#1304 The Coming Recession and How Progressives Can Prepare For It
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 11 September 2019
⏱️ 75 minutes
🧾️ Download transcript
Summary
Air Date: 9/10/2019
Today we take a look at the economic indicators portending a recession, the global impacts of Trump's trade war with China and then look ahead to what policies progressives should be ready to implement when the next inevitable recession eventually hits.
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SHOW NOTES
Ch. 1: Economy About To Crash, Senator Warren Sounds the Alarm - The Young Turks - Air Date 7-22-19
Sen. Elizabeth Warren on Monday predicted an imminent economic crisis unless the Trump administration and Congress quickly pass legislation to regulate the financial sector and significantly reduce middle-class household debt
Ch. 2: Should We Be Worried About A Recession with Nancy Cook - The Takeaway - Air Date 8-23-19
The ongoing trade war with China, a weakened global economy, and a lack of investment by companies indicates that a recession might be looming.
Ed sits down with CAP Senior Economist Gbenga Ajilore to discuss warning signs in the economy, what they might mean, as well as some of the contributing factors.
Ch. 4: Dr. Gerald Horne On China Tariffs and Trade Wars - Sojourner Truth - Air Date 6-3-19
Dr. Gerald Horne discusses Trump's trade war with China and the impact on US and China's economies.
International economist Mary Lovely discusses the ways in which Trump’s tariffs are affecting the economy and what the future could look like.
Ch. 6: Trumps Trade War - Frontline PBS - Air Date 5-10-19
The inside story of President Trump’s gamble to confront China over trade. Reporting from the U.S. and China, FRONTLINE and NPR investigate what led the world’s two largest economies to the brink, and the billions at stake
Connie explains what policy proposals and political infrastructure will successfully orient our recovery from the next recession toward economic outcomes that reduce, rather than boost, wealth inequality around racial and gender lines.
VOICEMAILS
Ch. 8: Vote by mail why don't you? - Chris from San Diego
Ch. 9: Nancy's my hero - Alan from Connecticut
Ch. 10: Medicare doesn't pay for everything - Jeff from Charlotte, NC
FINAL COMMENTS
Ch. 11: Final comments on Vote-By-Mail and IMPROVED Medicare For All
MUSIC(Blue Dot Sessions):
- Opening Theme: Loving Acoustic Instrumental by John Douglas Orr
- Neil Takes Two - Studio J
- Topslides - The Cabinetmaker
- Pat Dog - Landsman Duets
- When We Set Out - Arc and Crecent
- Interlude - The Nocturne
- Beast on the Soil - Desert Orchard
- Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent
- Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent
Produced by Jay! Tomlinson
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Transcript
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| 0:00.0 | Welcome to this episode of the award-winning Best of the Left podcast, in which we shall |
| 0:07.0 | learn about the effects of Trump's trade war with China on the global economy, the impending |
| 0:12.2 | recession many believe is approaching, and what progressive policies we need to be ready |
| 0:17.2 | to implement when it inevitably hits. |
| 0:20.5 | But before we get started, I just wanted to remind you that we are massively supported |
| 0:24.2 | by members and donors to the show, and if you want to support the work we do, just |
| 0:28.1 | two bucks a month get you an ad-free version of every episode, while full membership gets |
| 0:33.0 | you that plus members only bonus content with extra clips and commentary. |
| 0:37.9 | We're in particular need of new members right now, we have Trump fatigue syndrome, hitting |
| 0:42.5 | us on one side with members and former listeners sort of fading away over time, and of course |
| 0:48.4 | we have the new threat of the impending recession, which means that we are very likely to take |
| 0:53.9 | a hit in advertising dollars when the bottom drops out. |
| 0:57.8 | It is going to be the support of members giving just a few bucks a month that's going |
| 1:01.4 | to carry us through any rough times ahead, so if you get value out of this show and you |
| 1:05.9 | can afford a few dollars to support it, sign up at patreon.com slash Best of the Left, |
| 1:11.7 | or you can visit the Contribute tab at BestOfLeft.com. |
| 1:15.6 | And now onto the show, clips today come from the young Turks, the Takeaway, Thinking Camp, |
| 1:21.8 | Low-Juner Truth Radio, 538, Front Line, and Pitch Fork Economics. |
| 1:28.8 | Elizabeth Warren is finally sounding alarms on what the reality is of our economic situation. |
| 1:38.8 | And I say finally because we keep hearing the media regurgitate talking points about how |
| 1:43.8 | do economy is doing so well, oh my god, would you look at the GDP, would you look at how |
| 1:48.0 | the stock market's doing? |
... |
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