174: WaPo Op-Ed Columnist Catherine Rampell

The Al Franken Podcast

Government, Progressive, Politics, Senate, Liberal, Senator, Minnesota, Franken, News, Saturday Night Live, Comedy, Snl

4.6 • 7.7K Ratings

🗓️ 16 June 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the biggest issues in the coming election will be the economy. So how has President Biden done on that front? We talk to Catherine Rampell about Bidenomics and how the President should tout his economic record. His opponent, Donald Trump could be a disaster for the economy if his previous term is any indication. Catherine discusses what a second Trump term could look like and the difficulty even Republicans have with working with him.

Read Catherine’s latest here:

https://www.washingtonpost.com/people/catherine-rampell/

Transcript

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0:00.0	Hey, everybody, we got a great one today, you know, for a change, but also a depressing one,
0:11.5	because Catherine Rampel, the Washington Post columnist who writes about economics, will
0:17.0	analyze what Donald Trump's plans for a second term would mean for average Americans.
0:23.0	Here's a few hints.
0:24.9	Enormous tariffs, 10% across the board on products from China.
0:29.1	Now, let's make something clearer, as Catherine makes clear.
0:33.6	10% tariffs on Chinese goods makes Chinese goods more expensive, 10% more expensive.
0:40.9	We pay the tariffs.
0:42.8	The Chinese don't pay the tariffs.
0:45.4	We do.
0:46.2	Whoever importing it pays the tariffs.
0:48.9	Trump even talked about 100% tariffs on Chinese cars coming through Mexico.
0:54.5	Okay.
0:55.2	No American will buy a Chinese car then.
0:58.7	But China will put a huge tariff on our cars.
1:02.2	This means Chinese won't buy our cars.
1:05.3	Okay.
1:06.3	Fine.
1:06.8	Here's the craziest thing Trump wants to do.
1:11.0	Deport 12 or 14, he changes the numbers, undocumented immigrants.
1:16.8	12 or 14 million undocumented immigrants deported.
1:21.6	According to Catherine, that will have a devastating effect on our economy.
	...

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