We Can Do Hard Things Inside a WTF Week: Stock Market Nosedives, Dept of Ed Decimated & the Elon Circus with Jessica Yellin
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Mar 13, 2025 Jessica Yellin, founder of News Not Noise and former CNN chief White House correspondent, joins to dissect a chaotic week in news. She dives into the impacts of recent tariffs on the U.S. economy and consumers, and the looming threat of a government shutdown. Yellin also unpacks the drastic cuts to the Department of Education and explores the controversial influence of Elon Musk in political discussions. With her signature humor and insights, she helps navigate this turbulent landscape and the challenges of information overload.
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Economic Instability
- Trump's refusal to rule out a recession, combined with tariff policies, caused stock market instability.
- This broke with presidential norms of projecting economic confidence, worrying investors.
Tariff Impact
- Tariffs are taxes on imported goods, paid initially by importing companies, but passed to consumers.
- This leads to higher prices, reduced consumption, and potential retaliation from other countries.
Tariff Strategy
- Trump's tariff strategy aims to generate revenue, possibly to offset tax cuts for the wealthy.
- Another theory suggests he uses tariffs as leverage in trade negotiations or for access to resources like rare earth minerals.