In the latest episode, hosts Jessyn Farrell and Nick Hanauer spoke with The Economist's Idrees Kahloon about the economic problems the new Biden administration is facing.
This K-shaped recovery is unlike anything any nation has ever experienced. It's the first recession in recorded history that has actually enriched the wealthiest people and corporations, while punishing those at the other end of the spectrum. Economically speaking, our billionaires are doing far better than ever, our white-collar creative class is treading water, and the bottom has completely dropped out for the lowest third of American earners.
Ultimately, he said, "What gives me some hope is that it seems Biden's initial focus, legislatively, is going to be on precisely those questions and trying to do something about them. Those are the kinds of measures that you can see some Republicans going along with.
President Biden needs to keep in mind "the fact that the economy is shifting, that service sector industries are being disrupted by digitization and technologies," Kahloon said. "Also, the fact that climate change is real and something big needs to be done about it."
paulconstant Biden to his wife Hey Honey where are we at
paulconstant He and democrats can do it
paulconstant All united, let's close ranks, and with courage let's face the future. No division, no difference.