9/19/23: F-35 Crash Debris Found, Zelensky Caught Lying On 60 Minutes, Trump Ditches Debate For Union, CNBC Freaks At CEO Pay, Biden Home Prices, Maher Delays Real Time Return, MSNBC Defends Kamala, Obama Dem Blocks Billionaire Tax, Senate Dress Code
Topics discussed in this podcast include the discovery of F-35 crash debris, Zelensky's lies on 60 Minutes, Trump's decision to skip a GOP debate, CNBC's reaction to CEO pay debate, Biden's impact on home prices, Bill Maher's delay of Real Time return, MSNBC's defense of Kamala Harris, a billionaire tax regulation blocked by an Obama Democrat, and the Senate ditching the dress code.
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Quick takeaways
Housing affordability is a key economic issue that is causing financial strain and political implications for the Biden administration.
The UAW strike reflects the declining affordability of housing and highlights the challenges it poses to workers' demands and economic wellbeing.
Soaring housing costs are impacting President Biden's economic approval ratings and creating a sense of unattainability for the American dream.
Deep dives
Housing Affordability Declines to Record Low, Posing Challenges for Biden
Housing affordability has reached its lowest level on record, with Americans struggling to afford homes. This is particularly problematic for the Biden administration, as housing affordability is a key economic issue. The decline in affordability is evident in places like Milwaukee, where rental market conditions have worsened and mortgage burdens have increased. The situation is causing significant financial strain and making it difficult for people to find affordable housing. This issue is contributing to a sense that the American dream is out of reach, and could impact political support for Biden and the Democratic Party.
Debate on Auto Workers' Demands and Housing Unaffordability
A debate between a former National Labor Relations Board official and a Chamber of Commerce official highlighted issues of auto workers' demands and housing affordability. The UAW strike for better wages and benefits is seen as a reflection of the declining affordability of housing. The Chamber of Commerce official argued that the demands of the UAW, such as a 40% pay raise, a shorter workweek, and a return to defined benefit pension systems, would be detrimental to the auto industry. The NLRB official countered by pointing out that CEOs have had significant pay increases and that the burden on companies would be minimal given their record profits. The debate underscores the challenges posed by declining housing affordability and the impact it has on workers' demands and overall economic wellbeing.
Housing Costs Impact Biden's Economic Approval
Americans are grappling with soaring housing costs, which is affecting President Biden's economic approval ratings. While the economy has been touted as having a robust recovery, the burden of housing costs has left many Americans feeling the pinch. Housing affordability is a key issue for the middle class, and the current crisis implies that the American dream may be unattainable for many. This sentiment may impact political support for Biden and the Democratic Party, as voters struggle to make ends meet amidst soaring housing costs.
Milwaukee Sees Drop in Housing Affordability
Milwaukee is experiencing a significant decline in housing affordability. The city has seen one of the largest increases in mortgage burdens among the top 50 markets, along with a deterioration in the rental market. Workers in Milwaukee, already dealing with financial strains, are finding it increasingly difficult to afford housing, contributing to a heightened sense that the American dream is slipping away. This decline in affordability presents a challenge for the Biden administration, as it grapples with economic issues and attempts to address the growing housing crisis.
Car prices and affordability
Car prices, especially for new cars, have been soaring, making them unaffordable for many people. High financing costs and stagnant wages contribute to the affordability crisis. The speaker suggests that the lack of affordable housing is a key reason why people feel the economy doesn't work for them.
Bill Maher's decision to postpone show return
Bill Maher announced he would bring his show, Real Time, back despite ongoing strikes in the entertainment industry. However, he later postponed the show's return after facing public pressure and likely backlash from guests who didn't want to cross picket lines. The speaker and co-host question the true reasons behind Maher's decision and believe it may be due to a lack of guest bookings or pressure from his own staff and fellow writers. They speculate that Maher's initial justifications for the show's return were insincere.
Krystal and Saagar discuss the missing F-35 found in a debris crash in the Carolinas, Zelensky caught in a 60 minutes interview lying about drone strikes on Russia, will Republicans shut down the government over Ukraine Aid?, Trump ditches the GOP debates to give a Union worker speech, CNBC freaks at CEO pay debate, Americans turning on Biden over Home Prices, Bill Maher caves to the backlash and delays the return of Real Time, an MSNBC host gives a laughable defense of Kamala Harris, Krystal looks into an Obama Democrats working to block a billionaire tax regulation at the Supreme Court, and Saagar looks into the Senate ditching dress code for members and what it means for our country.