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Pitchfork Economics with Nick Hanauer

The economic challenges Biden faces (with Idrees Kahloon)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 19 January 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

Idrees Kahloon from The Economist joins us for inauguration week to assess the daunting economic challenges that the Biden-Harris administration will face the second they take office. Idrees Kahloon is the Washington correspondent for The Economist. He covers US policy, poverty, and COVID-19 stimulus packages. Twitter: @imkahloon Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics Further reading: President Joe Biden will face two extraordinary economic challenges: https://www.economist.com/leaders/2020/11/14/president-joe-biden-will-face-two-extraordinary-economic-challenges Joe Biden is taking office amid a poverty crisis: https://www.vox.com/future-perfect/21582005/joe-biden-poverty-covid Here’s a look at the economy Biden will inherit next month: https://www.nytimes.com/live/2020/12/17/us/joe-biden-trump#heres-a-look-at-the-economy-biden-will-inherit-next-month Joe Biden’s Four-Year Plan: https://prospect.org/day-one-agenda/joe-bidens-four-year-plan/ The three progressive policies voters seem to love: https://slate.com/business/2020/11/progressives-election-minimum-wage-marijuana-medicaid.amp Top charts of 2020: https://www.epi.org/publication/top-charts-of-2020-the-economic-fallout-of-covid-19/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

The incoming Biden administration is really going to be inheriting some massive challenges.

0:05.0

The immediate challenge that Biden faces, of course, is all tied to the COVID-19 epidemic and its economic fallout. He's going to have to get right to work.

0:15.0

Obviously, Democrats have a lot of challenges, but I think the biggest, the central challenge

0:20.0

is to prove to the majority of citizens that they can change this country economically for the better.

0:31.6

From the home offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics,

0:38.0

with Nick Hanauer, the best place to get the truth about who gets what and why.

0:43.0

I'm Nick Henauer, founder of Civic Ventures.

0:48.0

I'm Jessen Farrell and I'm Senior Vice President at Civic Ventures. I'm Jessin Farrell and I'm Senior Vice President at Civic Ventures and a former state legislator.

0:56.3

So Jessin, hopefully tomorrow an inauguration day.

1:03.3

Yeah, we're hoping.

1:05.0

Fingers cross that the United States of America continues to exist till tomorrow and beyond.

1:12.6

But the Biden administration will take over

1:15.0

from the Trump administration and get underway.

1:18.6

And we've been talking about what they should do

1:21.5

and we've including many past podcast podcast guests who are now part of that administration.

1:26.5

Yep, and on Friday we'll release a bonus episode compiling

1:29.7

some of our best moments with them.

1:31.2

So look out for that.

1:32.4

And so today we're going to interview a very smart reporter,

1:36.9

Idris Caloon, who is the Washington correspondent for the economist, and he covers U.S. policy, poverty, and other the should you know, put it, conventional institution views what the Biden

1:54.9

administration should be doing and it'll be a very interesting conversation.

1:58.3

Yeah and I think you know the thing that I'm interested in is how the voice of consensus economics, which the

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