Transcript: Trump’s Pollster Hits Him with Brutal News as Econ Worsens
Sargent: And health care, he will preside over an increase in the uninsured rate rather than chairing an evolution towards universal health care, which would be progress. Trump’s sounding survey clearly warns him: “Republicans can expect a loss of support in these most competitive districts if the premium tax credit is not extended.” ARepublicans ND will not extend these tax credits. So, clearly, this sounder essentially says that the Trump economy is not perceived as a positive thing. The overview here is that on all fronts, Trump’s economic policies slowly push things in the wrong direction for workers. On a front, as you mentioned earlier, the prices are really starting to bite and these price increases most directly strike class or middle class consumers. These are likely to worsen over time. On another front, they simply reduced Medicaid by $ 1 billion and also reduced ACA expenses as we discussed, which could result in a loss of insurance of 17 million people. It also hurts workers. What is the total sum of the impact on working poor, on working class people, on the middle class who are somewhat precarious? All these policies will really start to converge, do they? What can we expect?
Edwards: I think it is useful to think in terms of frank directions instead of a specific estimate. Prices will increase the prices of most goods and services rather than down. And Down makes life better. Expel workers and create shortages in industries for workers or goods they are used to produce, which also increases prices and not down. So it’s better – and it won’t happen. Same thing with health care. If you have a health insurance system that is built on a very complex system of grants and extensions from which you draw 1 dollars, this will make medical care, rare, more expensive, more difficult to access or a combination of the three. And in this case, it is bad – it will therefore not be useful.
Sargent: Well, CNN has a title that is quite frank. He says, “It could be the summer of economic hell.”
Edwards: I’m sure this writer could not write his title, so I’m going to sympathize with her that it may not be what she meant.
Sargent: Well, Democrats pass it out with other articles that are really striking to describe what could happen. I think the basic point of this CNN piece is Some of the things you’ve talked about is that the prices will start to bite later, that there is a delay between the taxation of prices and the resulting real price increases. As you pointed out, he is constantly cleared and remote here and there. But now, by all the indications, on August 1, we will be gangbusters to come. Are we heading for something worse?
Edwards: The current state of the American economy is a slow slowdown, of which we have already talked. If you had to take all Trump’s economic policies and align them and look at them not as he described them, not as he sold them, not as he announced but [as] What they really do, the number one disease that the economy is faced at the moment is uncertainty. We simply do not know what interest rates will be in three months. We do not know which prices will be in three months. And we do not know what prices will be in three months, which makes everyone very difficult to plan, whether it is a consumer or a financial company or a company that simply tries to do it in the world.
