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Ones and Tooze

How the U.S. Election Will Affect the Economy

Nov 1, 2024
The podcast dives into the stark contrasts between the economic platforms of Harris and Trump, questioning how the election might reshape the U.S. economy. It examines recent job growth and the Democratic Party's shift towards labor-focused policies. The potential impacts of a Trump presidency, including tax cuts and rising income inequality, are discussed. The episode also touches on North Korea's significant military involvement in Ukraine, exploring the implications of this new front on global politics and the U.S. economy.
46:25

Podcast summary created with Snipd AI

Quick takeaways

  • The contrasting economic platforms of Harris and Trump highlight the potential for significant shifts in U.S. economic policy trajectories depending on the election outcome.
  • Bidenomics, while aiming to revive manufacturing and enhance labor interests, raises questions about its true departure from previous economic practices amid existing debt levels.

Deep dives

Economic Implications of the U.S. Election

The upcoming U.S. election holds significant economic implications, particularly with the reported addition of 775,000 manufacturing jobs since the Biden administration took office. The Biden administration's legislative framework, including major laws like the Inflation Reduction Act and the CHIPS Act, is expected to generate approximately 336,000 manufacturing jobs annually until 2035. This shift is framed as a revival of an economy that has struggled in the past, highlighting a stark contrast between the economic platforms of current political candidates. The framing of these job additions is critical as it not only indicates a potential change in the economic trajectory of the United States but also raises questions about the broader significance of this election in shaping future economic policy.

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