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Pitchfork Economics with Nick Hanauer

Bidenomics (with Bharat Ramamurti)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 18 July 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

“Bidenomics” is closely aligned with many—probably even most—of the middle-out economic principles that we discuss on this podcast every week. Much to our surprise and delight, Joe Biden has become the first President in 40 years to reject trickle-down economics in favor of building the economy from the middle out, and the results speak for themselves: Since the pandemic began, America has seen the strongest growth of any leading economy in the world. The economy has added 13 million jobs, inflation has fallen for 12 straight months, and a recession is no longer on the horizon. National Economic Council Deputy Director Bharat Ramamurti returns to the show to explain why Bidenomics has been so successful. Bharat Ramamurti is the Deputy Director of National Economic Council (NEC) for The White House. He previously served as a Member of the Congressional Oversight Commission for the CARES Act, and as the Managing Director of the Corporate Power program at the Roosevelt Institute. Twitter: @BharatRamamurti Bidenomics is Working https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/28/bidenomics-is-working-the-presidents-plan-grows-the-economy-from-the-middle-out-and-bottom-up-not-the-top-down The Transformation at the Heart of Biden’s Middle-Out Economic Agenda https://prospect.org/economy/2023-02-09-biden-middle-out-agenda Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

We're super enthused to have you on the podcast to talk about

0:04.0

bi-dynamics or as we call it, middle-out economics.

0:07.0

The one sentence description is that bi-dynamics is about trying to grow the economy

0:12.0

from the bottom up in the middle out rather than from the top then.

0:15.0

What about the billionaires brought?

0:17.0

Yeah, what about us?

0:19.0

The president cares about everyone but when he evaluates how the economy is doing

0:23.0

his question is how is your typical middle class person middle class family doing?

0:30.0

From the home offices of civic ventures in downtown Seattle,

0:36.0

this is pitchfork economics with Nick Hanauer,

0:39.0

the best place to get the truth about who gets what and why.

0:49.0

I'm Nick Hanauer, founder of Civic Ventures.

0:52.0

I'm David Goldstein, senior fellow at Civic Ventures.

1:00.0

Back when I first started working with you Nick,

1:03.0

more than nine years ago,

1:05.0

if you can believe that nine years,

1:07.0

nobody's ever employed me this long.

1:09.0

I don't know what's wrong with you,

1:11.0

but you gave me a book to read.

1:13.0

In fact, I had two books on my reading assignment.

1:15.0

One was Pickety's gargantuan capital in the 21st century.

1:20.0

That was a test.

...

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