Biden meets with business leaders on rescue plan

President Joe Biden meets with business leaders at the White House to discuss 'the critical need for the American Rescue Plan to save the economy. (Feb. 9)

Video Transcript

JOE BIDEN: I'm inviting in some of the leading businesspeople in America. I'm going to talk about the state of the economy, our recovery package. We're going to talk a little bit, God willing, about infrastructure down the road, and also about a little about minimum wage.

But American people are hurt. A lot of people are in real, real trouble. A lot of people are going to bed at night staring at the ceiling wondering whether they're going to be in that apartment the next day, are they going to be evicted, or are they going to keep their mortgage payment up, are they going to have any health insurance? We've got millions of people unemployed.

As Secretary Yellen pointed out, we have a scarring effect that may be going on, and could get worse. We have kids not in school. There's a whole range of issues, but I think they're all soluble. I think they're all within our capacity. I know I've met for a long time with my Republican colleagues. I've been exchanging correspondence with them and telephone calls as well to see if there's any way we can follow up beyond where we are.

I'm meeting with the members of the House and the Senate as well. And I think we're-- I think we're in a position to think big and move big, and move in a direction that can not only get the economy back on its feet, but we have to get people well before we get people on their feet. And we've focused a lot of the attention on making sure that we deal with the coronavirus, get it under control, as well as we have to deal at the same time with the employment deal. We have to deal at same time with business growth of the economy.

We can't let one wage, can't get everybody well, and then move on the economy. We have to move quickly on both, and I'm anxious to hear what these business leaders have to say about how they think I'm approaching this issue-- we're approaching this issue, and to see if we can find some common ground. I know I've found some common ground with some of my Republican friends, a lot of Democrats as well. So I'm optimistic.