What is MAGAnomics, actually?

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 5 December 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re less than a year out from the 2024 presidential election. And former President Donald Trump is still leading the pack of Republican candidates, by a lot.

This has us wondering: What would another Trump presidency mean for the economy?

On the show today, William Howell, professor of American politics at the University of Chicago explains how Trump’s plans to weaken the federal bureaucracy could disrupt the economy, how the former president’s proposals on immigration and Obamacare could go over, and what voters see in his economic agenda. Plus, what this could all mean for our democracy.

Then, we’ll get into a major data breach at the genetic testing company 23andMe. And, Moody’s lowered China’s credit outlook to negative. We’ll unpack what that means for China and what it has to do with political dysfunction in the U.S.

Later, thoughts on COP28 and some impressive Spotify Wrapped stats. Plus, what the owner of a gift wrapping service had wrong when she started her business.

Here’s everything we talked about today:

- “Where Donald Trump stands on taxes, the economy” from The Washington Post

- “The Republican Party’s Split on Economics” from The New York Times

- “Trump’s plans if he returns to the White House include deportation raids, tariffs and mass firings” from AP News

- “Some Republicans sound alarm after Trump revives focus on Obamacare” from CNN Politics

- “Why the Supreme Court’s “administrative state” decision matters” from Marketplace

- “What Trump’s Second Term Could Look Like” from The Atlantic

- “Moody’s Cuts China Credit Outlook to Negative on Rising Debt” from Bloomberg

- “Why invest in gold when the economic outlook isn’t great?” from Marketplace

- “Data Breach at 23andMe Affects 6.9 Million Profiles, Company Says” from The New York Times

- “23andMe confirms hackers stole ancestry data on 6.9 million users” from TechCrunch

If you’ve got a question, comment or submission for a state drink, send them our way. We’re at 508-UB-SMART or email makemesmart@marketplace.org.

Transcript

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0:00.0	Hi, this is Tavis from Gaviota, California.
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0:21.0	was doomed. I donate to say thank you for being part of my life.
0:26.3	Join me by baking a gift to marketplace today at marketplace.org
0:29.6	slash donate and thanks. Thanks. Hello, I'm Kimberly Adams.
0:45.0	Welcome back to Make Me Smart, where none of us is as smart as all of us.
0:49.0	I'm Carrizol.
0:50.0	Thanks for being here today.
0:51.0	It is Tuesday the 5th of December, if can believe that where does the time go we're talking
0:56.3	well we have talked by dynamics on this podcast before and what all that stands for and means and all of that we're going to talk
1:03.2	magonomics today because the flip side of the coin. Right because whether folks
1:09.1	want to believe it or not a campaign season is we're here we're in it we're deep in it and
1:14.1	former president Trump is still the leading GOP candidate so today we're going to
1:19.1	talk about what another Trump presidency could mean for the economy because he's actually said
1:24.9	quite a bit about what he would like to do. So here to make a smart about this is William Howell,
1:31.4	a professor of American politics at the University of Chicago.
1:35.0	Welcome to the show.
1:36.0	Hey, thanks for having me.
1:38.0	So when you hear Maganomics, what jumps to your mind?
1:43.0	Well, first I love the term, but let's, a couple of things come to mind.
	...

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