Input | Output |
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Link | Youtube |
Published | 2024/02/19 |
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Status | article incomplete |
Beau says:
Beau talks about the potential risks of intentional economic disruption by Republicans in the House and the importance of confidence in the economy's stability.
Economic analysts, policymakers
The full transcript provides a detailed analysis of the potential economic risks facing the US and the role of political decisions in shaping the country's economic future.
#Economy #US #Republicans #Stimulus #ConsumerConfidence
Well, howdy there internet people, let's bow again.
So today, we are going to talk about the economy a little bit.
We're going to talk about Japan, the United Kingdom, and the US.
Because that's become a question since the news went out. Japan, and the UK, they have slipped into recession.
The question is,
is the US next? Is the US
Unless the next to fall?
The answer is no, unless.
According to the economist that I have talked to, the answer is no.
Apparently, consumer confidence and consumer spending are high, all of the other numbers
look good, we don't really have anything to worry about.
Things look good, unless.
Humpty Dumpty didn't fall, he gets pushed and that push would come from, they said
politicians playing games. I will go ahead and say it, Republicans in the
House playing games and shutting down the government. If that happens, there is a
higher risk. Republicans in the House can manufacture a recession to hurt you in
hopes that you blame Biden. And they might. That is one thing that The Economist mentioned
as a possibility of something that could trigger it. Because if the government shuts down,
that's a whole lot of people that aren't working. That's a whole lot of money that isn't being
spent. That's a whole lot of money being yanked out of economies. So there's that.
The other concern is that Republicans in the House hold up the aid package for
Ukraine. I know, takes you a minute, right? How on earth would that hurt the US
economy? Because contrary to talking points, it's not actually shipping cash
over there. That money is spent in the United States keeping people working,
keeping factories open. So if the aid package gets derailed by Republicans in
the House, the money doesn't get spent, the people don't work, and it damages the
economy and it could start a kind of a domino effect. That did not seem to be
as much of a concern as the Republicans shutting down the government to do it
intentionally. So that's where the economists are at right now. Again, for
those who don't know, economics is not something I know a whole lot about. What
I do is I talk to people who do know a whole lot about it and just go through
through their answers. Normally when I talk to them you know I'll talk to three
of them and get four different opinions. In this case everybody was pretty much
like no everything's fine unless it gets intentionally messed up. So that's where
at. Now it's important to remember that the US had tons of stimulus that went
out and that's one of the reasons that the US economy is doing better than
most. There has been a lot done as far as economic management that has been
successful. You know, we talk often about how presidents don't control the economy.
That's true. They can help, they can hurt, but overall it has to do with us and our
perception of it because our economy runs on faith. And as long as confidence
remains high, it should be fine. Anyway, it's just a thought. Y'all have a good day.
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