Trump’s Tall Tariff Tales (with Gillian Tett)
1Digest
This episode of Stay Tuned features a conversation with Gillian Tett, a Financial Times columnist, about the economic issues shaping the 2024 presidential election. The episode also includes a segment on voter fraud, highlighting the case of Olivia Coley Pearson, a civil servant who was arrested for voter fraud after showing a first-time voter how to use voting machines. The podcast then delves into the impact of Twitter nostalgia accounts on pop culture history, using the example of a post claiming Britney Spears' debut of "Baby One More Time" was on August 3rd, 1998, when it was actually October 23rd, 1998. The episode also features listener questions about election delays due to natural disasters, law school and career paths, and election odds. The host shares his own experiences and insights on these topics, providing valuable information and perspectives. The episode concludes with a discussion of the economic issues shaping the 2024 presidential election, focusing on tariffs, inflation, and the potential impact of each candidate's proposed policies. The episode also includes advertisements for Three Day Blinds and Cozy Earth.
Outlines
Economic Issues and Pop Culture History
This episode explores the economic issues shaping the 2024 presidential election, examines voter fraud, and discusses the impact of Twitter nostalgia accounts on pop culture history.
Voter Fraud and Its Impact
The podcast explores the issue of voter fraud, highlighting the case of Olivia Coley Pearson, a civil servant who was arrested for voter fraud after showing a first-time voter how to use voting machines.
Twitter Nostalgia Accounts and Pop Culture History
This segment discusses how Twitter nostalgia accounts are rewriting pop culture history, using the example of a post claiming Britney Spears' debut of "Baby One More Time" was on August 3rd, 1998, when it was actually October 23rd, 1998.
Listener Questions: Election Delays and Natural Disasters
A listener asks about the provision for a natural disaster disrupting voting on a scheduled national election day. The host explains that there is no constitutional provision addressing election delays due to natural disasters, but state election officials have ways to minimize disruptions.
Listener Questions: Law School and Career Paths
A first-year law student asks about the host's interests in law school, his career path, and recommendations for law students exploring different fields. The host shares his own experience and emphasizes the mobility of the legal profession.
Listener Questions: Election Odds and Family Dynamics
A listener asks for an update on the host's son's assessment of the odds for the November presidential election. The host shares his son's updated prediction, highlighting the family's humorous and sometimes contrasting views on politics.
Economic Issues in the 2024 Election
The episode delves into the economic issues shaping the 2024 presidential election, with a focus on tariffs, inflation, and the potential impact of each candidate's proposed policies.
Bonus for Cafe Insider Members
This segment is exclusive to Cafe Insider members and discusses Donald Trump's potential attempt to assert control over the Federal Reserve if re-elected.
Keywords
Soft Landing
A scenario in economics where an economy transitions from a period of high inflation to a period of stable growth and low inflation without experiencing a recession.
Meme Election
An election campaign that relies heavily on the use of memes, social media trends, and viral content to engage voters and spread messages.
Fiscal Implications
The impact of government spending and taxation policies on the economy, including the budget deficit, national debt, and economic growth.
Protectionism
Economic policies that aim to protect domestic industries from foreign competition through measures such as tariffs, quotas, and subsidies.
Globalization
The increasing interconnectedness of economies and societies around the world through trade, investment, and cultural exchange.
Supply Chain
The network of organizations, people, activities, information, and resources involved in moving a product or service from its origin to its final consumer.
Inflationary Pressures
Factors that contribute to an increase in the general price level of goods and services in an economy, such as increased demand, supply chain disruptions, and government policies.
Behavioral Economics
A field of economics that studies how psychological factors influence economic decision-making, including biases, heuristics, and framing effects.
Q&A
What is the provision for a natural disaster disrupting voting on a scheduled national election day?
There is no constitutional provision addressing election delays due to natural disasters. However, state election officials have ways to minimize disruptions, such as extending early voting deadlines, allowing ballots to be forwarded to temporary addresses, and facilitating absentee voting.
What is the difference between the economic policies of Donald Trump and Kamala Harris?
Trump's economic policies are characterized by protectionism, tariffs, and a focus on bringing manufacturing back to the United States. Harris's policies are more aligned with traditional Democratic economic principles, emphasizing investment in infrastructure, education, and clean energy.
How does Trump's understanding of cultural anthropology influence his campaign strategy?
Trump understands that voters are not economists and are easily swayed by simple messages and emotional appeals. He uses a strategy of "bread and circuses," offering distractions and superficial benefits while neglecting complex economic issues.
What is the potential impact of Trump's proposed tariffs on the U.S. economy?
Trump's proposed tariffs could lead to increased inflation, retaliatory measures from other countries, and uncertainty for businesses, potentially harming the U.S. economy.
Why is it important to consider cultural anthropology when analyzing economic policies?
Cultural anthropology provides insights into how people perceive and interact with the economy, including their values, beliefs, and behaviors. This understanding is crucial for developing effective economic policies that address the needs and concerns of the public.
Show Notes
As we approach the 2024 presidential election, economic issues have taken center stage. Financial Times columnist Gillian Tett joins Preet to break down each candidate’s economic proposals, examining their potential impact on the U.S. and the global economy. They explore key topics like tariffs, inflation, and how they’ll impact voters.
Plus, will hurricane season affect the presidential election? What’s Preet’s advice for first year law students? And, what does “The Young Bharara” think about Harris’s chances in November?
In other news, Stay Tuned is going live! RSVP here to our live remote taping with Ben Wikler, chairman of the Democratic Party of Wisconsin, taking place on 10/15 at 5pm ET.
Stay Tuned is nominated for a Signal Award for Best Podcast in the News & Politics category, but we need your help to win! To vote for us, head to cafe.com/signal.
Stay Tuned is presented by CAFE and the Vox Media Podcast Network. Please write to us with your thoughts and questions at letters@cafe.com, or leave a voicemail at 669-247-7338.
For show notes and a transcript of the episode head to: https://cafe.com/stay-tuned/tariffs/
Have a question for Preet? Ask @PreetBharara on Threads, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail.
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