meta_pixel
Tapesearch Logo
Log in
Checks and Balance from The Economist

Checks and Balance: On the money

Checks and Balance from The Economist

The Economist

Politics, News & Politics, News, Us Politics

4.61.7K Ratings

🗓️ 7 October 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

The most important issue for Americans is the economy. When asked, in a poll by YouGov for The Economist, to pick from a list of a dozen problems facing the nation, over a third of people said that the state of the economy or inflation is their top concern. Republicans have a clear lead on the issue and so they ought to do well in the midterms. Except it's more complicated than that: most people don't have an accurate picture of how the economy is doing, and partisanship fills the gap.


The Economist’s Simon Rabinovitch takes the temperature of the US economy. We go back to a time when a state bucked the national economic trend. And The Economist’s Elliott Morris explains how politics influences Americans’ assessment of their financial health. 



John Prideaux hosts with Charlotte Howard and Idrees Kahloon. 


You can now find every episode of Checks and Balance in one place and sign up to our weekly newsletter. For full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/uspod.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

As Nigel opened his Amazon parcel, it was in love at first sight, sleek design and effortless cornering.

0:07.0

This vacuum cleaner screamed quality and for a price lower than he ever dreamed, five stars from Nigel.

0:15.0

With star reviews from you and star prices from us, start your search on Amazon today.

0:24.0

In a way, the US dollar is a Spanish invention.

0:27.0

The peso was the basic unit of currency in colonial America and was often abbreviated to P-S.

0:34.0

The story goes that over time the two letters were written over each other and then the bowl of the P was lost,

0:41.0

to leave an S with a vertical line through the center, a symbol now universally recognized as the dollar sign.

0:50.0

Despite the challenge of China and the strains of the industrialization, that dollar sign still represents the largest economy in the world.

0:59.0

Compared with the rest of the rich world, America's economy looks really strong right now.

1:04.0

But that's not the way many Americans feel about it and there are a few more powerful forces in politics than economic sentiment.

1:12.0

With 32 days to go until the midterm elections, I'm John Prado and this is Chex and Balance from the Economist.

1:23.0

Each week we take one big theme shaping American politics and explore it in depth.

1:32.0

Today, how does politics shape how Americans view the economy?

1:37.0

The economy is the most important issue for Americans, according to a poll conducted by you-gov for the Economist.

1:43.0

When asked to pick from a list of a dozen or more problems facing the nation, over a third of people say that the state of the economy or inflation is their top concern.

1:53.0

Most of this group plan to vote for Republicans at the midterm elections in November.

1:58.0

Is there a gap between how the economy is actually doing and people's perceptions?

2:03.0

And how much does political tribalism shape which party voters trust to manage the public purse?

2:18.0

With me to make sense of what's going on in America's economy at the moment and to think about how that might affect the midterms are Charlotte Howard and Idris Calune.

2:27.0

Charlotte, you're sitting opposite me. We're in London together. How are you finding the sweet smelling sidewalks of our capital city?

2:34.0

It's great to be in London though. I do miss Idris. Last week, as we all know, Idris is a serious and intelligent man who does serious and intelligent things.

2:41.0

So naturally, we took him to a sing-along piano bar and never has my own joy been so perfectly correlated with someone else's misery.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.