Hi everyone! This is Dr. Nitin Chhoda and I
have a big smile on my face today
because I actually have something up my
sleeve today and I'll tell you what
it is towards the end of this video. This
video is about the automatic stabilizer
for unemployment benefits. This is an
unemployment benefits extension proposal
from the democrats
and it's the first sign that we've seen
of some wiggle room
from the democrats about the
unemployment benefits extension and
towards the end of this video
i have a surprise for you. So I hope
you'll stick around
and see what I have in store for you at
the end of the video. In this video I'm
going to go over THREE things. The first
is an analysis
of the US treasury secretary's comments.
Some recent comments which were very
interesting which
actually tell us where these
negotiations are heading. Number two,
some positive signs are actually
emerging from the democrats.
An interesting proposal called the
automatic stabilizer method that was
actually reported by the Wall Street
journal and number three, a surprise from me to
you that I think is going to make you
smile. Let's get right into it.
Now the US treasury secretary Steven
Mnuchin is one of the lead negotiators
along with the White House chief of
staff Mark Meadows on behalf of
President Rrump
and he's one of the key people that's
actually negotiating with Nancy Pelosi
and her aides
on the democrats side. So he's been
working pretty hard and
you know right out the gate I want
to tell you something that I thought was
interesting and funny and you know I do
want to give him some
credit in this situation because he's
doing what he can representing the
administration sort of being the bridge between
the administration on one side and the
senate majority leader Mitch
Mcconnell on the other side.
He actually said in this clip I'll show
you this clip he said
he needed to get some exercise and he
was going to go biking and he basically
said don't bust my behind if you see me
biking and this was
this was actually yesterday on sunday. So
let's take a look at this.
And let me just say you know I may go
biking later today so I hope everybody
doesn't say
why am I going biking and getting some exercise
and I'm not on the hill negotiating. If
they had wanted to meet today
I'd be there. But in all seriousness,
let's jump right into the actual
newsworthy components of his discussion
and I do believe he's representative
of where the negotiations stand from the
GOP standpoint. He said
we absolutely support a $600 a week one
week extension and I did cover that. This
was the McSally proposal
and he specifically said if we need to
do a larger package,  if we can compromise
we'll consider that as well.
So again you can start to see some signs
of movement, some signs of compromise
from the GOP side and I think this is encouraging. The
question is, how are the democrats going
to respond? Are they also going to be
flexible? Because it's clear
that both sides have to give up
something to reach some
level of negotiation. These are the
latest words from the US treasury secretary
about exactly where they stand with the
unemployment benefits extension.
Let's roll the tape. What are the
advanced unemployment insurance? What
dollar amount is the White House to accomplish?
How long will that program be? Well let
me first say
we absolutely support a $600 one week
extension.
So while we're negotiating, you shouldn't
hurt the hard-working Americans.
um I will say that privately mark
meadows and i have made
several proposals i'm not going to
comment publicly on the specific
negotiations because i don't think
that's helpful but i would just
say the president absolutely supports
let's get a one-week extension
obviously this is going to take more
time to negotiate a bigger deal is there
any chance that you would do
some sort of raw comprehensive package
just that you can get this done i mean
you have democrats saying
that they will not do anything without
state local funding you just said that
that's not something you're going to do
that trillion dollars do you say local
funding it sounds like you guys are
miles away still is there any kind of
compromise on that
well let me just acknowledge we
obviously need bipartisan support
to get any deal done the last two deals
we got done 96 to zero 100 to zero i
think it's pretty fair to say that we're
not going to do that again
these are difficult issues the economy
is in a very different situation
um we'll continue to negotiate if we can
do a smaller package and get that done
we'll negotiate that if we need to get a
more larger package if we can reach a
compromise
we'll consider that as well so that was
interesting now by the way
as far as stimulus checks go that's
covered extensively by many other
channels and a lot of people do a good
job at covering stimulus checks and
there is consensus from both sides that
the stimulus check will happen
so in a sense i want to focus more on
unemployment benefit extensions because
that is weekly money
that is more of a lifeline if you will
than a one-time stimulus check but as
far as
as far as the recent data is concerned i
think you should know that even if the
stimulus checks are approved in the next
few days
it's going to be probably closer to the
end of august maybe even september
when you'll actually get that money in
your hands that's why i try to focus
more on the unemployment benefits
extension and what you should be doing
now
going forward my focus is your financial
future where you can change your life
and you know get out of this mess let's
get to the second segment of the steven
mnuchin interview and he said
if we come to a compromise we can come
to an agreement tomorrow
it would require a substantial move from
the democrats on a lot of issues now i
thought this was really interesting
because the signs that the gop the signs
that mnuchin is giving out basically
indicate that the democrats are standing
very firm with their position they are
not willing to budge they want a large
comprehensive stimulus package as
opposed to a short-term extension
as opposed to a short-term stop-gap
measure if you will just to focus on the
unemployment benefits extension
and the extension of the eviction
monitoring which by the way has been
the administration's position so it's
super interesting that one side wants to
do a little bit and get that out of the
way
and the other side wants a larger more
comprehensive package
basically believing that they don't want
to kick the can down the road
and they don't want to essentially they
just want to get it all done at one time
that's the democrats position so i think
that's the i think that's what's
happening there is really interesting
hopefully there can be some sort of a
middle ground
again i've talked about this earlier the
zone of compromise is where the best
the in the best negotiations both sides
get what they want
and both sides give up a little bit of
what they want and i and i do think one
of the sides
is going to have to budge whether it's
the republicans or the democrats they're
better because we're basically out of
time
so let's roll the tape on this segment
and see what steven mnuchin had to say
mr secretary you uh have said that
you'll work on this every day until a
deal gets done do you think the
president needs to be more involved this
weekend he's
been president's incredibly involved so
do you think he needs to hold a meeting
here at the white house
i think mark and i spoke to the
president something like eight or ten
times yesterday
the president wherever he is is
available around the clock for us i
spoke to him very late last night
i'll be speaking to him again this
morning the president is fully available
so that's not an issue at all
mr secretary he said that the feel is
under review why did the president say
he's getting it
is there a deal on his desk have it sold
to the us
well let me be clear i can't comment on
specific discussions
that the committee or i have had with
the president what i will confirm
is because tic toc acquired a u.s
company it was subject to syphilis
jurisdiction the civilians committee
unanimously made a recommendation
that's one alternative which could force
a sale president as i said can also use
haiba as he's discussed
and there is enormous bipartisan support
we are not keeping tech talk in its
current form
where the app can send back information
and location on 100 million americans
realistically when do you think a deal
can get done what is your best hope i
have no idea
now this upcoming segment is an
important segment because of two factors
number one steven mnuchin clearly said
that there's a consensus about stimulus
checks so it's very clear
that stimulus checks 2.0 are indeed
coming 1200
stimulus checks plus 500 per adult
dependence so those are definitely
coming
there's consensus between both the
republicans and the democrats about that
but he said something that i thought was
super interesting he said that there was
involvement
from the senate majority leader mitch
mcconnell i personally find this very
interesting because if you
if you've been following my channel
there were clear signs a couple of days
ago
that the main priority of the senate
majority leader which was a liability
protection was essentially being
abandoned
i you i use the word sabotage and then
after that there were reports on cnn
that the senate majority leader
basically told individual senators that
you know if you don't want to support
the president in an effort to get
re-elected
back to the senate then you don't have
to so it seems that there were some
signs of discord
but i think that there is some unity if
you will
positions and circumstances have changed
there were some conflicting statements
from mark meadows as well and i did talk
about that in previous videos
but it does seem like now there is
consensus about
the involvement of senate majority
leader mitch mcconnell which is crucial
from a constitutional standpoint whether
you like it or not senate majority
leader mitch mcconnell is a part of this
equation in negotiating the deal with
the democrats it is the way the system
is built so let's hear about steven
mnuchin talking about the stimulus
checks and the involvement of mitch
mcconnell
in this clip about this jefferson
separate than the insurance
do we have an idea of kind of what an
outward deal would say our president
supports the exact
same amount there's some minor changes
allowing additional
uh additional people uh to get it but
the president supports the exact
same amount and in discussions with the
democrats they've they've agreed to that
concept
i know the first time you guys need to
get the system
so if i could get that passed tomorrow i
could start printing on the following
week we did it the first time
i can get out 50 million payments really
quickly a lot of it into
people's direct accounts that's going to
have an enormous impact on the american
economy hard-working americans so
i want to get that done where's mr paul
this is there a negotiating position
aligned with senate republicans
absolutely absolutely mitch is involved
again
he's in discussions with us constantly
the staff was in the office yesterday
with them uh his staff is working with
us again today
which is also completely involved and
we're not doing anything without mitch
mcconnell's being involved and he's
agreeing to what we're doing
now i will link you to the original
interviews in the description section
below so definitely make sure you check
them out now let's get to another
really important thing that steven
mnuchin said in a separate interview
he was asked specifically about the
president's priorities and the president
has made it clear
that his priorities are unemployment
benefit extension and the extension of
the eviction moratorium he specifically
said he wants more
money for the people and he was also
asked about what the republican proposal
was
and he said in a very interesting and in
a very telling sign
and we haven't heard this really
reported or covered before he said that
multiple things were being negotiated
and discussed in other words
they did make other proposals to the
democrats it's just up to the democrats
now to reach a consensus with the
republicans
let's listen to this extremely
interesting segment of another interview
that steven mnuchin did
in the past 24 hours well let me first
say that
mark meadows and i have been updating
the president regularly
and he is concerned because he's most
focused on we've got to get kids back to
school we've got to deal with the
unemployment issue we have to deal with
renters that are now at risk of being
evicted
and the president wants us to get a deal
done quickly because this is important
to the american people
now i would just say across both parties
there are different things that are very
contentious
the democrats right now are insisting on
over a trillion dollars to the state
and local governments that's something
that we're not going to do to bail out
those states that had financial issues
but there's definitely areas of
agreement things like the ppp
i think there's enormous bipartisan
support things about checks in the mail
i think there's enormous
bipartisan results so mark meadows and i
will be back there every day
until we reach an agreement we
understand there's a need to compromise
but on the other hand
there's also a big need to get kids into
school
get people back to jobs and keep the
economy open
and keep people safe you know speaker
pelosi said the republican offer was 200
not the 600 people have been receiving
that's a huge cut for people with
mortgages and rent payments and trying
to feed their families
well there was a 600 offer for one week
i i'm not going to
make public comments but mark meadows
and i have made three or four different
offers
that deal with the enhanced unemployment
i think as you said steny hoyer and
others understand
that unemployment is supposed to be wage
replacement so it should be tied
to some percentage of wages the the fact
that we had a flat number was only an
issue of an emergency
where we had 30 year old computer
systems so i think on the concept we
absolutely agree on
enhanced unemployment we want to fix the
issue where in some cases people
are overpaid and we want to make sure
there's the right incentives but again
let me just emphasize we put on the
table a proposal
let's extend it for one week at the same
rate while we negotiate so we don't hurt
the american public so as you can see
we're getting closer and
closer but we're not there yet now let's
take a look at the other side
of the aisle there have been some
positive and some encouraging signs from
the democrats in the past
few hours in the new york times it was
reported that mark meadows the white
house chief of staff said
we still have a long ways to go and he
said that he's one of the lead
negotiators on behalf of president trump
and on cbs's face the nation he said i'm
not optimistic
there will be a solution in the very
near term now this was from the
republican side
now in the wall street journal it was
reported that
nancy pelosi said the 600 is essential
it's essential for america's
working families and treasury secretary
steven mnuchin who we who we showed
earlier he said
we absolutely agree on enhanced
unemployment we want to fix the issue
when in some cases people are overpaid
and we want to make sure that that
there's the right incentives because
that's been the republican position all
along
now nancy pelosi did say on sunday
that the enhancement for unemployment
insurance should relate
to the rate of unemployment this is
where things get really interesting
because we haven't really
heard this in a concrete manner from the
democrats before which shows
and again this is a positive sign this
shows that they are sort of
thinking slightly outside the box in
order to get to a viable solution that
comes closer to what the republicans
want
so i do see this as a good sign because
initially they were like no no the 600
a week has to be extended all the way
through 2021.
now they are budging a little bit
because again we have to enter what i
call as a zone of compromise the zone
of negotiation because two sides can't
that the sites can't get anything done
without the other
so she said that the 600 benefit could
be wound down
once the economy was on firmer footing
now under such a proposal called the
automatic stabilizer method
this was reported in the wall street
journal benefits would decline once the
unemployment rate had improved
again this is an idea called the
automatic stabilizer because it would
automatically reduce
spending on the unemployment benefits
the system would reduce spending
on the program as the economy recovers
as the unemployment rate got better
so a lot of a lot of negotiators have
hoped that this idea kind of bridges
the gap between the two sides so
everyone continues to meet at the time
i'm recording this video
there's a meeting between nancy pelosi
chuck schumer and
meros and mnuchin on the other side it's
probably taking place right now as we
speak so that's what's going on now
and mr schumer did tell reporters we're
not close yet
but it was a productive discussion after
their last meeting
and he did say and i quote these are the
best discussions
we've had so far and by the way this is
why i said there was positive news this
was encouraging
uh mark meadows did say on sunday that
we these talks were a step in the right
direction
but he did say he was not optimistic
that a deal would emerge in the very
near term those are the exact words
again these are very fluid negotiations
as soon as news comes out you'll hear it
from me
so that was the update everyone and now
i'm going to get to the surprise
that i have for you as some of you know
in my previous video i did sort of an
impromptu wrap in my patio it was a
pretty goofy little rap thing that i did
and a lot of you liked it
and just so you know i enjoy music one
of my hobbies is
writing lyrics singing songs i actually
some of my favorite artists some of my
favorite bands include the beastie boys
smashing pumpkins stone temple pilots
green day i remember the first time i
heard green day
i heard them for six hours straight my
head was hurting
and then i you know i just had to get a
glass of water and then i heard them for
another six straight hours because i
i enjoyed it so much so i'm a big fan of
all kinds of music rap hip-hop
a little bit of heavy metal not a whole
lot so that's my favorite genre so what
i did over the weekend
was i really thought about the situation
that we are in and in a sense you know
we feel that the government
is making decisions that's impacting our
lives which is which is basically what's
happening
in these closed doors between nancy
pelosi chuck schumer mark meadows and
steven mnuchin
they are making decisions that involve
more than 30 million americans on
unemployment so in a sense
you know they they they control our
near-term future
in a way so that got me thinking because
in my mind the government is not our
ruler i believe each one of us
is our own ruler and that made you know
and then i ended up writing a song
a song called RULER and so I wrote the
song and I did the vocals by myself
because I think we're living in the
middle of a comedy. I think we're living
in the middle of a satire. In fact this
reminds me of a quote from one of my
favorite actors Joaquin Phoenix in the
movie JOKER
which i'm sure you've seen. If you
haven't, you gotta check it out. So
in the movie he says, I thought my life
was a tragedy
but now i realize it's a comedy. So the
lyrics of this song are in the
description section
of the video below so you can definitely
check out the lyrics if you want. This
song is about the government,
it's about pain and shame, it's about us
essentially taking control of our own
lives and us essentially being
our own rulers because I do believe at
the end of the day you are the ruler
of your own life and we have to overcome
blame, we have to overcome shame
and take control of our own lives. So
before I introduce you to the song I
just want to say if you learned
something new from this video
please click the like button below.
Please enable notifications and please
click the subscribe button so you get an
instant update from me going forward. I really
hope you enjoy this song.
I did this for you guys
and I do write lyrics and I do vocals
once in a while so this is the first
time i'm doing something like this. I
hope you guys like it.
All my subscribers, ladies and gentlemen,
boys and girls
this is the worldwide premiere of the song
RULER. Enjoy!
This song is called ruler
it's about pain
deep pain, infinite gain
I've been poor most of my life
no stranger to a life of strife
I know glory I also know shame
you can make this life about choices
or you can make it about blame
you can be one of the lonely voices
and you can live a life of shame
as for me I'm the warrior, the fighter
always faster, smarter and lighter
always the one to overcome his shame
to win his own game, this game
but the darkness is oh so dark
it comes before the dawn
the darkness before the dawn
the darkness before the dawn
when you see the light
it's oh so bright
that's when you know you have it going on
 that's when you know you have it
going on
lies are always mixed in with the truth
it's a lesson I wish I learnt in my youth
our leaders they try their best
but sometimes they are jokers
they are playing with our lives
they're playing with fire
we elect clowns, we get a satire
they think they know us, they're just the
act in a big circus
so you know what to do, what's best
sit back, take control
and enjoy the jest
In the end I am the warrior, the ruler
my life, friends and family are my gems
I don't need no help, because they're here
they make me my own jeweler
deep pain, infinite gain
deep pain, infinite gain
