Robert Reich: Donald Trump’s Stagflation Nation & Why Dems Can’t Play Possum
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Show Notes
John is joined by former Secretary of Labor Robert Reich to discuss Donald Trump’s joint address to Congress and his already beleaguered economic agenda. Reich argues that Trump’s speech was most striking for its lack of focus on the concerns (notably, the high cost of living) most responsible for his reelection; his administration's policies (including but not limited to stiff tariffs on foreign goods) are bound to exacerbate those concerns; the worst fears of Wall Street—that America is headed for a bout of stagflation—are likely to prove prescient; and Elon Musk’s desire to mess with Social Security is a political disaster in the making for the White House and the GOP. Reich also addresses James Carville’s advice that Democrats play dead and let Trump 2.0 self-destruct: “It’s bullshit.”
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