An article from Politico said, “Former President Barack Obama gave high praise for Senator, Elizabeth Warren, endorsing the former presidential candidate’s extensive framework for helping to fixed the economy once this pandemic ends.”
Senator Warren provides a cogent summary of how federal policymakers should be thinking about the pandemic in the coming months,” Obama wrote in a tweet discussing her multiple plans to address the global pandemic and its economic fallout.
An article written by Krawczyk said,”In the Vox interview from that Obama praised, Warren criticized the Trump administration for its lack of a consistent, coherent plan to fight the outbreak. The Massachusetts senator dismissed Trump’s resistance to a strong federal response, describing his preference to let governors go their own way “just simply wrong.”
Even though the Warren plan is quite interesting. The best thing the government could do now is returning to pre-2001 tax policies and use that revenue to invest in public infrastructure. Critical projects such as roads and bridges, which saw some money under the American Recovery and Reinvestment Act, create jobs and serve an obvious community need.
One of the reasons American companies are earning so much money is that they’re paying very little to their rank and file employees.This is also why average earnings have been stagnant for 50 years and most American consumers are broke. Wages as a percent of the economy are at an all-time low.
Sources:
Krawczyk, K. (2020, April 6). Obama suggests lawmakers follow Elizabeth Warren’s coronavirus recovery plans. Retrieved from https://theweek.com/speedreads/907257/obama-suggests-lawmakers-follow-elizabeth-warrens-coronavirus-recovery-plans
Obama touts Elizabeth Warren’s coronavirus recovery proposals. (n.d.). Retrieved from https://www.politico.com/news/2020/04/06/obama-elizabeth-warren-coronavirus-recovery-proposals-169347
Sy Barnes 