Larry Summers on election-year economics

Bloomberg International Economics and Policy Correspondent Michael McKee breaks down how the presidential candidates differ in their approaches to the US economy. Also, Lawrence H. Summers, Former US Treasury Secretary explains why this election might be the "most consequential election since World War II."
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[@valetudo1569]

If you listen to Larry at 2x speed - he almost sounds like a normal human being talking in terms of speed

[@valetudo1569]

I push back on the dude newscasters that said the market went south and then rebounded when Trump was elected. I remember the markets skyrocketing when he was elected bc they knew the tax cuts were coming - and they did

[@id10t98]

Trillions more in debts came along with those tax cuts.

[@valetudo1569]

@@id10t98 Yes this is true

[@rickwalden7022]

Trump knows business no doubt.

[@valetudo1569]

@@rickwalden7022 It was just tax cuts... not really business.

[@taezonday]

Corporate tax cuts resulting in CEO raises, stock buybacks, and literally 0 resulting growth in real wages for the common person. Nothing new for Republicans but Trump took it to a new level.

[@winstonmonster]

Love sommers!

[@tuckerbugeater]

somers?

[@4anewdeal190]

one of the greatest economic mind’s that ever walked the earth ❤️ for Uncle Lair

[@valetudo1569]

Uncle Lair? Lol

[@wy2528]

This is the politician talking not economist talking

[@timmeier2001]

This guy has not one bit of common sense. Why would they let this guy talk like? He knows what he's talking about.

[@bob___]

I think these comments about the election are undercut by the use of the term "populism," which doesn't seem to have a precise definition and which is juxtaposed to "democracy" only when ostensible democrats want to criticize the outcome of an election. Moreover, Juan Perón and Benito Mussolini, who are offered as examples of populists, implemented collectivist economic programs which led to both the initial successes and later failures of which Larry Summers spoke in this clip. By contrast, neither Trump nor his supporters advocate collectivist approaches to economics. If the term "populism" covers Trump as well as Perón and Mussolini, the "populism" doesn't really mean anything unless it is simply a pejorative for anti-establishment politicians who have significant electoral support. If time is going to be given to this issue, then the time should be used to say something with actual information content. Otherwise, it's just propaganda like Fox News or MSNBC.

[@user-nc9pc3gr4c]

Totally. Biden and the democrats have been ripping apart free speech, and removing people from the balot. Yes, our democracy is in danger from Biden.

[@neuropuritan_zealot8455]

5:48 How stable has the world been with Biden in power?

[@user-nc9pc3gr4c]

Totally. Biden and the democrats have been ripping apart free speech, and removing people from the balot. Yes, our democracy is in danger from Biden.

[@id10t98]

Better.

[@siegfriedfurtwanglerknappe6188]

​@@id10t98Delusional

[@dowernest5752]

BS! Worse!

[@rickwalden7022]

LMAO.

[@dan_taninecz_geopol]

Summers is correct. The entire American system is at stake.

[@smithb0134]

Well, thank you for the boring yet persistent Democratic talking point, but every president elected is the end of Democracy as we know it. It’s called policy change

[@JoeMmt347]

Epstein’s buddy.

[@user-cg2wx4uq6j]

ㅁㅁ

[@smithb0134]

I appreciate Larry's assurances but, at present time, I'm worried more about Progressive obsessions and pathologies than I am Trump's impulsiveness and childish behavior. Until the Democrats can put the Progressives in their place, radical college professor fantasy land, I can not vote for them.

[@glennnielsen8054]

The campaign against Trump is politicized. Regardless of whether you are for or against him, it is difficult not to come to that conclusion. Summers is too big a Democrat that he cannot be unbiased in that context.

[@taezonday]

Trump said he wanted to suspend the constitution. Nothing political about his own words. You still support the traitor?

[@Sabaka1954]

Are Liz Cheney and Mitt Romney also too big of a Democrat to be unbiased? With all due respect, a lot of people who oppose Trump do so not because they disagree with his policies, but because he doesn't believe in democracy and does not respect democratic institutions. I don't think Larry is speaking as a Democrat on this issue.

[@SocialismSucks]

I agree, let’s go Brandon.

[@dowernest5752]

FJB!

[@wegder]

Will a trump dictatorship be good for stocks?

[@greggf6831]

Trump had 4 years ass POTUS and was it a dictatorship? I dont recall it was, so why would it be now? I think you're being fooled.

[@salvador.garcia]

​@leoa1893Brandon's a puppet.

[@chrischoir3594]

wow lol

[@lawrencefeldman462]

I'm fior Trump in Orange prison jumpsuit.

[@rikirex2162]

majority of old people tend to forget that we have to die ...and nobody of the next generation will give a crap about this overinflated event...

[@perrybelcourt5441]

Larry like socialist when the bank collapsed

[@bobslate7231]

Actually Biden has kept much of what Trump put into affect in regard to China.

[@greggf6831]

Yeah but not the migrant remain in mexico policy which Biden overturned and now look at NYC, Chicago, LA, and the rest of country being buried under billions of dollars cost overruns, resources diminished of crisis proportions

[@taezonday]

All Trump voters would love Biden if they realized he kept and expanded all beneficial Trump populist policies. The only difference is Trump will push for more corporate tax cuts, implement overtly racist and ineffective immigration policy- dumb "Muslim ban" and "Mexico paying for a border wall that can be cut by a battery angle grinder", and be a major risk of a constitutional crisis because he has already stated he wanted to suspend the constitution and will not accept election results.

[@id10t98]

Did Larry suffer a stroke while talking? My goodness, spit it out, man.

[@hiuofwreqc]

Alright this does it, Im voting for Trump 100%. This man sounded as scammy as a man could be.

[@id10t98]

and somehow you think orange mussolini isnt scammy? (face, meet palm)

[@tuckerbugeater]

it's all a scam bucko@@id10t98

[@wolframluchner5316]

Can‘t listen to this leftist nonsense.

[@excellentsmithers6417]

Oh, God...Summers is going Rabbi on us.

[@NomadJoe0323]

Trump would likely ruin whatever progress had been made. Vote for Biden.

[@user-nc9pc3gr4c]

Biden and the democrats have been ripping apart free speech, and removing people from the balot. Yes, our democracy is in danger from Biden.

[@NomadJoe0323]

@leoa1893 I used to be a registered republican, Trump is an absolute disaster of a president

[@NomadJoe0323]

@leoa1893 not excited about Biden but I’ll NEVER vote for Trump. He’s an absolute disgrace.

[@greggf6831]

Trump is a disgrace but the world can't take another 4 years of Biden. Adversaries are too emboldened to harm American interests while is is in charge. Has this much conflict ever happened under one president? It cant be coincidental. Russia invaded ukraine, Taliban take over Afghanistan right away, US bases inn Syria and IRaq attacked over 100 times, Hamas and Hezbollah attack Israel, Houthis attack US Navy ships, and commercial vessels, Iran is able to sell more oil under biden making them stronger and sowing more discord, China ever more aggressive with Taiwan and the Philippines. Look at the theme. All American strategic allies being engaged by our enemies

[@bmahoney1568]

He’s right that this is the most consequential election since ww2, we can choose to give up our freedom and our democracy to the communist party of America or we can vote for freedom and democracy and re-elect president trump!!!

[@drscopeify]

How is Trump representing freedom? What did he do in his 4 years that gave you freedom you did not have already? Did he remove gun laws and regulations or did anything for 2A? No he did nothing. Did he stop immigration? OK he was working to secure the border but H1B visas were flying off the shelf. He spent 2 trillion on COVID and stimulus checks instead to forcing everyone back to work at least under age 50. It was all a real shit show under Trump.

[@user-nc9pc3gr4c]

Totally. Biden and the democrats have been ripping apart free speech, and removing people from the balot. Yes, our democracy is in danger from Biden.

[@DonrealityD]

I’m surprised the communists lets you speak against them on KZbin. You’ve clearly never experienced communism 🤡