Placeholder Image

Subtitles section Play video

  • >>> ARE YOU ON THE VERGE OF

  • >>> ARE YOU ON THE VERGE OF LOSING YOUR LIFE SAVINGS OR YOUR

  • LOSING YOUR LIFE SAVINGS OR YOUR JOB?

  • JOB? HERE’S ONE ANSWER.

  • HERE’S ONE ANSWER. >> WE HAVE A GREAT ECONOMY.

  • >> WE HAVE A GREAT ECONOMY. WE HAVE A VERY STRONG ECONOMY,

  • WE HAVE A VERY STRONG ECONOMY, BUT THIS CAME -- THIS BLINDSIDED

  • BUT THIS CAME -- THIS BLINDSIDED THE WORLD, AND I THINK WEVE

  • THE WORLD, AND I THINK WEVE HANDLED IT VERY, VERY WELL.

  • HANDLED IT VERY, VERY WELL. >> THAT WAS THE PRESIDENT AFTER

  • >> THAT WAS THE PRESIDENT AFTER THE STOCK MARKET COLLAPSED AGAIN

  • THE STOCK MARKET COLLAPSED AGAIN TODAY AT THE WHITE HOUSE PRESS

  • TODAY AT THE WHITE HOUSE PRESS BRIEFING ON CORONAVIRUS WHERE

  • BRIEFING ON CORONAVIRUS WHERE THE PRESIDENT MADE VERY BRIEF

  • THE PRESIDENT MADE VERY BRIEF REMARKS BEFORE, IN EFFECT,

  • REMARKS BEFORE, IN EFFECT, FLEEING THE BRIEFING ROOM WHILE

  • FLEEING THE BRIEFING ROOM WHILE VICE PRESIDENT PENCE AND OTHERS

  • VICE PRESIDENT PENCE AND OTHERS TOOK A FEW QUESTIONS.

  • TOOK A FEW QUESTIONS. EARLIER IN THE DAY, THE

  • EARLIER IN THE DAY, THE PRESIDENT BLAMED THE SINKING

  • PRESIDENT BLAMED THE SINKING STOCK MARKET ON, QUOTE, FAKE

  • STOCK MARKET ON, QUOTE, FAKE NEWS.

  • NEWS. BUT THE NEWS ABOUT CORONAVIRUS

  • BUT THE NEWS ABOUT CORONAVIRUS IS VERY REAL AND IT IS NOT GOING

  • IS VERY REAL AND IT IS NOT GOING TO GET BETTER QUICKLY, WHICH IS

  • TO GET BETTER QUICKLY, WHICH IS WHY THE TRUMP ADMINISTRATION IS

  • WHY THE TRUMP ADMINISTRATION IS NOW PROPOSING EMERGENCY

  • NOW PROPOSING EMERGENCY LEGISLATION TO TRY TO HEAD OFF A

  • LEGISLATION TO TRY TO HEAD OFF A RECESSION.

  • RECESSION. BEFORE LEAVING THE BRIEFING

  • BEFORE LEAVING THE BRIEFING TONIGHT, DONALD TRUMP IDENTIFIED

  • TONIGHT, DONALD TRUMP IDENTIFIED ONE PROPOSAL TO COUNTER THE

  • ONE PROPOSAL TO COUNTER THE ECONOMIC EFFECTS OF THE

  • ECONOMIC EFFECTS OF THE CORONAVIRUS CRISIS.

  • CORONAVIRUS CRISIS. >> WERE GOING TO BE MEETING

  • >> WERE GOING TO BE MEETING WITH HOUSE REPUBLICANS, MITCH

  • WITH HOUSE REPUBLICANS, MITCH McCONNELL, EVERYBODY, AND

  • McCONNELL, EVERYBODY, AND DISCUSSING A POSSIBLE PAYROLL

  • DISCUSSING A POSSIBLE PAYROLL TAX CUT OR RELIEF, SUBSTANTIAL

  • TAX CUT OR RELIEF, SUBSTANTIAL RELIEF, VERY SUBSTANTIAL RELIEF.

  • RELIEF, VERY SUBSTANTIAL RELIEF. THAT’S A BIG NUMBER.

  • THAT’S A BIG NUMBER. >> JOINING OUR DISCUSSION NOW IS

  • >> JOINING OUR DISCUSSION NOW IS AUSTIN GOOLSBEE, FORMER CHAIRMAN

  • AUSTIN GOOLSBEE, FORMER CHAIRMAN OF THE COUNCIL OF ECONOMIC

  • OF THE COUNCIL OF ECONOMIC ADVISERS FOR PRESIDENT OBAMA.

  • ADVISERS FOR PRESIDENT OBAMA. HE’S NOW A PROFESSOR OF

  • HE’S NOW A PROFESSOR OF ECONOMICS AT THE UNIVERSITY OF

  • ECONOMICS AT THE UNIVERSITY OF CHICAGO.

  • CHICAGO. PROFESSOR GOOLSBEE, YOUR

  • PROFESSOR GOOLSBEE, YOUR REACTION TO WHAT THE MARKET IS

  • REACTION TO WHAT THE MARKET IS DOING, WHAT THE ECONOMY LOOKS

  • DOING, WHAT THE ECONOMY LOOKS LIKE SIX MONTHS FROM NOW IF WE

  • LIKE SIX MONTHS FROM NOW IF WE CAN TELL, AND THE PRESIDENT’S

  • CAN TELL, AND THE PRESIDENT’S LATEST IDEA OF A PAYROLL TAX

  • LATEST IDEA OF A PAYROLL TAX CUT?

  • CUT? >> WELL, LOOK, THE MARKET WAS

  • >> WELL, LOOK, THE MARKET WAS BORDERLINE IN TERROR.

  • BORDERLINE IN TERROR. IT STARTED.

  • IT STARTED. WE HAD ONE OF THE WORST WEEKS IN

  • WE HAD ONE OF THE WORST WEEKS IN MANY YEARS, AND THEN THE FLIGHT

  • MANY YEARS, AND THEN THE FLIGHT TO SAFETY AS THE FINANCE PEOPLE

  • TO SAFETY AS THE FINANCE PEOPLE CALL IT OF PEOPLE BUYING UP

  • CALL IT OF PEOPLE BUYING UP TREASURY BONDS BECAUSE THEY

  • TREASURY BONDS BECAUSE THEY THINK THEYRE THE SAFEST ASSET

  • THINK THEYRE THE SAFEST ASSET IN THE WORLD, LITERALLY BROUGHT

  • IN THE WORLD, LITERALLY BROUGHT THE INTEREST RATE TO THE LOWEST

  • THE INTEREST RATE TO THE LOWEST IT’S EVER BEEN, LOWER THAN IN

  • IT’S EVER BEEN, LOWER THAN IN THE FINANCIAL CRISIS, LOWER THAN

  • THE FINANCIAL CRISIS, LOWER THAN EVER.

  • EVER. AND YOU SAW TODAY THE MARKET

  • AND YOU SAW TODAY THE MARKET DROPS.

  • DROPS. PEOPLE ARE NERVOUS.

  • PEOPLE ARE NERVOUS. THEY LOOK AT CHINA.

  • THEY LOOK AT CHINA. THEY LOOK AT ITALY.

  • THEY LOOK AT ITALY. THEY SEE THAT THERE IS SEVERE

  • THEY SEE THAT THERE IS SEVERE SLOWDOWNS IN PLACES WHERE THEY

  • SLOWDOWNS IN PLACES WHERE THEY HAVE TO IMPOSE THESE

  • HAVE TO IMPOSE THESE QUARANTINES.

  • QUARANTINES. AND WERE ON THE BRINK OF WHAT

  • AND WERE ON THE BRINK OF WHAT MAY BE THE BIGGEST PANDEMIC IN

  • MAY BE THE BIGGEST PANDEMIC IN OVER A CENTURY, AND IT’S CLEAR

  • OVER A CENTURY, AND IT’S CLEAR THE WHITE HOUSE HAS NO IDEA

  • THE WHITE HOUSE HAS NO IDEA WHAT’S GOING ON.

  • WHAT’S GOING ON. THEYRE NOT TESTING.

  • THEYRE NOT TESTING. WE HAD THE PRESIDENT OF THE

  • WE HAD THE PRESIDENT OF THE UNITED STATES HIMSELF GET UP A

  • UNITED STATES HIMSELF GET UP A FEW DAYS AGO AND SAY, WE HAVE

  • FEW DAYS AGO AND SAY, WE HAVE ONLY 14 CASES, AND PRETTY SOON

  • ONLY 14 CASES, AND PRETTY SOON THAT WILL BE DOWN TO ZERO.

  • THAT WILL BE DOWN TO ZERO. AND PUBLIC HEALTH OFFICIALS IN

  • AND PUBLIC HEALTH OFFICIALS IN THE UNITED STATES AND AROUND THE

  • THE UNITED STATES AND AROUND THE WORLD JUST KIND OF LOOKED AT

  • WORLD JUST KIND OF LOOKED AT EACH OTHER AND SAID, OH, MY GOD.

  • EACH OTHER AND SAID, OH, MY GOD. IS THERE NOT A PLAN TO TRY TO

  • IS THERE NOT A PLAN TO TRY TO SLOW THE SPREAD OF THIS VIRUS

  • SLOW THE SPREAD OF THIS VIRUS BECAUSE THAT IS THE CRITICAL

  • BECAUSE THAT IS THE CRITICAL THING FOR HELPING THE ECONOMY.

  • THING FOR HELPING THE ECONOMY. THE REASON THAT PEOPLE GETTING A

  • THE REASON THAT PEOPLE GETTING A PAYROLL TAX CUT IS PROBABLY NOT

  • PAYROLL TAX CUT IS PROBABLY NOT THE RIGHT ANSWER IS BECAUSE, A,

  • THE RIGHT ANSWER IS BECAUSE, A, A BUNCH OF PEOPLE ARE GOING TO

  • A BUNCH OF PEOPLE ARE GOING TO LOSE THEIR JOBS, SO THEY DON’T

  • LOSE THEIR JOBS, SO THEY DON’T PAY PAYROLL TAX.

  • PAY PAYROLL TAX. A BUNCH OF PEOPLE ARE RETIRED,

  • A BUNCH OF PEOPLE ARE RETIRED, SO THEY DON’T PAY ANY PAYROLL

  • SO THEY DON’T PAY ANY PAYROLL TAX.

  • TAX. BUT EVEN IF YOU GIVE THE PEOPLE

  • BUT EVEN IF YOU GIVE THE PEOPLE A PAYROLL TAX CUT, THEYRE NOT

  • A PAYROLL TAX CUT, THEYRE NOT GOING OUT OF THEIR HOUSE BECAUSE

  • GOING OUT OF THEIR HOUSE BECAUSE THEYRE AFRAID TO GO TO PUBLIC

  • THEYRE AFRAID TO GO TO PUBLIC PLACES.

  • PLACES. AND A LARGE SHARE OF THE U.S.

  • AND A LARGE SHARE OF THE U.S. ECONOMY ARE SERVICES AND THE

  • ECONOMY ARE SERVICES AND THE FACE-TO-FACE KIND OF ACTIVITIES

  • FACE-TO-FACE KIND OF ACTIVITIES THAT ARE EXACTLY WHAT GET

  • THAT ARE EXACTLY WHAT GET HAMMERED IN THIS KIND OF A FEAR

  • HAMMERED IN THIS KIND OF A FEAR CRISIS.

  • CRISIS. AND SO I DON’T REALLY SEE THAT

  • AND SO I DON’T REALLY SEE THAT THE PAYROLL TAX IS THE OBVIOUS

  • THE PAYROLL TAX IS THE OBVIOUS FIRST STEP ON THAT.

  • FIRST STEP ON THAT. >> IS THERE A FIRST STEP TO TAKE

  • >> IS THERE A FIRST STEP TO TAKE HERE TO DEAL WITH WHAT THE

  • HERE TO DEAL WITH WHAT THE ECONOMIC CONDITIONS YOU FORESEE

  • ECONOMIC CONDITIONS YOU FORESEE AND ANY -- AND WHAT THE STOCK

  • AND ANY -- AND WHAT THE STOCK MARKET’S DOING?

  • MARKET’S DOING? >> YEAH.

  • >> YEAH. LOOK, I THINK THERE ARE SEVERAL

  • LOOK, I THINK THERE ARE SEVERAL FIRST STEPS, AND THE BACKDROP TO

  • FIRST STEPS, AND THE BACKDROP TO THE FIRST STEPS ARE WE HAVE TO

  • THE FIRST STEPS ARE WE HAVE TO HOPE THAT THIS CORONAVIRUS

  • HOPE THAT THIS CORONAVIRUS FOLLOWS THE PATTERN OF A FLU

  • FOLLOWS THE PATTERN OF A FLU VIRUS, NOT AN EBOLA VIRUS, WHICH

  • VIRUS, NOT AN EBOLA VIRUS, WHICH IS TO SAY THAT IF WE GET TO

  • IS TO SAY THAT IF WE GET TO WARMER WEATHER AND IN THE

  • WARMER WEATHER AND IN THE SUMMER, THAT WE MIGHT HAVE SOME

  • SUMMER, THAT WE MIGHT HAVE SOME KIND OF A RESPITE, THAT THE

  • KIND OF A RESPITE, THAT THE INFECTION RATES MIGHT GO DOWN.

  • INFECTION RATES MIGHT GO DOWN. SO THE FIRST THING IS YOU DON’T

  • SO THE FIRST THING IS YOU DON’T WANT TO HAVE PEOPLE HAVING TO GO

  • WANT TO HAVE PEOPLE HAVING TO GO BANKRUPT, AND YOU DON’T WANT TO

  • BANKRUPT, AND YOU DON’T WANT TO HAVE TO HAVE THEM GO TO WORK

  • HAVE TO HAVE THEM GO TO WORK WHEN THEYRE SICK.

  • WHEN THEYRE SICK. SO I THINK PAID LEAVE IS AN

  • SO I THINK PAID LEAVE IS AN ABSOLUTE FIRST STEP THAT WE

  • ABSOLUTE FIRST STEP THAT WE OUGHT TO BE GETTING EVERYBODY

  • OUGHT TO BE GETTING EVERYBODY PAID LEAVE.

  • PAID LEAVE. AND THE THING ABOUT VIRUS

  • AND THE THING ABOUT VIRUS ECONOMICS, AS I SAY, THAT MAKES

  • ECONOMICS, AS I SAY, THAT MAKES IT DIFFERENT THAN REGULAR IS

  • IT DIFFERENT THAN REGULAR IS THAT WITH VIRUS ECONOMICS, THE

  • THAT WITH VIRUS ECONOMICS, THE BEST THING YOU COULD DO FOR THE

>>> ARE YOU ON THE VERGE OF

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it

B1 payroll payroll tax tax tax cut president economy

Fmr. Obama Economist: Trump's Coronavirus Payroll Tax Cut Not The Answer | The Last Word | MSNBC

  • 134 12
    林宜悉 posted on 2020/03/10
Video vocabulary

Keywords

obvious

US /ˈɑbviəs/

UK /ˈɒbviəs/

  • adjective
  • Easily understood and clear; plain to see
  • Easily perceived or understood; clear, self-evident, or apparent.
  • Very easy to notice; blatant.
  • Easily perceived or understood; clear, self-evident, or apparent.
  • Easy to see or notice.
  • Predictable or lacking in subtlety.
  • Unmistakable; easily recognized.
  • Easily noticed; not subtle.
bunch

US /bʌntʃ/

UK /bʌntʃ/

  • other
  • (of a fabric) gather or cause to gather into folds or wrinkles.
  • other
  • Collect or gather together.
  • noun
  • A group of things of the same kind
  • A group of people regarded as a unit; a company.
  • A group of people.
  • verb
  • To group people or things closely together
  • (Cloth) to gather/be gathered together in folds
critical

US /ˈkrɪtɪkəl/

UK /ˈkrɪtɪkl/

  • adjective
  • Expressing adverse or disapproving comments or judgements.
  • Of decisive importance with reference to the success or failure of something.
  • (of a sick or injured person) seriously ill or injured.
  • Exercising or involving careful judgment or observation.
  • Making a negative judgment of something
  • Expressing adverse or disapproving comments or judgments.
  • Relating to or denoting a point at which a sudden change occurs.
  • Expressing adverse or disapproving comments or judgments.
  • Expressing adverse or disapproving comments or judgments.
  • Being important or serious; vital; dangerous
  • Most important part
  • Expressing adverse or disapproving comments or judgments.
  • Being in or verging on a state of crisis or emergency.
pandemic

US /pænˈdɛmɪk/

UK /pæn'demɪk/

  • noun
  • a pandemic disease
  • adjective
  • (of a disease) existing in almost all of an area or in almost all of a group of people, animals, or plants
pattern

US /ˈpætən/

UK /'pætn/

  • noun
  • An arrangement or sequence.
  • A consistent and recurring way of behaving.
  • Model to follow in making or doing something
  • Colors or shapes which are repeated on objects
  • A excellent example or model.
  • Regular repeated behavior
  • A model or guide for making something.
  • A regular or repeated way in which something happens or is done.
  • A set of paper shapes used as a guide for cutting cloth when making clothes.
  • verb
  • To copy the way something else is made
  • other
  • To use as a model or guide.
  • To decorate with a pattern.
crisis

US /ˈkraɪsɪs/

UK /'kraɪsɪs/

  • noun
  • Unstable situation of extreme danger or difficulty
  • A situation that has reached a critical phase.
  • A time of intense difficulty or danger.
  • A decisive moment.
  • A time of intense difficulty, trouble, or danger.
  • A time of intense difficulty, trouble, or danger.
  • A situation that has reached a critical phase.
  • A time when a problem, illness, etc. is at its worst point
  • A situation related to environmental damage.
  • A state of instability or danger.
  • A difficult or painful experience in a person's life.
  • A politically unstable situation.
  • A turning point in a disease.
severe

US /səˈvɪr/

UK /sɪ'vɪə(r)/

  • adjective
  • Very bad; harsh
  • (Of clothes, etc.) plain; simple; not decorated
identify

US /aɪˈdɛntəˌfaɪ/

UK /aɪ'dentɪfaɪ/

  • verb
  • To indicate who or what someone or something is
  • other
  • To discover or determine something.
  • To say exactly what something is
  • To recognize someone or something and be able to say who or what they are
  • other
  • To feel that you understand and share the feelings of someone else
  • To feel that you are similar to someone, and understand them or their situation because of this
fear

US /fɪr/

UK /fɪə(r)/

  • noun
  • Unpleasant feeling caused by being aware of danger
  • verb
  • To be afraid of or nervous about something
  • other
  • A concern or worry.
  • other
  • An unpleasant emotion caused by the perception of danger, pain, or threat.
  • A feeling of reverence and respect for someone or something.
  • other
  • To be afraid of (someone or something) as likely to be dangerous, painful, or threatening.
spread

US /sprɛd/

UK /spred/

  • noun
  • A big meal, often laid out as a buffet
  • The distance between two things
  • Soft food thinly applied, e.g. on bread
  • When a disease is passed to more people
  • Range or wide variety of something
  • verb
  • To place over a large area; to cover a large area
  • To apply something thinly, usually onto food
  • To give or be given to other people, as a disease
  • (Of ideas, gossip) to pass to and affect others
  • To move something apart, or to put space between
  • To become known by a greater number of people