Cenk Uygur

Right now, I think Wall Street has lost its mind.

How could we be at record numbers?

Who do you think is going to buy your products?

So this guy named Nick Hanauer, there's a lot of folks who believe in this, but he's a big advocate of it.

A really smart guy up in Seattle, also an entrepreneur, also sold his business and has done well.

And he talks about middle-out economics.

If we give more advantages to the middle class, they immediately spend their money.

If you give it to the rich, which is what we've done all our lives with this neoliberal nonsense that we've been doing and trickle down economics, well, they barely spend any of it.

So giving to the middle is a much better way to go.

And of course, the question is, how are you going to do that?

And you don't just want to give away money.

On the other hand, we give away money to oil companies and big drug companies and everyone who's got an excellent army of lobbyists in D.C.

But

We're not ready.

And no one on earth has given me a plan for, oh, Cenk, don't worry.

When 10% unemployment hits, which is at this point almost baked in, completely inevitable, right?

What are we going to do?

10% unemployment would be worse than anything that's ever happened in our lifetimes, let alone if you get to 25%.

Zero plans for it.

None.