Paul Krugman Is Actually 'Optimistic' About Our Economic Future
Brian Lehrer: A Daily Politics Podcast
WNYC Studios
4.4 • 675 Ratings
🗓️ 18 February 2021
⏱️ 25 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Brian Lehrer. This is my daily politics podcast from WNYC Studios. It's Thursday, February 18th. |
| 0:14.8 | New York Times columnist Paul Krugman joins us to talk about President Joe Biden, the $1.9 trillion |
| 0:21.4 | dollar coronavirus relief bill, and Biden's economic policies in general. |
| 0:26.4 | In the president's CNN Town Hall on Tuesday, he said this as a general principle. |
| 0:32.2 | We can come back, we can come roaring back. It's estimated that if we've, by most economists, including Wall Street firms, as well as, as, you know, |
| 0:42.8 | think tanks of political think tanks left, right and center, it is estimated that if you, |
| 0:48.6 | we pass this bill alone, we'll create seven million jobs this year, seven million jobs this year. |
| 1:00.5 | The president on Tuesday night, Republicans won a much smaller bill, arguing among other things |
| 1:06.8 | that it was right in the early part of the pandemic to pay people well to stay home, |
| 1:11.3 | but now with the vaccination rate rising, the job will be to open back up safely, |
| 1:16.2 | not to incentivize people to remain unemployed. |
| 1:19.2 | So with that as Prelude, we welcome Paul Krugman, Nobel laureate in economics, |
| 1:25.0 | New York Times columnist for 20 years, |
| 1:27.2 | distinguished professor at the City University of New York Times columnist for 20 years, distinguished professor at the |
| 1:28.4 | City University of New York Graduate Center, and the author of Arguing with Zombies, Economics, Politics, |
| 1:34.5 | and the Fight for a Better Future, now out in paperback. Dr. Kudman, we always appreciate when you |
| 1:39.8 | come on. Welcome to, welcome back to WNYC. Hi. Good to be on, on this snowy day. |
| 1:46.7 | Do you understand where the president's number of seven million jobs comes from, and do you |
| 1:51.7 | agree with that math? Yeah, I mean, of course, it's economic, so that's seven million, |
| 1:57.7 | you know, plus or minus at least three million, because no one can do this with any exactitude. |
| 2:02.9 | But the idea that if we can provide a bridge through the rest of the pandemic, which is what the bill is really supposed to do, |
| 2:12.3 | that the economy can come roaring back and generate, you know, that we can regain a lot of the jobs that were lost during the pandemic. |
... |
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