Episode #70: Why is the Economy Terrible but Unemployment so Low?

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To start off the 70th episode, Eric pays tribute to his Grandfather who recently passed away, and reflects on why the example set by him and others in the Greatest Generation should motivate us to keep fighting to preserve the ideals that they handed down to us. For the main discussion, Jacob compares and contrasts the apparently conflicting data points between currently low unemployment and rising inflation, attempts to explain the discrepancy, and reacts to several of the tone-deaf reactions to the state of the economy by professional pundits.


00:00 Intro
03:40 Eulogy for Eric’s Grandfather
13:21 Main Topic: Why is unemployment so low if the economy is so bad?
30:20 Two-pronged approach to deal with this situation politically
35:08 GOP’s botched mentality on work and economics


“Everything is Weird” by Derek Thompson: https://www.msn.com/en-us/money/markets/the-everything-is-weird-economy/ar-AAZHcRf    

Pro-GOP pubs still claiming Americans are struggling because them young, whipper-snappers are just too dad-blamed lazy to go to work: https://thefederalist.com/2022/07/08/the-decline-of-the-american-work-ethic-will-exacerbate-the-oncoming-recession/  

GOP’s outdated view of the American Dream:  https://nypost.com/2022/07/04/than-the-american-dream-and-anyone-can-attain-it/  

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