Alternative Visions - US Incomes And Pre-Election Hype About Economic Recovery - 09.16.16

Jack takes on recent reports from private and government sources this past week that US incomes and the economy are finally recovering. Taking issue with Paul Krugman’s column today, ‘Trickle Up Economics’, hyping the reports, Jack cites and explains contrary data that show the reports and Krugman punditry are questionable. Alternative sources, like the Gallup Poll, show 87% of US population surveyed consider the economy poor or getting worse. Other sources show the doubling of death rates from drugs, suicide, and alcohol for the 25-64 age group—Trump’s target voters in key swing states.  Jack discusses data showing Trump now leads in key swing states, Ohio and Florida, where incomes remain down as much as 10%, as well as in other swing states.  Why Clinton’s campaign is trying to reorient to the 25-64 group and millennials—too little too late.  The show concludes with Jack repeating his prediction of US recession in 2017-18, and predicting post-election policies of more business tax cuts, infrastructure spending, TPP, and Fed interest rate hikes are coming. 

 

(Check out Jack’s recent 2016 books, ‘Looting Greece’ and ‘Systemic Fragility in the Global Economy’, Clarity Press, now available at discounts of 25%-33% from his blog, jackrasmus.com, and website via paypal