Austerity Argument News Today

Ideological battles of the great -- the failures of -- prolonged misery that was unnecessary because of the sort of austerity argument. give me the sort of short elevator pitch version of why the economy is doing good, actually. >> the last crisis, it took us ten years to get to this point unemployment after the crash. unemployment is currently 4% and its been about two years since the beginning of the pandemic. this time around the crash was much more severe. millions of businesses shut down wi...

Created in january, more than tripled than was expected, workers leaving their jobs for veterans that record levels, raising low wage workers pay even after factoring inflation into the mix. even bankruptcies dropped by 24% in 2021. that is all the way over to the right. that is the lowest point per personal bankruptcy in decades. thats a 25 year chart and its never been lower on the chart. the question i have is why wont the left take credit for such an incredible accomplishment? as carter wrot...

Quite different from say, the fiscal yoonunion of all the states in the u.s. and if this you were going to try to hold together economies that were very different from one another you were going to need mechanisms to be able to do that to address when some of the countries start getting barraged by different forces than the others. and europe has really not developed that. and i i dont think that austerity is going to get greece growing again. and if greece doesnt grow again they will not be abl...

Principles that get you to where youre going. but i want to ask andrew one question because we started this whole discussion with the notion of the fiscal cliff, right? you know that there are people on the left and people on the right who are both saying, there is no cliff. what are you talking about? what cliff? this is no big deal. so explain to us actually -- you talked about the gdp impacted at the very top of this block. whats the argument for hey, dont worry about this, this cliff isnt fo...

That got passed and we had you on to talk why it is a scam. the actual jobs act, the american jobs act, that was a concrete discrete bit of expansionary policy they tried to put forward. he did the primetime speech, he did all the things, it went nowhere because whatever you say about partisanship at a policy level one party is implaquably committed. >> obama has put social security on the table to be cut under the theory of this phony crisis that doesnt exist. >> right? >> and as soon as he did...

I think hes helped very much by the fact you have what might be really a weak gop feel and you have a problem the next set of candidates but people, you know, kind of think he has this in the bag. incup be incumbents usually win but people are concerned about the economy and the wrong track number at 75% where it is right now. >> nate, im curious. if this is seen in the context of the overall economic problems in this country, how much does the idea that you get the blinking light every time you...

By the round of primaries that happened in 2010. so you can donate tht do this . this is a long-standing thing thats built up that has ceded more and more power to the ultraconservative, ultrareactionary right wing of the party. thats something you can take place on the liberal side, but it takes time. its not an instant thing. you cant show up tomorrow and say, now were going to break you, because that threat has to be credible. >> what do you think is going to happen on wednesday night when th...

And that would allow the president to say, listen, its these crazy liberals over here. i just cant go anywhere on medicare. >> yeah. i think that is where the force sort of has to come. and it has to come, if liberals do care about this, making that demand felt and member, this doesnt all happen in the negotiations in the two weeks. there is precedent here in the dreaded primary that every republican member of the house and the senate is terrified of. a tea party primary. so they have already be...

Physical and human resources lying fallow, rotting away, wasting in this country with almost 9% unemployment, with houses in foreclosure. all of this just sitting there, idle. not doing anything. not living up to its productive capacity. and were not having a discussion about how we get that moving again. were having a discussion about how we cut. and frankly, its madness. its not an instant thing. you cant show up tomorrow and say, now were going to break you, because that threat has to be cred...

Ultrareactionary right wing of the party. thats something you can take place on the liberal side, but it takes time. its not an instant thing. you cant show up tomorrow and say, now were going to break you, because that threat has to be credible. >> what do you think is going to happen on wednesday night when the president gives this speech on the economy? they were priming the pump this weekend, trying to get people used to the idea that hes going to talk about medicare and medicaid, and when p...