This podcast covers the shift of voter concerns to immigration, 'doom spending' trends, GOP's budget for illegals, European farmer protests, and the debate on massive deflation with George Gammon and Kathy Wood.
18:26
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Immigration now tops voter concerns over inflation in the US, impacting political landscape.
One in four Americans resort to 'doom spending' amidst economic uncertainty and stress.
Deep dives
Immigration as Top Concern of American Voters
According to a recent poll, immigration has overtaken inflation as the top concern of American voters. This shift is significant, considering that immigration was also a key issue in the 2024 election that propelled Donald Trump into the presidency. The poll found that 35% of voters named immigration as their top concern, followed closely by 32% who cited inflation. The Biden administration's handling of the immigration situation, including the open border policies and the apparent disregard for voter sentiment, is a point of contention among Republicans, independents, and even a plurality of Democrats.
Doom Spending and Economic Stress
A study conducted by Intuit indicates that tens of millions of Americans are resorting to 'doom spending', which involves spending beyond one's means to alleviate stress. The study reveals that 96% of Americans are concerned about the current state of the economy, and 56% are living paycheck to paycheck, with less than $2,000 in savings. Furthermore, almost one in four Americans have no savings at all. Inflation and unaffordable housing are the main concerns driving this financial stress, particularly among young adults who are struggling to find well-paying jobs. The study suggests that as economic hope dwindles, individuals are abandoning long-term financial plans and resigning themselves to a future of financial uncertainty.
European Peasant War and Farmers' Protests
Europe is experiencing widespread protests by farmers against environmentalist mandates that are driving them into bankruptcy. These protests, dubbed the 'peasant war', have taken place in countries such as the Netherlands, France, Germany, Italy, Poland, and Belgium. The farmers' anger stems from policies that impose climate change and biodiversity regulations on their supply chains, making it difficult for them to compete with countries not bound by such strict measures. Despite attempts to downplay the protests, the farmers have gained significant public support, with polls indicating that up to 89% of voters agree with their concerns. The response of Europe's elite, who often dismiss blue-collar workers' grievances, will shape the future of the region's agricultural sector and its commitment to spend and destroy policies.
In this Episode: - Immigration is Now Top Voter Issue, even as Inflation Remains Top Concern. - One in Four Americans now "Doom Spending" - GOP wants $155b for Illegals and Corporate Lobbyists - "Peasant War" in Europe as Farmers Rebel - Is Massive Deflation Coming?
Read the full article “Is Massive Deflation Coming?" at www.profstonge.com.