What Really Matters with Walter Russell Mead
The Scourge of Elite Corruption
Jan 26, 2024
Topics discussed include improving consumer sentiment, Biden's Houthi strategy, Harvard's misconduct allegations, brokenness of American institutions, and the importance of science fiction in shaping thinking about human society.
36:49
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Quick takeaways
- An improving economy increases Biden's likelihood of winning reelection and weakens Trump's rhetoric.
- Corruption within American institutions threatens the foundations of society and can amplify destructive political movements.
Deep dives
Improving Economy Boosts Biden's Chances of Reelection
Americans are becoming more optimistic about the economy, with sentiment surging almost 30% since November 2021. The improving economy, along with lower inflation and signals from the Federal Reserve on interest rate increases, is positive news for President Joe Biden. While it may take a few months for these economic improvements to translate into real political news, an improving economy increases Biden's likelihood of winning reelection. Additionally, if the economy continues to perform well, it weakens former President Donald Trump's rhetoric, as people perceive their own financial situations positively.
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