The Bulwark Podcast S2 Ep1021: Josh Barro: Total Idiocy
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Apr 15, 2025 
Josh Barro, a keen policy commentator and newsletter writer, teams up with Rep. Chris Deluzio, a Democratic congressman focused on economic policies for working-class families. They dive into the implications of Trump's economic strategies, discussing how tariffs could hinder buying power and inflate prices. Deluzio argues for smarter tariffs to protect local interests, while Barro highlights the potential economic turmoil looming from a weaker dollar. Humor and sharp insights blend as they tackle the complex interplay of trade, labor, and political strategy.
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Bond Market and Recession
- The U.S. dollar and treasury bonds usually strengthen during global crises due to a flight to quality.
- However, current market trends suggest a weakening dollar and rising interest rates, indicating investor concern about the U.S. economy.
Global Impact of Trump's Policies
- Trump's policies on tariffs, immigration, and security partnerships are creating global uncertainty.
- This uncertainty discourages long-term investments in the U.S. and may be difficult to reverse.
Congress and Tariff Changes
- Congress has the power to implement tariff changes, even if the President might veto.
- Representatives like Don Bacon and Mike Lawler could push for these changes now.