Bonus Episode: 2024 Election Topics - Inflation
The Pour Over: Politically Neutral, Christ-First News
The Pour Over
4.9 • 4.6K Ratings
🗓️ 17 September 2024
⏱️ 7 minutes
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| 0:00.0 | Today's episode is brought to you by our lead sponsor, Crew. |
| 0:03.4 | In a special episode of the poor over today, |
| 0:08.3 | we're explaining the debate about inflation and the economy, |
| 0:11.6 | including where VP Harris and former President Trump stand. |
| 0:15.6 | This is the sixth episode of our election collection designed to help us grow in understanding |
| 0:20.0 | and compassion on Q24 election topics. |
| 0:29.2 | Boder's number one issue this election is drum roll, inflation. Unlike other issues, there is a near |
| 0:35.7 | universal agreement on what success in this area means, low inflation, around 2%. |
| 0:41.4 | This means prices and wages rise slowly and predictably over time. |
| 0:46.0 | Low inflation is closely intertwined with Uncle Sam's other economic goals, |
| 0:51.0 | low unemployment, a rising stock market, and growing GDP, gross domestic product, is the |
| 0:56.6 | combined value of all goods and services produced by a country. |
| 1:01.0 | Here's where Uncle Sam stands right now. |
| 1:03.0 | Inflation is at 2.9%. |
| 1:05.0 | This is down significantly from its peak of 9.1% in June 2022, |
| 1:10.0 | but still above the target of 2%. |
| 1:13.0 | Unemployment is at 4.2%. |
| 1:16.0 | 3% to 5% is generally considered healthy. |
| 1:19.0 | Unemployment surged to 14.8% during the pandemic, but quickly returned to around 3.5 to 4%. |
| 1:26.0 | GDP grew 2.5% in 2023, slightly below the long-term average of 3.15%. |
| 1:34.0 | The stock market is at a record high. |
| 1:36.5 | Up around 25% over the last 12 months, |
... |
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