Thread by @axios

WATCH: Axios' @danprimack and @DionRabouin host a conversation on the future of equitable economic recovery after COVID-19, featuring @chefjoseandres and @RepRoKhanna.
twitter.com/i/broadcasts/1…

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@chefjoseandres: We have hungry people in America in a moment that the restaurant industry is shut down. We need to partner with restaurants and pay for meals so that they can hire back and pay rent.

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@chefjoseandres: Obviously restaurants will open again. The issue is how many are we going to lose from today until 3 months, 6 months, 1 year until everything goes back to normal. We need to make sure the federal government is behind these businesses.

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@chefjoseandres: "We need to make sure that the restaurant industry is not an industry that lives on the fringe of almost poverty, but that every American employee, every restaurant worker will make a decent living."

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@RepRoKhanna: The Fed's balance sheet "is one of the highest...in recent history. And yet most of that money has gone to large corporations, large financial institutions....And so our policies have been skewed towards large institutions and not small businesses."

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@RepRoKhanna: "I am not suggesting that we have $2,000/month as a universal basic income that lasts indefinitely...But certainly we can agree that for a few months, while we're still having high unemployment, while people are still struggling, we should have monthly checks."

@danprimack @DionRabouin @chefjoseandres @RepRoKhanna .@RepRoKhanna on his 3-part strategy for the Fed:

- Make sure loans and grants aren't concentrated in financial institutions and corporations
- $10 trillion over 10 years in loans and grants for small businesses
- Target communities through minority development institutions