Cathy interviews Bloomberg Economist Kathryn Anne Edwards about the coming, completely avoidable, recession. In no universe should the U.S. go from under 4% unemployment to staring down a recession in less than 100 days.
Kathryn describes how Donald Trump manufactured a recession through tariffs, and explains how useless massive tax cuts over the last 20 years have given us nothing but a broken society, national debt that's trending in the wrong direction, and non-solutions to market death with almost nothing in return for the vast majority of Americans. And their next target is Social Security and Medicare. Republicans are setting the stage to gut thew most popular and successful government program in history, all for yet another useless tax cut for the rich.
In spite of this, Kathryn preaches optimism, saying the only victory for Trump and Elon Musk is for people to give up on a better future. This is why Trump is such a fan of prefacing his horrible policies by saying, "what do you have to lose?" He knows so many people have lost faith that things can get better. But nothing they are instituting cannot be undone, we just have to finally agree to fix our problems. We are three bills away from a thriving society.
All for less than the price of a cup of coffee...
Check out Kathryn's new podcast, Optimist Economy, here.
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