Today, Explained

Why we’re all populists now

18 snips
Jul 30, 2024
In this discussion, Jeff Stein, a White House economics reporter for The Washington Post, unpacks the rising wave of economic populism impacting both major political parties. He highlights how candidates like Trump and Harris are distancing themselves from Biden's economic policies. The conversation dives into the frustrations of the working class, revealing how these sentiments are reshaping party platforms. Stein also traces the historical roots of economic populism in the Democratic Party, detailing its evolution from the New Deal to current challenges.
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INSIGHT

Populism in 2024 Election

  • The 2024 election features candidates embracing economic populism.
  • This is driven by a desire to address economic frustrations and appeal to working-class voters.
INSIGHT

Rise of Populism

  • Economic populism gained traction after Trump's 2016 election, highlighting policy inadequacies.
  • The shift reflects a broken free trade consensus and rising economic anger, particularly in the Rust Belt.
INSIGHT

Trump's Economic Stance

  • Trump's economic policies blend anti-populist tax cuts with populist trade protectionism.
  • He appeals to both traditional conservatives and those seeking protection from global competition.
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