blows the role of military venture and us far right. sounds good. we're going to i could see against coming soon on out just how well the us economy shape it's presidential election has come a harris and donald trump such strong policies if elected in november. what is the countries reading from a huge deficit and high consumer prices? what can either of them offer this is inside stores the low that on james pays welcome to a special us selection edition of inside story with 2 months to go before the vote candidates. so outlining that economic vision, democratic presidential candidates,

couple of harris. so she plans to cut some taxes and launch a massive house building program. well, form a president, donald trump says he'll slash what he says is unnecessary federal spending and put large terrace on phone imports. the economy and inflation a top priority, so those has as many as struggling to make ends meet. so how will the states, the economy play into the election in november? and what role will swing states play and the outcome will explore all of this without pile of guests who joined us in a moment. but 1st this report from katcha lucas holiday on outlining his economic decision for the us. former president donald trump says so cut federal spending and the corporate tax rate for companies and manufacturer within the country. and he cannot. he also says, tech billionaire elan mosque has agreed to serve in his administration if he wins in november. i will create a government efficiency commission task who is conducting a complete financial and performance audit of the entire federal government and

making recommendations for drastically forms need to do it and deal on because he's not very busy. a has agreed to have that task force democratic presidential nominee cumberland harris's highlighting different economic policies, including a $25000.00 credit for 1st time home buyers and tax cuts. we will pass a middle class tax cuts that will benefit 1000000 americans. well, unemployment in the u. s. as low inflation for means high and frustration among the public will likely show up in the pools. there needs to be a kind of careful balancing between touting accomplishments and recognizing the pocket book challenges that many vote are still feel. it's not just the state of the economy, it's voters perceptions that matter. most opinion,

please give harris a slight advantage, but trump is close behind. and recent survey suggests voters trust to the republican party more to manage the economy. right now, whether you're looking at the national pulling numbers, you're looking at the swing state pulling numbers, you have to say that the momentum is with comma le harris. this race is today, still a tossup, but i'd rather become a harris. then donald trump, given the directional arrow of the pulse, a televised presidential debate next week could be a turning point, with both parties highlighting the others weaknesses and their individual approach to the economy. a catchy a little bit of lilyanne, elda 0 for insight story. well let's discuss all of this with today's panel of political and economic experts. join us on inside story in washington, dc. every time

a political analyst and capable of the g o p. civil war, inside the bible for the soul of the republican party. robert scott, independent economist, he's joining us from rockville, maryland, and demetrius of a lot sauce is chief economist and found the partner at aurora might cost strategies is joining us from new york. so we're talking about the election campaign today. um the economy. it's the economy, stupid. that's the famous expression from james carville, who was the advisor to bill clinton back in the 1992 election. robert, does that still apply? it's the economy, stupid. and in terms of the selection, are we talking about all the comic issues or is it very specifically inflation prices and the cost of living? i think it's a oh, a economic variable. so certainly inflation is high in the minds of many voters. but uh, i think the overall status of the economy is critical. and whether or not the

federal reserve succeeds in achieving a saw planning for the economy. today we had a good jobs report that's uh, that's helpful. but we've had rising unemployment now for 6 or 8 months, and that's a, that's a bad indicator. so we don't know how the economy service providers, particularly 2 months out from now when they actually go to the polls. to eric, there are so many issues in the us election campaign i you would probably agree economy stands that actual near the top, but rank it for, for me, what are the other key issues? why would you say that they are in, in both his minds, health care, abortion crime, climate control of the character of the presidential candidates and full audience, many of whom are outside the us foreign policy, whether whether those things rang well, i think they all right, pretty high, particularly the issues of health care and women's reproductive rights. but of course, those issues also feed into this,

this issue of the economy and rising inflation, which has been imagine problem for the binding parents administration as well as for voters. and i think we're going to continue to see this be a top issue throughout this campaign over the next 60 days. and while certainly many americans will be making their choice based on the economy. i clearly what they are we're looking for and what they are, your 8 for is which of these candidates is going to present the best economic vision, not only for the country, but more importantly for the pocket book, but because of many americans to be addressed in terms of inflation in june 2022 prices were rising by knowing point one percent a month. now inflation has come down to about 2800000, i think is the light is bigger, but that's not reflected. is it in old really people's perception of the situation

kind of point to me. i mean, the federal reserve has clearly done an excellent job of bringing down inflation without causing too much trouble in the labor market. but you know, people have longer memory has been done just the last 12 months of price data and they look at the levels. the price is perhaps more clearly due at the annual increase. and when they compare where they are today, in terms of the prices they're paying for groceries compared to where they were at the last election, that impression of high inflation has not gone away despite, as i mentioned, the progress that the federal reserve has made and bringing price pressures down, robert, i mean that's the problem in terms of, of the public when they talk about inflation, they're really talking about prices. inflation means the amount, the prices are going up. and of course, no economy is wants prices to go down because deflation is really bad thing. but people are think of affected by the cumulative effect of this. and they remember.

but when present biden came into office, it was just 3 and a half years ago. and the things they buy in the supermarket can then compared with now they're about 20 percent more in terms of what the paying for them. exactly. right. and that, yeah, i think the 2 most important, the measures of prices are grocery prices and housing prices. uh, what's your fortune by uh, interest rates. so these are the factors i think are high in the minds of most folders and uh, there's nothing left to to come out of. harris could do was convincing that there was probably cuz you're gonna come down. that would be um, unreasonable and harmful expectations. so we have to deal with the reality of the prices are substantially higher now. my work of 4 years ago, a demetrius. if we look at the steward ship of the economy by the, by the administration and by the federal reserve and it's control of interest rates, how would you judge that? because if you look, say 18 months or so, or 2 years ago,

people were talking about the real likelihood of a recession. and actually this being what they call them, a school, a soft landing. it seems. and some might say, this is actually the best case scenario, the biden. and harris could have how hopeful i would probably agree with that. but i would probably break up the tenure of the by the administration into 2. and let's use the, you know, 2022 when the fed started up hiking rates, as our cutoff there. you know, in the 1st year in the administration, and present by the presided over increasing inflation. probably excessive fiscal spending that fuel that inflation to some degree in the midst of a covet recovery. and i think that record for both the fiscal policy makers, and obviously this includes congress and for monetary policy makers at the federal reserve was not very good and lead to this inflationary option. however,

the 2 years that followed by would definitely give the federal reserve very high marks for. ready managing to engineer and installation coming back down without causing unemployment to spike. and i would also give the administration by march for not interfering too much with the job of the federal reserve, which has and mandate for maxim employment and price stability. i think the probably done very well in that regard. one thing that is important to look out for us we have entered the selection, of course, is a federal deficit, which broadly speaking, is out of control and none of the candidates has a clear plan to bring it back under control. or do you think behind the scenes that may be some frustration among the harris comp time within the body and ministration, but they haven't got the credit for avoiding the recession. many it predicted to oh, absolutely, insight. but i think

a lot of that has to do more with the buy didn't harris administration simply not touting their economic record. this is an administration that has produced more jobs than any other administration over the last 3 decades. in addition to that, we know that the us economy has certainly outpaced the any other economy in the world. and so clearly what we're seeing is under the buying harris administration, there had been a number of jobs that is, that have returned to the united states, particularly with more court corporations and companies. now building semiconductors in the united states. as well as a very real effort to try to keep prices low, which is why we're saying the, the harris campaign attempting to go after companies we have price gouging. because while we certainly look at this issue of inflation, we know that corporations that certainly try could benefit from that as well. in fact, one major grocery train has even grocery chain as even admitted to actually hiking prices. as a result of the rise and inflation. as we had towards the election,

which is now less than 2 months away, the, it seems some important bits of information and decisions coming to head. one of the bits of information is the jobs report which has come out recently. but that shows the data that a 142000 jobs were added in august. that's nearly $30000.00 more than july. unemployment slip slightly standing at 4.2 percent according to the labor department robot. all those fit goes good or bad. would you say, well, i think they're very good, i mean, continuing to add jobs. but despite the pressure that's being opposed has been imposed by the federal reserve, the past 5 years or sir, was that for your in the past year or 2? i think it's a, it's very good news, but i think the other thing to keep in mind in this, in this discussion, i don't think the candidates had made this point at. i know is that inflation is

not just a us problem, is global. it was a cause that is from merely by supply chain problems that are coming in during the corporate crisis and afterwards, and by the war and uh, in the crate which has resulted in tighten supplies of food, grains and, and the energy supplies. those are precisely the things that are going up too fast . the other factor is, of course, corporate profit tearing is mentioned. corporate profits are up sharply over the past 3 or 4 years. so companies have take advantage of the coverage of price pressures to increase their returns. so that job is report is one important milestone. the other, i believe, comes up on the 17th. and 18th of this month, when the federal reserve will be meeting to decide on interest rights given that jobs report. what do you think that jerome powell and these colleagues are going to

do? demetrius, i think, today is, are for um, solidifies the case for a rate cut, which has been well telegraphed by both j pyle and other members of the f o. m. c, which sets interest rates here in the united states. there's a little bit of debate in the markets of whether that's going to be $25.00 basis points or 50 basis points, reduction and interest rates. to date jobs report, i think was strong enough to justify the fed starting slow starting with point 25 percent. and then seeing how it goes over the rest of the year. but i think the case for lowering interest rates had been well made by market participants by the data and by members of the fed open market committee. so i would expect the car to come in 2 weeks time. eric has a couple of harris tries to sell her economic policies. we know that the

republicans so far in this campaign, it had the advantage in the poles on economy. how called it or how easy is it powers to separate herself from biden's economic rec, what she's trying to portray herself as the change come to this as well while she's making while she's trying to make that argument, that she has to change kennedy clearly what we're seeing is a candidate who is also continuing to double down on the policies from the bite and harris administration, where a focus on the working middle class. and of course, her latest proposal on more affordable housing built throughout the country. i think that would certainly be a mass of bone and that's, i think, been one of the major sticking points, particularly for young people are rising and moving into the middle class is these lack of affordable housing across the country. and that's actually a, a, a move that a harris administration, if elected could actually implement. i think that would go

a very long way and solidifying not only a growing and robust economy, but certainly i think a successful presidency of for the harris wattsey. well, let's look at some of the policies and housing is one of them. demetrius harris, as we, as we heard eric say, is touching to build 3000000 new homes during her 1st term. but she's also going to get 1st on by is a $25000.00 towards a down payment. now some economists have criticized that say that that's just going to mean those going to increase demand. and so there's gonna raise that prices and everything demand, same policies, carrier risk of inflation with them. and when you, you know, give everyone a subsidy regardless of the, of the amount you can expect. some of that to flow through to um, house builders and sellers. and i don't think that's and i think that's a fair critique. what seen demand driven policies and in other parts of the world

in the u. k. in canada and usually runs. and in general, i would say that have succeeded more in raising house prices and they have succeeded in raising rates of house building. and that's something i would look at very carefully either as the kind of heresy can on a team or, you know, whatever congressional approval is, a buyer for that. and the international evidence is not particularly robust for these kinds of subsidies. it's demetrius, one of the things that from on the other hand wants to do, he says that will improve the economy, is to have a government efficiency commission, where he says, i quote to you that he wants an oil due to the tall federal government and wants them to make recommendations for drastic reforms. now the interesting thing about this is who is put in charge of it because he's put a loan mosque, the boss of testing the boss of x that used to be twitter. of course,

i would imagine that there are some of us civil 7 to a quaking it up. it's about this given the most laid off 6000 people. 80 percent of twitter is workforce when he bought the company. well, i'm not a single 7. i wouldn't want to to speak for several seconds where it came from that country. it's, you know, it's a standard, i would say, republican, a proposal that the, you know, the, the federal government is bloated, has too many people doing too many things and it needs to be sent out and, and do few other things as a mattress on i missed i'm somewhat less concerned about the, the size of the administration. i don't think that to where the deficit problems this company has to begin and end. so i wouldn't hold my breath to see the macro economic impact of that. if i had to guess, i would imagine the impact would be fairly limited on the macroeconomy. robot staying with trumps plans. obviously part of the strategy was everything with trump

is america 1st and an economic terms that means putting terrace on products imported from a bu abroad. he's floating the idea of a 10 percent universal telephone inputs from a board board and hitting those goods coming from china with a 60 percent tariff. what do you make of that? is that going to work or is that just going to fuel further inflation? i think it's purely inflationary evidence to show the tariffs are not effective at reducing enforce or stimulating demand for domestic goods. that the court problem with the american goods is that we're not price competitive and that's in part driven by the fact that the dollar is so hot, it's so strong in the global economy. so i think that's a problem and i think you have to think about that. the dollar and the competitive is frankly, from the frame of one of the larger macro, not rack, where you can make plans of these 2 campaigns. trump is proposed retaining his

corporate tax cut at a cost of perhaps $5.00 trillion dollars over the next decade. on top of that, the tariffs that you mentioned are going to cost consumers anywhere from the 2000 to $4000.00 per family. so you know, these are, these are huge costs to impose a burglar, so causing the economy. i expect that those, those pass codes alone are going to, to uh, boost the government deficit and raise the cost of borrowing. on the other hand, i think the buy ministration is going to retain those taxes and invest part of the receipts and things like child care tax credits and uh, uh, tax credits for children uh, particularly low income families. so the priority is a very different and i think uh those kind of macro priorities will lead to lower interest rate. so as far deficit for the,

the harris walters administration. then for trump, who is going to expand the deficit by cutting taxes. so i think it's important to step back and look at it from the broader lens. do we also eric, that we have to step back and look at these things, which is supposed to be economic policies and look at the more politically that the yes, that not necessarily all about the credible economic plan. there are about things that are attaching for voters, for example, how result you know, we've just heard about trump on terrace. how it's nose inflation is a weak spot for her. and she suggested a proposal to boat ramp about my price gouging on, on, on, on groceries to. yeah, that's right. and we know that that's an issue that she is as making her case. so to the voters, but look at going back to donald trump and these terrors. we've actually seen this play out during his administration, where he placed harris on goods coming from china, as well as from turkey. and i think what we, we seeing how that played out didn't really bode well for the american consumer

then. and they certainly will not at this time. but of course, donald trump seems to believe that this is actually a boon for the united states. and it punishes these foreign countries, but he doesn't seem to make the case in terms of administrators, the buying power of us consumers. and so i think that's something that we have to also continue to see play out. it's also important to know, we've also heard from goldman sachs that weighed in on both of these 2 candidates and what they believe the mirror policies will do for the economy. we've heard from goldman sachs, it says that they believe that a terrace was campaign will actually be a boon for the economy. whereas they believe that donald trump, with his parents, would actually slow economic growth for the united states. demetrius and it's all very well, all of these policies that are all proposed by these candidates. but there's another factor in us politics, which is, who controls congress harris may not be able to put any of these policies in place

if she loses the senate. and the democrats look pretty. we cannot race a pointer. it's actually, um, something that uh, people tend to underestimate the us is of course selecting a president in november, but it's also electing a 3rd of the senate. and the attorney that has the representatives and the power of the 1st decisions over how much the tax and how to spend my was congress, they don't mind with the president. so it will be just as important, if not more important than who ends up in the why has to look at what is the congressional composition going to look like. the democrats have a very tough man ahead of them and they stand to lose one seat in west virginia, which means if they win, the presidency, control of the senate will come down to the wins in montana and then come in there . trump tester from the democratic party is trailing in the balls now is not

trailing by much so i wouldn't dismiss out of hand the idea. but the democrats could emerge from this election was controllable. 3 houses that would enable kind of a harris to push forward her economic agenda. but what is more likely is that we will end up with divided government regardless of who ends up in the white house. and what that means is there's going to have to be compromise, is going to have to be some bipartisan agreement over how to deal with a deficit. how to deal with the tax cuts that are expiring, how to deal with a debt limit, and that will not just require input from the president, but also from whoever controls the chambers congress. for now, i start a series of discussion with a maxim, it's the economy, stupid. another one in the us campaign politics. normally as presidential debates don't move the needle, but of course we saw what happened at the end of june. eric, how much, how, how important is the debate coming up in just a few days time,

and how important will the economy be in that debate? i don't think this debate is going to matter at all in terms of the subject matter or the economy. i think this is going to be a fight overstayed craft and optics. many people are going to be watching to see if cala harris can actually withstand the attacks that will certainly come her way from donald trump. if she can do that, i think we will then begin to see the polls begin. we will begin to see some separation in the polls, but make no mistake. this is a debate that is all about complet harris, just as much as in june. that debate was all about joe biden. many people are watching to see if in fact age was going to be an issue. and it certainly was during that debate, many people are going to be watching to see if comma harris can actually look and at, in, in appear to be like a commander in chief on that stage. and if she can pass that test, then i think both as well reward her with that role. but we've been talking all

about financing each economics in this discussion. but of course, this economics and guessing collected as well isn't there. and the, these figures are interesting. the figures for august, the vice president harris raised $361000000.00. that's nearly 3 times. what president trump for president trump raised in that month? i think that's correct and the uh, the, the, i think tamala harris is a selection and the evaluation by as a credit party creates a tremendous amount of the thursday as a amongst of older, as far as many of them have been sitting on the sidelines and including many of the wealthy individuals who have been withholding contributions from the bite and campaign. so i think it's a combination of a breaking up, a dance of those contributions, cummings engine, democrats, as well as in increasing susie as and for

a come all at harris science to all 3 of you all guess today, eric camera, but scott demetrius phillip sauce, we we putting the spotlights on the campaign regularly on this program between now and election day, november the 5th. remember, you can also find plenty of us political analysis on which is there a dot com we want, you'll use to go to a facebook page. that's facebook dot com, forward slash a inside story, or find this on x where we are at a inside story. i'll be back here in this chat very soon. until then for me, a little too. bye bye for now, the, the investigative gen. thousands of young men and women come down into the jungle to join the pro democracy forces sharing personal stories with the globe. and what do you do have experience been followed by multiple possibly chinese agents,

exploring a fund world class program as anybody dies in gaza or salvation. this will just say things that are falls on the see the world from a different perspective on how to use here. ready too often of kind of style and it's portrayed through the prism of war. but there were many of the kind of stuff thanks for the braves. individuals who risk their lives to protect it from destruction. an extraordinary film archives funding for decades reviews, difficult into the countries mold in history. the forbidden real part 3. the rise of the mercedes on us just either inequality corruption, depression, and rain. it just decided to cost the piece of cake. i'm sure it's a joke. you meant for it explores the desperate states of democracy and 11

through the eyes of those who are losing home every day. oh, dreams are becoming blue. democracy maybe democracy for sale on al jazeera. good. i think the global system is broke. therefore, system does not solve itself, we're going to have to find new ways we do not need fossil fuel. the 2nd, it's people knowing what to do, the saving, consciously do the right things. that will help us solve this problem, not by knowing everybody else and that's enough to one. so there's a false expectation, particularly among rich people, that they can survive every day. even rich people are going to be affected by the impacts of climate change and they're going to have to so fish behaviors. what got

us into this from the surface behavior will not get us out of this from the real matheson into how the top stories on ultra 0 is really armies. again, targeting heavily populations. refugee comes in gaza. it's killed 14 palestinians across the strip since don't on saturday. at least 8 people have been killed in an attack on a school being used as a shelter in jamalia. families were living in the building as well as intense nearby. several people have been injured and they've been taken to local hospitals, less of the applause we were assisting with imbecile hit the place we only civilians and we don't know where to go. there is no safe.