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Why Democrats are sheepish about taking credit for a good economy » WDET 101.9FM – WDET

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Writer Zachary Carter explains how we’ve been incorrectly talking about inflation in America over the last several decades.

From the linger effects of the pandemic to high inflation rates driving up prices, the U.S. isn’t the easiest place to live right now for many people. But there is a rosier perspective to what’s happening, including what is by many indicators, a strong economy.

Unemployment is low, low-wage workers have more power, production has been increasing and child poverty has been cut. However, Democrats don’t seem to be taking credit for it as they move into the midterms.

“If you look at where the economy was a year ago, 15 percent of American parents were reporting that their children were going hungry in the U.S.,” — Zachary Carter, author of “The Economy is Good, Actually,” and the book, “The Price of Peace.”


Listen: Why Democrats aren’t taking credit for a good economy?



Guest

Zachary D. Carter is the author of the piece “The Economy is Good, Actually” and the book, “The Price Of Peace: Money, Democracy, And The Life Of John Maynard Keynes.” He says Democrats won’t take credit for a booming economy because COVID-19 still plagues peoples’ lives and inflation scares the public.

“If you look at where the economy was a year ago,” says Carter, “15% of American parents were reporting that their children were going hungry in the U.S.”

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

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OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

The Canadian Press. All rights reserved.

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Economy

How will the U.S. election impact the Canadian economy? – BNN Bloomberg

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How will the U.S. election impact the Canadian economy?  BNN Bloomberg



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Economy

Trump and Musk promise economic 'hardship' — and voters are noticing – MSNBC

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Trump and Musk promise economic ‘hardship’ — and voters are noticing  MSNBC



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