Americans Say The Economy's Bad, But Spend Like It's Good

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.5 • 24.9K Ratings

🗓️ 13 May 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does that distinction mean for Democrats' political fortunes come November? Will the 2024 look more like the 2022 midterm elections, where voters backed Democrats despite a struggling economy? Or is it 1980, when inflation and an unpopular Democratic president led to a surge in Republican power?

This episode: White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, and national political correspondent Mara Liasson.

This podcast was produced by Jeongyoon Han, Casey Morell and Kelli Wessinger. Our editor is Eric McDaniel. Our executive producer is Muthoni Muturi.

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Transcript

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0:00.0	This message comes from NPR's sponsor, Organic Valley, the farmer-owned cooperative dedicated to providing ethically sourced food from small organic family farms.
0:10.0	Discover how you can support local organic farmers at oV. coop slash ethically sourced.
0:17.0	Hi, this is Andrew in Westfield, Indiana, and I've been out Bush, sorry, mowing my lawn.
0:22.0	It was a beautiful Sunday afternoon.
0:24.0	I know what that's like.
0:25.0	This podcast was recorded at 12.36 PM Eastern Time
0:28.0	on Monday, May 13th of 2024.
0:31.0	Things may have changed by the time you hear it but I'll still be mowing my
0:34.6	way through my NPR Politics Podcast playlist. All right here's the show. He should just let it be a meadow.
0:45.0	Hey there, it's the NPR Politics Podcast.
0:50.0	I'm Asma Khalid, I cover the White House.
0:52.0	And I'm Mara Liason, national political correspondent.
0:55.2	And today on the show, Joe Biden's economy,
0:58.2	how Americans are spending money in this economy,
1:00.8	and how they say they are feeling about this economy.
1:03.8	To help us make sense of it all, we are joined today by a friend of the show, NPR's Chief Economics
1:08.1	Correspondent Scott Horsley and hey there, Scott, it's always good to have you.
1:12.1	Good to be here. My lawn is my flag.
1:15.0	So Scott, I want to begin with a breakdown of a few key indicators we have of the current state of the economy.
1:23.7	Can you give us a snapshot of what the economic picture looks like at this moment?
1:27.8	Sure. Well, the job market remains really strong.
1:31.6	U.S. employers added 175,000 jobs in April. That was slower than the pace
	...

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