Listen to my friday, November 7, Alternative Visions radio show in which I provide my post-election analysis of last Tuesday’s, November 3 US national election–as well as the state of the US economy this past week as it enters the post-election period.
I review the past week’s unemployment and jobs numbers reported by the US Labor Dept. and what’s the likely outcome now for fiscal stimulus negotiations–i.e. a much delayed and smaller (and insufficient stimulus) package is now likely. Also raised and discussed are questions: why did the Federal Reserve bank this past week refuse to extend loans to businesses that were at risk of insolvency? And why did the stock market this past week surge to new record levels after Tuesday’s election? My election analysis includes why the 2020 election looks very much like 2016, with minor shifts-but just enough to defeat Trump. And why Biden governing will look much like 2012-16 period. What is the likely composition of Biden’s future economic measures, amidst America’s continuing ‘Triple Crisis’ of failing stimulus, slowing US economy at year end, escalating Covid threat, and potential for serious political instability generated by Trump in the next 75 days until January 20, 2021. The show concludes with some potential (desperate?) but nonetheless possible political moves by Trump in coming weeks. The show concludes with my analysis why Trump continues to have such a large following (70m voting for him) despite his past actions, policies, and countless verbal missteps and why media pundits just can’t get it why Trump is not an individual but ‘Trumpism’ is a social movement not about to disappear.
TO LISTEN GO TO:
https://alternativevisions.podbean.com/e/alternative-visions-election-analysis-economic-consequences/
Post-Election Analysis + Economic Consequences–audio
November 7, 2020 by jackrasmus
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