What Is The Real State Of The US Economy? | KALW

What Is The Real State Of The US Economy?

Aug 28, 2019

On this edition of Your Call, we’ll have a conversation about the future of the US economy.

In recent months, economists and forecasters have warned that the economy is barreling toward a recession because of several factors, including the US-China trade war, slowdowns in China, US manufacturing, and the Trump/GOP tax cuts for the rich. What do we need to know about the inner workings of the US economy? And is a recession in store for 2020?

Guests:

Dean Baker, senior economist at the Center for Economic and Policy Research 

Tim Aeppel, reporter covering the economy at Reuters

Web Resources:

Jacobin: How the Media Fools Us About Trade

Reuters: To survive trade war, some U.S. importers embark on major revamps of product lines

The New York Times: Trump Can Battle China or Expand the Economy. He Can’t Do Both.

CBS News: Why U.S. Steel, a showcase for Trump's tariffs, is laying off workers in Michigan