Biden's economic legacy in the final weeks of his administration
The 11th Hour with Stephanie Ruhle
MS NOW, Stephanie Ruhle
4.4 • 3.6K Ratings
🗓️ 11 December 2024
⏱️ 42 minutes
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| 0:00.0 | Tonight, Biden's economic legacy, the president celebrates a strong economy and warns the incoming administration against making a major mistake. |
| 0:10.0 | Plus, TikTok tries to stop a potential ban in the U.S. what it means for millions of American users. |
| 0:17.0 | And the suspect charged in the murder of insurance CEO Brian Thompson is denied bail. |
| 0:23.3 | Wright could take weeks before he's extradited to New York as the 11th hour gets underway on |
| 0:28.2 | this Tuesday night. |
| 0:35.3 | Good evening once again. I am Stephanie Ruhl. |
| 0:38.0 | And with Dustin six weeks left in office, President Biden today spoke about what he has been able to do for the economy since his presidency. |
| 0:46.3 | And he offered some important advice for his successor. |
| 0:49.9 | Watch this. |
| 0:52.2 | Most economists agree the new administration is going to inherit a fairly strong economy, |
| 0:57.4 | at least at the moment, an economy going through fundamental transformation. It's laid out a stronger |
| 1:03.5 | foundation and a sustainable, broad-based, highly productive growth. And it's my profound hope |
| 1:09.9 | that the new administration will preserve and build on this progress. |
| 1:13.9 | The incoming administration is determined to return the country to the round of trickle-down economics and another tax cut for the very wealthy. |
| 1:20.9 | That will not be paid for. Or if paid for it, it's going to have a real cost. |
| 1:25.7 | Once again, causing massive deficits, |
| 1:28.2 | or significant cuts in basic programs of health care education, veterans benefits. |
| 1:33.4 | On top of that, he seems determined to impose steep universal tariffs |
| 1:37.2 | on all imported goods brought to this country, |
| 1:40.6 | on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the |
| 1:46.5 | American consumer. Who do you think pays for this? I believe this approach is a major mistake. |
| 1:53.7 | Of course, we cover it every night. Donald Trump has made some very big promises about all kinds of |
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