Beyond Politics

Chris Hill of Motley Fool Money on why no one knows what to make of the confusing mess of economic data and business news...and that's making the market super jumpy.  Also, Amazon goes all in on the NFL. 

Just as Republican Senator Lindsay Graham scored a possible own-goal by proposing a national abortion ban, suddenly Ron DeSantis Diverted media attention onto his stunt to fly migrants from Texas to Massachusetts. Are Democrats at risk of letting the election focus change to Republicans' favorite territory.  Also, the country dodged a train last week when President Biden helped to avert a railroad strike--but it ain't over yet. 

Brookings Institution expert Jonathan Rauch breaks down his amazing viral article for The Atlantic, "Trump's Second Term Would Look Like This," detailing a nightmarish future with an unprecedented assault on the agencies, military, courts, and democracy. Rauch is the author of eight books and a contributing writer to The Atlantic.  He was the recipient of the 2005 National Magazine Award, the magazine industry’s equivalent of the Pulitzer Prize. For the video of this podcast, subscribe to The Takedown on YouTube.

Also, the tide turns in Ukraine. The big primaries today.  And should Democrats try to keep Trump off the ballot?

Several weeks ago, an NBC news poll found that the number one issue for Americans was not inflation, but the threat to democracy. Yet, despite American's clear concern, and despite Republican gaslighting about the supposed liberal bias of the media (hint, it's the opposite, as we cover in this episode), former Chicago Sun Times Editor Mark Jacob says that the stunning rise of fascist forces in America and the MAGA takeover of the Republican Party remains stunningly under-covered. "The media is scared of telling the truth when it comes to horrible things happening in politics. Nobody was set up for this rise of fascism...and it is fascism. And also the willingness of the Republican party to cheat in elections and and try to overturn legitimate elections. It's just astounding to me is how the biggest story of our lifetime is sitting right in front of us...yet they're afraid to cover it." Mark Jacob spent 41 years in daily newspapers, mostly in Chicago. He’s the former Sunday editor at the Chicago Sun-Times and former metro editor at the Chicago Tribune.

Time Magazine recently described Jesse Ferguson by saying that he "as been one of the quiet forces inside rooms where power has been negotiated, won, or ceded over the last two decades." He's one of the most sought-after messaging experts among Democrats, and he has a lot to say about the key thing that Democrats always seem to get wrong when talking to voters, and how to fix it (hint: there's an easy acronym to remember how...ABC-V). Matt and Jesse also cover how to make the Inflation Reduction Act resonate with voters, how the midterms are shaping up, and favorite stories from the campaign trail. 

The shape of what and how we view things on television is rapidly evolving, with the NFL moving to Amazon, NBC potentially dropping an hour of prime time, and sports looking to a streaming future.  Chris Hill, host of Motley Fool Money, explains the dizzying changes and what might be coming next.  Also, what will the homestretch of the business year look like?

By which we mean the homestretch toward the midterms, with 9 weeks until election day, and the outcome depending on voters' priorities between inflation and autocracy. But also, President Biden's big speech last week depicted a country on the brink of a total meltdown, with MAGA forces poised to upend 250 years of democracy. Are we actually that close to the brink, and if so, was his speech the right thing to do? Plus, if we're so close to a MAGA takeover of government, why are Democrats promoting MAGA candidates? 

Several years ago, Newt Gingrich created a bit of controversy when he said in an interview that feelings are facts, and that the way people perceive an issue has just as much to say about it’s reality as any set of statistics that you could gather. Many people scoffed or reacted with outrage...but the truth is, he was kind of right: for instance, the way people feel about the economy has a strong influence on the objective reality of the economy as seen in the kinds of statistics that we can measure. In fact, economists generally accept the idea that people's feelings and expectations about inflation -- the number one public issue in the country right now -- become self-fulfilling prophecies that manifest in actual inflation. That’s why if you listen closely to our nation's economic leaders like Fed Chair Jerome Powell and Treasury Secretary Janet Yellen, you’ll hear them talk so much about consumer confidence. The leading institution that measures people's feelings about the economy in America is the University of Michigan Survey of Consumers.  Their Consumer Sentiment Index is one of the most closely-watched metrics of what is happening, and will happen, with the economy. Their Director Dr. Joanne Hsu joins us to tell us what it means, why it’s important, and why we need to be paying extra close attention to it right now.

We’ve been talking a lot about President Biden's decision to give holders of student loan debt substantial aid by canceling up to $10,000 in debt for those making less than $125,000. It seems like the decision has made no one happy, and that's definitely true of today's guest. Brian Riedl is a Senior Fellow with the Manhattan Institute who is an expert in economic policy, having worked for six years a chief economist senator Rob Portman and Director of Budget and Spending Policy for Marco Rubio’s presidential campaign. He has plenty of policy critiques of the Biden plan...but surprisingly, he has even more criticism for the Republican response and what it says about where the Republican Party has landed today, lacking any kind of coherent domestic policy agenda. He's written an article about it for The Dispatch (image from their article) and he joins us to explain.