Swamp Notes: Trumponomics 2.0
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 November 2024
⏱️ 22 minutes
🧾️ Download transcript
Summary
The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy.
Mentioned in this podcast:
Wall Street rejoices as the bell tolls for Biden-era regulation
Economists warn Trump’s policies will trigger inflation
Bitcoin hits record above $75,000 as crypto industry celebrates Trump win
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Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinoor, the UK's energy partner. |
| 0:06.5 | Learn more at equinore.com.uk. |
| 0:12.3 | Donald Trump campaigned on a pledge to deliver low taxes, low regulations, |
| 0:18.0 | low energy costs, low interest rates, and low inflation. |
| 0:22.3 | Voters rewarded him this week with another term in the White House, but now he'll have to make |
| 0:27.2 | good on his pledge. |
| 0:33.1 | This is Swamp Notes, the weekly podcast from the FT News Briefing, where we talk about all of the things that just happened in the 2024 U.S. presidential election. |
| 0:43.7 | I'm Sonia Hudson. |
| 0:45.3 | And this week we're asking, why did Trump's economic message resonate so much with voters? |
| 0:51.9 | Here with me to discuss is the FTs James Politi. He's our Washington |
| 0:55.8 | Bureau Chief. Hi, James. Hi, great to be back, Sonia. Great to have you. And we've also got |
| 1:00.7 | Rana Faruha, the FTA's global business columnist. Hi, Rana. Hey, how are you? Doing well, thanks. |
| 1:06.7 | So, James, let's start with you. Last week on the show, we talked about how all this pre-election polling indicated that we were in store for a really razor-close race. How close did it actually end up being? |
| 1:21.2 | It wasn't really close at all. From the first few hours after the results started streaming in, it looked like Donald Trump was on course for victory. |
| 1:31.4 | Some of the early battleground states were called quite early in the night. |
| 1:36.6 | And then he was kind of declared the winner 5 a.m. in the morning on Wednesday. |
| 1:42.5 | First time that a Republican has won the popular vote in 20 |
| 1:45.1 | years since 2004. In the battleground states of the blue wall, the margins were tighter, |
| 1:51.8 | actually, but he was still able to sweep them, and that was enough to give him a second term |
| 1:57.3 | in the White House. Yeah, really decisive victory for Trump. |
| 2:07.5 | Rana, we at the FT, obviously, ran a monthly poll on economic sentiment with the University of Michigan's Ross School of Business. We've talked about this on the show before. |
| 2:10.9 | And in the final poll before the election, voters said that they would trust Trump more on the |
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