Bloomberg Talks American Action Forum President Douglas Holtz-Eiken
Aug 6, 2025
Douglas Holtz-Eiken dives into the shifting landscape of Republican labor economics, contrasting traditional views with Trump's modern approach. He tackles the integrity of jobs data amid claims of manipulation, stressing the need for accurate metrics. The discussion also navigates the stagnation of the labor market, highlighting job losses and the Federal Reserve's challenges in fostering growth while controlling inflation. Finally, the economic impact of tariffs is examined, revealing how they may elevate taxes, inflate prices, and suppress consumer purchasing power.
AI Snips
Chapters
Transcript
Episode notes
Shift in Republican Labor Economics
- The Republican Party has shifted drastically in the last 20 years, becoming unrecognizable compared to traditional Republican labor economics.
- Both parties now use government power aggressively rather than focusing on limited government and personal freedom.
Jobs Data Credibility Under Attack
- The claim that the Bureau of Labor Statistics rigged jobs data lacks any evidence and harms government data credibility.
- The real issue is poor job numbers and declining quality of data collection methods at federal agencies.
Private Sector Jobs Stagnation
- Private sector employment, excluding health and education, has been stagnant or declining over recent months.
- The labor market is at a standstill with low hiring despite few layoffs, which is concerning for growth.