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The Pour Over: Politically Neutral, Christ-First News

Bonus Episode: 2024 Election Topics - Inflation

The Pour Over: Politically Neutral, Christ-First News

The Pour Over

Christianity, Daily News, News, Religion & Spirituality

4.94.6K Ratings

🗓️ 17 September 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

In a special episode of The Pour Over Today, we’re explaining the debate about inflation and the economy, including where VP Harris and former President Trump stand. This is the sixth episode of our Election Collection, designed to help us grow in understanding and compassion on key 2024 election topics.  Please support our TPO sponsors! Cru: give.cru.org/tpo Upside: https://links.thepourover.org/Upside Every Woman's Bible: everywomansbible.com Life Application Study Bible: https://links.thepourover.org/LASB_Podcast The Bible Study: https://links.thepourover.org/TheBibleStudy Politics for People Who Hate Politics: https://links.thepourover.org/PoliticsForPeopleWhoHatePolitics Keola Fit: https://links.thepourover.org/KeolaFit_Pod Compelled Podcast: https://links.thepourover.org/Compelled Dwell Differently: https://links.thepourover.org/DwellDifferently Nothing Left Unsaid Podcast: https://linktr.ee/tgnlu CCCU: https://www.mycccu.com/tpobonus Courage for Life Study Bibles: links.thepourover.org/CFL_Podcast_0901

Transcript

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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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