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The Indicator from Planet Money

America's economy is the envy of the world. Will it stay that way?

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 6 November 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Donald Trump's victory in this year's election had a lot to do with how many Americans feel about the US economy (surprise: not good). But Simon Rabinovitch, US Economics Editor for The Economist, argues that, despite the turmoil of the past few years, America's economy remains the envy of the world. Today on the show, Simon explains why that is, but also why he believes a Trump presidency puts America's 'economic exceptionalism' at risk.

The envy of the World - The Economist

Related episodes:
How much do Presidents ACTUALLY influence the economy? (Apple / Spotify)
Why are some nations richer? (Apple / Spotify)

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Transcript

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0:00.0

NPR.

0:02.0

This is the indicator from Planet Money.

0:13.3

I'm Adrienne Ma.

0:14.5

And I'm Darren Woods.

0:15.8

A big part of Donald Trump's victory in the presidential election came down to the economy.

0:21.5

A vast majority of Americans think that the economy is not working in their interests.

0:27.0

Simon Rabinovich is U.S. economics editor for the weekly magazine The Economist.

0:31.5

The thing, though, is that when you look at America relative to other rich world countries,

0:37.0

to other developed advanced economies,

0:39.5

America is doing and has done remarkably well.

0:44.1

There's a disconnect there, right?

0:45.9

Millions of Americans' personal economies are not feeling good,

0:50.3

which is partly why Donald Trump made huge gains with voters across the country.

0:55.3

But as Simon points out, the U.S. economy as a whole is doing really well.

1:01.3

Today on the show, Simon lays out his argument for why the U.S. economy has been

1:05.3

and continues to be the envy of the world.

1:08.8

But also why, with the election of Donald Trump,

1:11.9

America's economic exceptionalism could be at risk.

1:18.2

Who's claiming power this election?

1:20.9

What's happening in battleground states?

1:23.3

And why do we still have the electoral college?

1:26.9

All this month, the ThruLine podcast is asking big questions about our democracy

...

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