Biden says ‘we have to act now’ to address the economy

During a remarks on Friday, President Biden highlighted the dire economic situation many Americans are facing as the pandemic rages.
“We cannot, will not, let people go hungry. We cannot let people be evicted because of nothing they did themselves,” Biden said. “I cannot watch people lose their jobs … We have to act. We have to act now.”
“It's not just to meet the moral obligation to treat our fellow Americans with the dignity and respect they deserve, this is an economic imperative,” he added, noting there is a growing consensus among top economists calling for big action to buoy the economy in this moment of crisis.
Biden touted his $1.9 trillion economic rescue plan, saying it has received broad, bipartisan support.
The president cited a Moody’s analysis that estimates the plan will result in the economy creating 7.5 million jobs this year alone.
“We have to do this, we have to move,” the president said.
“We’re going to finish the job of getting a total of $2,000 in direct payments to folks,” Biden added, noting that the $600 payments that passed in late 2020 is “not enough.”
“I look forward to working with members of Congress of both parties to move quickly to get this American rescue plan to the American people,” the president said.
After his remarks, Biden signed two executive orders -- one that will provide expanded food assistance and one that will launch a process to require federal contractors to pay their workers a $15 minimum wage and provide emergency paid leave.






