Ones and Tooze Election Episode 2024
10 snips
Nov 6, 2024 The discussion dives into the potential implications of Donald Trump's return, especially on U.S. policy worldwide. Economic factors, particularly inflation, are a major focus, alongside Europe's military challenges. The conversation also tackles the future of Ukraine amidst shifting political landscapes, emphasizing resilience and past miscalculations. Furthermore, the impact on global climate strategies under a new Trump administration is scrutinized. Lastly, insights into Chinese perspectives on American politics reveal significant international concerns.
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Economic Issues in the Election
- Three economic issues were on the ballot: inflation, protectionism, and migration.
- All three favored Trump, exacerbated by Harris's weak economic policy narrative.
Democrats' Economic Dilemma
- Democrats faced a difficult situation with post-COVID inflation, not primarily due to policy errors.
- They chose to avoid stagflation by running the economy hot, benefiting American workers.
Germany's Defense Spending
- Germany's defense spending, despite reaching 2% of GDP, involves budgetary maneuvering.
- Their actual regular defense budget remains at 1.2%, highlighting a lack of commitment.
