Elizabeth Warren Rips Covid-19 Relief Bill: ‘It Is Just Not Enough’
WARREN: "Congress just passed a stimulus and it is just not enough relief. We need to do more in a Biden Administration. And to understand why, let me break down the economic alphabet."
REPORTER: "We expect more of kind of a W-shaped recovery..."
CUSTARD: "...a U-shaped recovery..."
CRAMER: "We're having a V-shaped recovery."
WARREN: "Don't worry, it's not Greek. It's just simple economics. The letters represent the shape that the economic recovery looks like when you chart it on a graph. Donald Trump likes to talk about one letter in particular."
TRUMP: "We've been talking about the V. This is better than a V. This is a rocket ship."
WARREN: "The fantasy of a V-shaped recovery is that the downward dip in the economy will get erased as the economy recovers right back to where it was before. The V makes it look like everyone dips down and jumps back equally, but that's not what's happening. What's happening is a K-shaped recovery.”