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The Lincoln Project

138: The I-Word with Ron Insana

The Lincoln Project

The Lincoln Project

News, Government, Politics, News Commentary

4.69.1K Ratings

🗓️ 3 June 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Host Reed Galen is joined by Ron Insana (Senior Analyst and Commentator at CNBC) to discuss that current state of inflation and how it got this way, what is on the horizon for the American economy, and what are the potential consequences for corporations who waffle on key issues tied to our nation’s democracy. Plus, why is there an abundance of shock and awe when history inevitably repeats itself?

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Transcript

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0:00.0

Hey, everybody, it's Reed.

0:01.4

You normally hear me, but today I brought along Rick Wilson.

0:04.5

Rick, tell the good listeners of the Lincoln Project podcast what we need them to do.

0:08.8

Join the union dot us. The union is a way for folks to be matched to campaigns and causes and

0:15.1

candidates around this country to match your specific interests and skills where it can make an

0:20.2

enormous difference. Go to join the union dot us today. We really think it's using the power of

0:26.1

matching people's ambitions and their talents with candidates in a way that really makes a

0:30.6

difference. Get involved. And now on with the show.

0:42.4

Welcome back to the Lincoln Project. I'm your host, Reed Gailan. Today, I'm joined by Ron and

0:48.0

Son, senior analyst and commentator at CNBC and a senior advisor at Troters North America.

0:54.0

Ron has been a highly respected business journalist and money manager in forever three decades

0:58.4

has written four books about Wall Street and is a sought after lecturer on domestic and global

1:02.9

economics, financial markets and economic policy issues. Today, he's coming to us from Inglewood,

1:08.3

New Jersey. Ron, welcome to the show. Reed, thanks for having me. It's pleasure. So today, Ron,

1:13.6

I want to talk about what you think is on the horizon for the American economy, as well as the

1:18.3

potential consequences for corporations waffling on where they stand on key issues related to our

1:22.9

democracy. But first, I want to talk about the i word and that's inflation. So let's get into it.

1:29.4

So Ron, based on polling and many news reports, inflation is the number one economic issue on the

1:34.7

minds of voters and Americans and how it plays out be critical in November. Americans are experiencing

1:40.8

the highest inflation rate increases since I was a little kid. I mean, Ron, I don't remember it

1:45.2

and is seeing the steepest increases in the cost of housing, meat, cars and obviously we see

1:49.8

gasoline all the time. Earlier this week, President Biden announced a three-part plan to fight inflation.

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