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The Michael Medved Show

Ep. 1,247 - Catherine Rampell

The Michael Medved Show

The Michael Medved Show

News, Government, Politics, News Commentary

4.4516 Ratings

🗓️ 29 May 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

This is an abbreviated version of The Michael Medved Show. To get the full program, plus premium content, become a subscriber at MichaelMedved.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

And now, America's number one show on pop culture and politics.

0:11.3

This is the Michael Medved Show.

0:14.4

And another great day in this greatest nation on God's Green Earth, and it is the greatest

0:19.3

nation on God's Green Earth, and it is not greatest nation on God's green earth and it is not a

0:22.1

nation that is in irreversible decline or is falling apart or has a skyrocketing crime rate or has

0:31.2

an inextricably broken economy that cannot find a path back to prosperity.

0:40.5

So why do Americans feel so incredibly gloomy about the economy?

0:47.1

Whose fault is it?

0:49.4

Catherine Rampel has been a guest on our show before.

0:54.1

She is a writer for the Washington Post who specializes in economic issues and other crucial issues facing the public.

1:05.9

She is educated at Princeton, and she has been a special correspondent for the PBS News Hour and a contributor

1:16.4

to Marketplace on NPR.

1:18.6

Catherine, your most recent column, American voters are wrong about the economy.

1:26.0

Nearly everything Americans believe about the economy is wrong.

1:29.6

Whose fault is it? And your answer would be? Everyone. So I think, just to clarify, the direction

1:41.6

in which public opinion appears to be wrong is always toward the negative.

1:47.3

So, for example, most Americans think the economy is shrinking. In fact, GDP has been growing

1:55.1

for the better part of two years. We're outpacing almost all of our peer countries, you know, other advanced countries.

2:04.3

In fact, we are besting the forecasts made about the economy back before the pandemic began.

2:12.0

If you look at what the forecast said we would look like, circa 2024, we're doing better than even those.

2:18.4

Same deal with other metrics like unemployment.

2:23.3

About half of Americans think that unemployment is at a half century high.

...

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