Yang "thrilled" Trump administration is considering giving thousands of dollars ito US residents

WIKI COMMONS

Andrew Yang offers his assistance to the White House.

Maybe mainstream media should have taken Andrew Yang a little bit more seriously. 
The Donald Trump administration is pushing to give every adult $2000 in order to jumpstart a quickly slumping economy impacted by the coronavirus.

As the former candidate for the Democratic nomination for president, Yang's main talking point was a proposal to give every adult in the US $1000 every month as a universal basic income, which he dubbed the Freedom Dividend.

“I’m incredibly excited by the fact that our government seems like they’re on the cusp of doing the common sense thing to help people get through this coronavirus crisis by putting cash straight into a family’s hands,” Yang told Time magazine.

He claimed the extra money would be spent by the vast majority of the recipients stimulating the economy, he said, from the bottom up. The "trickle up" economy would be in contrast to the trickle down theory that never worked but loved by Republicans.

In a statement from his newly formed nonprofit Humanity Forward, he offered the White House any assistance in dispensing the stimulus money.

In a Tuesday White House briefing, Treasury Secretary Steve Mnuchin said the administration was "looking at sending checks to Americans immediately," beginning as early as two weeks from now.

In a rare display of bipartisanship, a group of Republican and Democratic Congressmembers, including Republican Sens. Mitt Romney and Tom Cotton and Democratic Reps. Ilhan Omar and Joe Kennedy III, are introducing legislation to establish an emergency cash stimulus that goes directly to Americans. Some proposals would give up to $6,000 for those who earn less than $65,000.

As sections of the country implement variations of self-quarantines, businesses are being impacted such as restaurants, retail, entertainment, professional sports have shut down. Airlines and the cruise industry have had to cut back on flights and cruises, respectively. Manufacturers such as Ford, GM  and Fiat Chrysler are temporarily shutting down their factories. Employees are losing their jobs or layed off.

The jittery stock market as dropped precipitously this past week. All the gains since Trump took office are gone and shows no signs of rebounding. 

As Trump tried to calm investors, he admitted the US might be headed to a recession. 

As of this morning (March 19), the coronavirus toll continues to climb, approaching 9,000 cases in the US where there have been at least 153 deaths.

Yang told CNN he's "thrilled they're doing the right thing" and that "giving cash into American families' hands is 100% the right move."

"It is vital to help tens of millions of American families to keep their heads above water during this time," Yang said.