, since we can do better, we should everyone is contributing way. But we also know that this crisis will not go on forever. The challenges create, the response has been much so many good people are helping us. It makes us feel very proud that were in it together. So what weve got to do is identify the threats that we have. Its crazy, one from day shouldnt let it be an arms race is on all sides. Very dramatic development. Only mostly im going to resist. I dont see how that strategy will be successful, very critical. Dharm time to sit down and talk to democrats like senators, Bernie Sanders and Elizabeth Warren representative alexandria kazuo. Cortez in the squad have all spoken at length on the importance of student loan forgiveness. Not only as an economic driver, but as a way of leveling the playing, Playing Field for those who didnt win the birthright lottery. Considering the crash of 2001 Housing Market collapse, wage stagnation and mass unemployment gave rise to the low wage no benefit, good economy. And just when things might have started looking up for those grads, the covert, 19 pandemic hit, sending them back even more. A tweet received a lot of attention over the past few days, showing some minority leader chuck schumer, calling on president elect joe biden to forgive Student Loans in his 1st 100 days in office. While this all just might be putting the cart before the horse. A recent article in Forbes Magazine argues that biden cant forgive 50000. 00 of Student Loans through an executive order with over 45000000. 00 borrowers and a whopping 1. 00 trillion dollars of Student Loans. Its clear this could be the next debt bubble to burst, but for all the hash tag cancel, student loan, tweets on twitter. It might be harder than you think. The president doesnt have the authority to cancel 50000. 00 in Student Loans through an executive order. There are several bills though, regarding Student Loan Debt relief, that have made their way through the house only to die in the senate. And not only a Student Loan Debt a cause of major anxiety among americans. The u. S. Poverty rate rose over the summer with 7000000. 00 more americans falling below the poverty line. And the Holiday Season is here. With shopping trends changing due to job loss and tightened wallets. Things look a lot different. Travel advisories. A blot families from gathering Remote Learning is here to stay for a while. The need for counseling and Mental Health care p grows and the elderly are left in isolation. Consumers are staying at home, Small Businesses and restaurants are suffering. And here to break down the facts of the cobra 1000. 00 Holiday Season is american economists and author, richard wolfe. Welcome richard. Very cute. Going to be here. Sorry for that grim reality. But richard with Student Loan Debt in the trillions and climbing. What if anything, do you see congress doing to provide relief and are there any bills currently passed by the house that by ship, by or as he assumes the president . Well, theyre going to get bills that are going to be killed in the senate. The way you just like it, no matter what white house and enjoyed the week. So i think its a tragedy beyond words. There is no reasonable need. Its about making the reste loans strange that get a cherry ive been walloped like one will go by the crash of laurie fine in the over the last 9 months. The change and the, i mean this is an impossible situation. Let me and everything you wrote me know, a simple fact that also not paying attention to the constant moratorium declared by the center of the sea is controlled by many of the stains. Many, many individuals. Im talking tens of millions of them. And likewise, businesses have not been gaining in their rent to their landlords for months that those rents are not being forgive