What Donald Trump's second term will mean for the US economy

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  • Опубликовано: 15 дек 2024

Комментарии • 104

  • @kostasterg243
    @kostasterg243 5 дней назад +2

    Who can remember when free trade was a conservative principle?

  • @dennisgough7331
    @dennisgough7331 8 дней назад +17

    Ian,can't you ask some pertinent pushback questions? Unemployment at 4.5%,baby boomers retiring in mass. Where are these workers going to come from? We are going to have labor inflation.

    • @BurtGordon-o2u
      @BurtGordon-o2u 8 дней назад

      We are deporting and keeping out the very workers we need. Gen Z is the smallest generation of working age. Gen Alpha smaller still. Instead of using immigration smartly, we are demonizing people and propping billionaires to run a system by billionaires for billionaires.

    • @Joelmonterrey
      @Joelmonterrey 8 дней назад +1

      Friend, it's more serious than that. Look up how Ronald Reagan's Guest Worker policies fed Social Security. So with that taken away, what do you think will happen?

    • @Erik-rp1hi
      @Erik-rp1hi 8 дней назад +5

      I had metal shop all though high school and now own a machine shop. We need trade studies again in High School.

    • @Joelmonterrey
      @Joelmonterrey 8 дней назад

      @@Erik-rp1hi College advisors try to get students into trade programs. It's not a high school program, it's a college program (it's both but it's bigger in college). It's only a 1 or 2 year program and graduates make tons of money after. They are trying but it's ultimately up to the students.

    • @Joelmonterrey
      @Joelmonterrey 8 дней назад

      @@Erik-rp1hi If you still have the machine shop, drop by the local community college if they have programs like this and tell them you're hiring. You will get some exceptional workers but you'll have to compete with other places. It might be a good match!

  • @ignaciom8906
    @ignaciom8906 8 дней назад +12

    Black Rock buying everything around the world: 👍
    Nippon Steel buying (and saving) a US company in a free market: 👎
    Ok

  • @franciscojmedina
    @franciscojmedina 8 дней назад +5

    Unfortunately, this person does not understand the theory of comparative advantage. Imposing a tax on Americans who import products from abroad will tax and create a biased toward native inefficient companies.

    • @ttacking
      @ttacking 2 дня назад

      "A bias towards native inefficiency.." say..? THAT'S _nationalism!?_ You honestly think the guy who is planning to install a crypto-nationalist to head the national defense apparatus would foster an environment of jingoistic xenophobic _nationalism!?

  • @russelldarnall
    @russelldarnall 8 дней назад +19

    Ian, it is important to know he facts when you interview someone. Many of the facts your guest used were, at best, wrong. Push back to give more context.

    • @Erik-rp1hi
      @Erik-rp1hi 8 дней назад +1

      Sorry, but Oren is on point.

    • @trudimcleod5042
      @trudimcleod5042 8 дней назад

      @@Erik-rp1hi On fantasy that is. Look for his other writings to see that he is a coocoo for cocoa pufs.

    • @giovannituber2827
      @giovannituber2827 7 дней назад

      All that and you didn't specify one point. Shame

    • @fpschina2492
      @fpschina2492 7 дней назад +1

      Oren is just insufferable

  • @BurtGordon-o2u
    @BurtGordon-o2u 8 дней назад +8

    Here’s what I don’t get about this immigration policy. A law was broken when someone enters the country illegally. Why is the only penalty deportation? Why not have them pay a fine and any back taxes? If they have been peaceful and lawful, and if they are useful, why go through the expense and disruption and deport them??

    • @SLF-o2w
      @SLF-o2w 8 дней назад +2

      The Chinese railroad workers who were recruited to build the Central Pacific western half of the Transcontinental Railroad completed in 1869 were also treated unfairly and harassed by racist policies culminating in the Chinese Exclusion Act of 1882.

    • @trudimcleod5042
      @trudimcleod5042 8 дней назад +1

      How do you prove they made any money? how do you prove that no taxes were paid? Having an illegal status is a deportable misdemeanor, so they can indeed be deported

    • @jacobjorgenson9285
      @jacobjorgenson9285 8 дней назад

      America is falling and they cannot handle it

    • @joleenadler4913
      @joleenadler4913 5 дней назад

      They pay taxes.

    • @BurtGordon-o2u
      @BurtGordon-o2u 5 дней назад +2

      @@trudimcleod5042 They pay approximately $100 billion a year in taxes.

  • @alexanderclaylavin
    @alexanderclaylavin 8 дней назад +9

    Oren Cass is a welp and a fool and I can’t wait for him to embarrass himself a lot on this episode.
    Ian, you’re on notice for bringing this ideologue in the booth.

    • @giovannituber2827
      @giovannituber2827 7 дней назад

      Ad hominem with no substance, threatening, you must be a definion of the left.

    • @fpschina2492
      @fpschina2492 7 дней назад

      Agreed

    • @jonlapinski5887
      @jonlapinski5887 5 дней назад

      @alexanderclaylavin i lean conservative and i cannot listen to more than 2 or 3 minutes of Oren Cass. I can literally feel my brain cells dying.

  • @ricardosalas7246
    @ricardosalas7246 8 дней назад +8

    Disappointing interview.

  • @superdeluxified
    @superdeluxified 8 дней назад +2

    What a simple view of post-secondary education. A lot more goes on there than what he distills.

  • @Erik-rp1hi
    @Erik-rp1hi 8 дней назад +4

    A few years ago I went to a machine auction in the Los Angeles area. The company made stainless steel products for commercial kitchens. I was told by an employee a Chinese company bought the company just to remove it as a competitor.

    • @thewolfofswingthat2035
      @thewolfofswingthat2035 7 дней назад

      why would they need to do that tho? pretty sure chinese steel sells cheaper than US made steel

    • @Erik-rp1hi
      @Erik-rp1hi 7 дней назад

      @@thewolfofswingthat2035 They wanted the product line.

    • @parkmannate4154
      @parkmannate4154 3 дня назад

      That's how capitalism works yes

  • @jean-marcfiliatrault266
    @jean-marcfiliatrault266 8 дней назад +2

    About the Japanese’s strategy of building plants and cars in the US… Sure, it was primarily about circumventing American leadership scare of Japan taking over the US. But, the Japanese knew that they had a demographic problem on the horizon… They needed workers to build their cars, and Japanese women were delaying child birth even back then to have a career and to not be dependent on a man for their livelyhood… The Japanese car manufacturing companies knew they would eventually run out of laborers back home. But… The US had back then, and to a large extent even today, a much better demographic picture. So, it was the perfect strategy for the Japanese to get a toe hold in the US, hire American workers and sell cars to US consumers without any backlash. What a brilliant strategy! A win-win for both sides.

    • @jacobjorgenson9285
      @jacobjorgenson9285 8 дней назад

      Perfect until it wasn’t ! Now US production is expensive and if the immigrant flow stops it’s over.
      Either way China will blast past the US in labour force, skills and output

  • @giovannituber2827
    @giovannituber2827 7 дней назад +1

    Great that you bring conservatives to the channel too. Not living in echo chamber is key.

  • @Erik-rp1hi
    @Erik-rp1hi 8 дней назад +1

    China succeeded in cornering the manufacturing of thing. I side with Oren Cass. Trump needs to take his ideas and policy thoughts and work them into policy.
    Decoupling is not a four letter word that special interest groups claim it is.

  • @parkmannate4154
    @parkmannate4154 3 дня назад

    This guy just doesn't see the immigrants as equally human to himself.

  • @joleenadler4913
    @joleenadler4913 5 дней назад

    I have worked in the service industry for the last 20 years in California and the PNW. I was under the impression E-verify was mandatory. I have witnessed the shift in the labor force and prices since E-verify was introduced. Much harder to find capable, competent BOH employees without a J1 program. I worked for 3 major hospitality brands in middle management postions and all three used E-verify as though it was mandatory. I was not aware it was voluntary.

  • @DabiOW
    @DabiOW 8 дней назад +2

    Why are you uploading a podcast, even though you have the same thing in video format? Doesnt make much sense on RUclips

    • @Joe44944
      @Joe44944 8 дней назад

      Some people prefer to listen on podcast format which allows them to do other things while listening whereas others only watch RUclips so as a content creator you want to attract the largest audiences possible.

    • @DabiOW
      @DabiOW 8 дней назад

      @@Joe44944 yeah, but you can just play a video and not look at it, lol

  • @trudimcleod5042
    @trudimcleod5042 8 дней назад +1

    Why is anybody interviewing Cass anywhere? For starters he is not an economist, but rather a lawyer with a penchant for provoking discussion around topics of which he is not an expert (military spending, religion, education, etc). Cass for example argues that once all the illegals are gone, the agricultural, hospitality and manufacturing sector will use technology to increase the productivity of the higher paid US workers. Who is going to pay for that technology, why hasn't been put to use already, in states with mandatory eVerify? The answer is that this is all fantasy.

  • @jandrewshelley
    @jandrewshelley 6 дней назад

    Shouldn’t we have received analysis of Cass’ assertions? That would have been even more valuable.

  • @ibains
    @ibains 8 дней назад +2

    Thanks for going outside your bubble for an intelligent conversation!

  • @MsCatreona
    @MsCatreona 4 часа назад

    I recall thinking at the time it was a bad idea to allow China into the WTO. I also thought at the time that the U.S. war against Afghanistan was a bad idea, and took a whole lot of heat for that position from everyone I knew on all points of the political spectrum. Funnily enough, some of those people eventually came around to my way of thinking. A few even apologized. It would seem I was also right about China vis a vis the WTO, though it does not please me to find myself in agreement with a Conservative.

  • @BurtGordon-o2u
    @BurtGordon-o2u 8 дней назад +1

    I disagree on the interview. I think it’s good for Ian to let someone at least try to rationally explain the theories here even if there are gaping holes, of which there are many.
    And what about that $36T deficit. Seems the plan is to “grow our way” out of that. But higher prices from tariffs and labor inflation (not to mention higher rates and borrowing costs) are going to be a massive headwind for growth. What is going to sustain consumer growth here. This seems more like a plan by billionaires for billionaires. Built on presumptions on top of presumptions.

    • @trudimcleod5042
      @trudimcleod5042 8 дней назад +2

      I think this is all political. Illegal aliens, China, NATO, US allies all have something in common: they don't vote in US elections. Trump was throwing the fiscal house out of the window during the campaign in order to win votes (and stay out of jail). How do you balance his tax cuts, tariffs and inflation with high deficits is hypothetically via the income from tariffs, and technology which does not yet exist, that improves productivity and rises incomes. Those are the presumptions that you alluded.

  • @sulaymans.jawara1455
    @sulaymans.jawara1455 8 дней назад +1

    This guy here is just lying. What a joke.

  • @ttacking
    @ttacking 6 дней назад

    Aw, my Chromecast audio always skips on a still image!? I gotta put this on the soundbar!

  • @eburns-nc
    @eburns-nc 8 дней назад

    I appreciate your patience in this interview, holy cow

    • @jonlapinski5887
      @jonlapinski5887 5 дней назад

      Cass is basically cognitively disabled. Should hear him on Ezra Klien, I don't even align myself left but Ezra ran cicrles around him on trade and industrial policy. The mismatch of intellectual heft was so stark it was painful.

  • @trudimcleod5042
    @trudimcleod5042 8 дней назад

    BTW, Intel didn't fail because the US government didn't make manufacturing chips a priority. Look ant Nvidia, AMD, Apple and Qualcomm. They are doing great! Intel decided on its own to outsource their silicon manufacturing, missed the revolution in GPUs and had bad manufacturing that produce underperforming processors (Celeron).

  • @richardsimms251
    @richardsimms251 8 дней назад

    Very interesting discussion

  • @parkmannate4154
    @parkmannate4154 3 дня назад

    Also, what is this guy talking about? Increasing shareholder value is absolutely the focus of American capitalism. Saying "its about the workers" is just Ignorant or a Lie.

  • @strongstyleorganics4868
    @strongstyleorganics4868 8 дней назад

    I certainly don't share all of Orin's views or think all of what he said was accurate, but an enlightening conversation helpful to understanding the modern conservatives logic on these issues.

  • @freerovingbovine
    @freerovingbovine 8 дней назад

    Consider an immigrant wage tax paid by both immigrants and employers that act as a foreign labor tariff. This would cover the additional costs of welcoming new Americans while reducing the National Debt and discouraging economic immigration. Criminalizing those that don't pay as un-American.

  • @SLF-o2w
    @SLF-o2w 8 дней назад

    Ian Bremmer is funded by Bank of America which left San Francisco to merge with Charlotte, North Carolina known as Wall Street South which holds both credit card debt and student debt. Bad. Banks got bailed out, Main Street got sold out.

  • @johnwhoo6194
    @johnwhoo6194 8 дней назад

    You can't fix your own problems and it's always easy to blame other people, pathetic! Why it has to be a win-lose and winner take all world?!

  • @lawrenceralph7481
    @lawrenceralph7481 8 дней назад

    A lot less whining.
    He will do some things. He will be stopped from.other things.
    Most understand what can and can't be done so they aren't surprised, and people are just tired of yelling.
    So it just should be quieter internally.

  • @traylee1836
    @traylee1836 8 дней назад

    It's fascinating, isn't it? The irony of hearing a figure like Oren Cass echo sentiments that sound straight out of François Mitterrand’s playbook is striking-and yes, quite amusing! French-style policies, with their heavy state involvement and centralized economic control, have long struggled to produce the kind of dynamic growth that defines the U.S. economy.
    And yet, the American free-market system has achieved something remarkable: the five most valuable companies in the world-all founded within the last 40 years. These companies-Apple ($3.675 trillion), Nvidia ($3.571 trillion), Microsoft ($3.123 trillion), Amazon ($2.177 trillion), and Alphabet ($2.170 trillion)-are testaments to the innovation and adaptability made possible by free trade and minimal government interference.
    The lesson is clear: when governments step in with excessive rules and heavy-handed intervention, progress stalls. Free markets, on the other hand, create opportunities for creativity and growth that benefit everyone. The success of these companies proves that innovation thrives where freedom flourishes. It's a powerful argument for keeping the engines of free enterprise running smoothly and resisting the urge to overregulate.

  • @rdbc-i6p
    @rdbc-i6p 8 дней назад

    Could you consider the impact of Tariff barriers with our friends like Canada and Mexico and the cost to American consumers. Ie. Look at Potash and fertilizer costs for farmers.

  • @Joelmonterrey
    @Joelmonterrey 8 дней назад

    None of what Oren Cass opened with will do what he said. None of that makes investing in America look attractive. I hope that he is listening to himself as he attacks the Ronald Reagan Guest Worker policies that have helped feed our economy- and Social Security!!

  • @ryana42
    @ryana42 6 дней назад

    This is propaganda. Cass is not a working class fighter, no more than the republican party. The party of the oligarchs is not going to hold the oligarchs accountable. Gzero ought to be more transparent.

  • @FilipeBrasAlmeida
    @FilipeBrasAlmeida 6 дней назад

    Conservatives: "enforcing laws is important"
    Also conservatives: "let's elect a compulsive liar and convicted felon for president"

  • @davidosessepu
    @davidosessepu 6 дней назад

    Está bien q las personas tengamos ideologias sobre las cuales construimos nuestra visión de lo q nos gustaría q fuera nuestro mundo. Otra cosa es hacer lo q hace el invitado al no atender la historia reciente, no asignar la responsabilidad q les cabe a todos los actores principales y negar q los mercados no son libres en lo absoluto. Hace un par de semanas vi un reportaje sobre la ley antiinflación y su impacto como politica infustrial, el entrevistado no habló para nada de eso.

  • @eil11een
    @eil11een 8 дней назад

    another out of touch billionaire/ news person who doesnt " get" how the majority of people live in the usa god help us after these know it alls get done with us

  • @RyanRuark
    @RyanRuark 8 дней назад +1

    Don’t worry workers, surely the billionaires will save you

  • @Gman979
    @Gman979 2 дня назад

    Unsub.

  • @KarmaKittyFubarZen
    @KarmaKittyFubarZen 8 дней назад

    Insightful, balanced information as always. Thanks!