joining me now is oren cass, he's the founder and chief economist at american compass, a conservativehink tank. oren, welcome. i'm so glad to have you, because you really have been in some ways laying the intellectual foundations for kind of trumpism. so let me start by asking you, is the republican party now firmly a kind of working class party? because it does seem to get the majority of working class votes. and yet, you know, the big thing that republicans do wherever they come into office are these massive tax cuts that disproportionately help the rich. when you look at the transition team that trump has appointed, it's $2 billion, one for wlth. they're talking about extending the trump tax cut, $2. 5 trillion over ten years. what's going on? >> well, i think you've captured the tension very well. the republican party, the voters of the republican party at this point are squarely centered on the working class. and you know, it's important to define what we mean by that. i think the best way to understand it is, it's the majority of americans who still don't have a college degree a

we are joined by oren cass. welcome to washington journal. caller: thanks -- guest: thanks for having me. host: tell us about your mission at american compass and how your organization is funded. guest: -- what that means in practice is focusing a lot on economic policy, trying to get away from the idea that all growth is equally good and we will make it up to everybody who is left behind. as a result, we are funded by an interesting set of individuals and corporations and a lot of foundations across the political spectrum. host: speaking of the political spectrum, where would you say your group fits in terms of ideology in politics as well as economics? guest: we are on the right of center. we are identified as a very conservative group. at the same time, it is interesting, we spend most of our time on arguments within the right of center, working on a lot of these fights that are going on among conservatives. like how to move forward, obviously the republican party today is not the same one of john mccain and mitt romney and paul ryan. so,

oren cass wrote that op-ed. he's founder and chief economist at a think tank called american compass and author of a book called "the once and future worker: a vision for the renewal of work in america." tuesday's exit polls shows there was broad unhappiness with the economy, the wayhings were going. two thirds of the voters described the economy as not so good or poor, and 70% of them voted for mr. trump. what do you think they were voting for? what changes do you think they were voting for? oren: well, i think they were voting against what we've done in this country for 20 or 25 years now, except during mr. trump's first term, which is basically just focus on this idea that all people want is cheap stuff. so the more we do globalization and move our jobs to china, the more we have an open border and bring in low-wage migrant workers, the better off we will be and we will see high gdp numbers and the stock market will go up and everything will be great. and the reality is that for most people, that has been a c

that is what we not have had and we need to get back to. >> oren cass, a pleasure to have you on.nk you so much. next on gps, world reaction on trump's reelection. >>> the current cover story of the economist discord welcome to transworld. so, what will a second trump term mean for the global economy and for geopolitics? touring the is editor-in-chief of the economist. what do you think -- they say the world reaction. it is a big thing, but what strikes you most about how people outside america are reacting to the selection? >> it depends on what country you're talking about and what leader you are talking about. if you're amongst the autocrats, you probably welcome this. many people around the world were expecting it. there are two people in dread, mexico. i think mexico is in real trouble. but because president-elect donald trump's deportation determination is going to really had mexico and, secondly, mexico will be hit hard by any protections. the other is europe because i think that they are really in trouble. firstly, again, the eu has a huge trade surplus with the united sta

that was oren cass. guest: thank you.t: later on washington journal, tom hartman will join us to discuss president elect donald trump's victory and the future of the democratic party. next, we will have more of your calls and comments in open forum. dial in now. while we wait for your calls, we will show you a bit from yesterday, when president biden and chinese president xi jinping delivered remarks before holding a bilateral meeting on the sidelines of the asian economic cooperation forum in lima, peru. biden met with jicha and paying for two hours where the -- gg president xi jinping for two hours where the president was staying. >> -- and sustainable china-u.s. relationship remains unchanged. our commitment to respect -- remains unchanged. our desire to carry forward the -- between chinese and american people remains unchanged. our desire to work with the new u.s. administration -- for the benefit of the two people. i look forward to an in-depth exchange of views. thank you. >> thank you very much, mr. president. it's

. >> oren cass, what is your assessment thus far of president-elect trump's picks for his cabinet, as well as what you're hoping to see from vice president-elect jd vance when it comes to economic policy? >> well, i think something really interesting that you notice in that clip from jd vance is that he's -- he's actually pairing together two different issues where the republican party has really shifted. on free trade and economic policy, the republican party and, for that matter, the democratic party, as he noticed with joe biden, was overwhelmingly focused on just embracing free trade and ignore places like ohio that were going to be hurt by it and also, then, on foreign policy, it was sort of a parallel process. you had both democrats and republicans just kind of going around looking for wars to start, and not thinking about the people who were going to have to fight in those wars. and so, what i think what you see with trump and vance and in the picks they've started to make is obviously a different way of thinking about that. so far, the picks have been more on the foreign polic

that was oren cass. guest: thank you. later on washington journal, tom hartman will join us to discuss president elect donald trump's victory and the future of the democratic party. next, we will have more of your calls and comments in open forum. dial in now. while we wait for your calls, we will show you a bit from yesterday, when president biden and chinese president xi jinping delivered remarks before holding a bilateral meeting on the sidelines of the asian economic cooperation forum in lima, peru. biden met with jicha and paying for two hours where the -- gg president xi jinping for two hours where the president was staying. >> -- and sustainable china-u.s. relationship remains unchanged. our commitment to respect -- remains unchanged. our desire to carry forward the -- between chinese and american people remains unchanged. our desire to work with the new u.s. administration -- for the benefit of the two people. i look forward to an in-depth exchange of views. thank you. >> thank you very much, mr. president. it's g

conservative economist oren cass writes real investment in factories has more than doubled since presidenttronics industry, it has nearly quadrupled since the beginning of 2022. by comparison, mr. trump's council of economic advisors tried to show that his 2017 tax cut spurred investment, but it was actually zero. joining us is the social dean at the yale school of management. just looking at the numbers, there's so much that joe biden built into this economy that i ca all at once. reading your article and other pieces, it reminds me of pieces i've forgotten. that's the politics of next year, the challenge of reminding people how we got here. >> can you imagine being joe biden? you and i have very strong feelings about the success of this president's administration. some people have some differences. but this has been one unlucky guy. i stuffed envelopes for him in 1972 when he lost his wife and daughter. and then of course losing his treasured son and going on the debate stage, getting covid that was finally diagnosed when they didn't want to admit, and to the debate, and now this where h

we are joined by oren cass. welcome to washington journal. caller: thanks -- guest: thanks for having me. host: tell us about your mission at american compass and how your organization is funded. guest: -- what that means in practice is focusing a lot on economic policy, trying to get away from the idea that all growth is equally good and we will make it up to e >> what i saw in his first term, he gets to the white house, paul ryan is the speaker of the house. what are the big legislative priorities? it was a wig corporate tax cut and trying to repeal oaker. -- obamacare. and where thinking and work had already been done in terms of stronger immigration enforcement and trade policy and confronting china. and i think especially on trade, the ambassador who was trade u.s. representative who is the treasure secretary candidate now, he knew what needed to be done and trump gave him the power and spice to do it and we made a tremendous amount of progress on the trade issue with china. >> when i was a sophomore in high school, that politician gave