Slate Money - What Did Larry Say To Joe?
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 30 July 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the merits of the Inflation Reduction Act and Larry Summers’ role in moving it along, the low GDP numbers, and a listener question about corporate landlords.
In the Plus segment: This week’s Slate piece on the sham that is college financial aid.
Podcast production by Jessamine Molli.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello and welcome to the What Did Larry Say to Joe episode of Slate Money, your guide to the |
| 0:19.1 | Business and Finance News of the week, much of which is about |
| 0:23.7 | Larry and Joe. But there's also other dramatist person I hear, not least of which ourselves. |
| 0:30.0 | I'm Felix Amon of Axios, Emily Peck is also here. Hello. Elizabeth Spires is here. |
| 0:35.3 | Hello. We're going to be talking about Larry and Joe and the Inflation Reduction Act. |
| 0:40.6 | We're going to be talking about the GDP figures that came out, which were negative. |
| 0:44.9 | We are going to be answering a reader email, because we do love your emails, about corporate landlords and whether they are evil. |
| 0:53.0 | We have a slate plus segment on college tuition. |
| 0:58.0 | It's fun. |
| 0:58.8 | It's all coming up on slate money. |
| 1:02.5 | Okay, I was shocked. |
| 1:04.3 | Elizabeth, were you shocked? |
| 1:05.9 | Sure. |
| 1:07.7 | I was shocked. |
| 1:08.9 | When the announcement came out this week that Joe Manchin had changed his mind and that suddenly this enormous bill was like moving ahead and there was a very good chance that the Democrat controlled House and Senate might both pass this huge bill, which has a huge climate component, |
| 1:29.1 | and it has a huge tax component, and it does all manner of wonderful things. |
| 1:34.8 | And I was like, wait, is there some fabulous, unexpected good news? |
| 1:40.5 | Yeah, the amazing thing is that apparently he changed his mind after talking to Larry Summers, who convinced him the package wasn't inflationary. |
| 1:48.7 | I have a thing in my newslet of this week saying, is Larry Summers now a hero to the left? |
| 1:54.6 | I think Larry Summers is now a hero to the left. |
| 1:57.7 | And Joe Manchin, too. |
| 1:58.8 | I think everyone was just as shocked as Felix by this, |
... |
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