Sunday Political Talk Show interviews during 2020-2024: on Budget & Economy


Nikki Haley: Resigned from Boeing directorship; opposed government aid

Haley stepped down from Boeing's board of directors because she opposes government aid. "While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses," Haley said in her letter. "I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position. I have long held strong convictions that this is not the role of government."
Source: CNBC analysis of 2024 presidential hopefuls Mar 19, 2020

Vivek Ramaswamy: Unleash the animal inside the heart of the American economy

There's this false debate between spending cuts or raising taxes between Democrats and Republicans. I think we have forgotten the biggest ingredient to actually deliver us from our problems. That is GDP growth itself. GDP growth was over 4% in this country until the early 70s. It's been less than 2.5% ever since. I think we need to unleash the American animal inside the heart of the American economy. And so that's why I'm taking aim at certain opponents or certain anti-growth measures.
Source: CNN SOTU interviews on 2023/2024 Presidential hopefuls Mar 13, 2023

Doug Burgum: Balanced the budget every year and passed record tax cuts

In [his Burgum's] 15-second advertisement titled "Why", Burgum says, "First, fix this crazy economy. Second, unleash American energy production. Third, rebuild our military to win the Cold War with China."

His second minute-long ad titled "Change" touts Burgum as a "new leader for a changing economy." It  highlights his background growing up in rural North Dakota, using his inherited farmland to invest the seed capital for Great Plains Software. He sold the company to Microsoft for $1.1 billion in 2001, and became governor of his home state in 2016.

"As governor, we took North Dakota from billions in the hole to a surplus," Burgum said. "We balanced the budget every year and passed record tax cuts, again, working together. Think what we could do with America."

Source: Iowa Capital Dispatch AdWatch on 2024 Presidential hopefuls Jun 12, 2023

Tim Walz: Bipartisan compromise $48B budget to address 2017 crises

[After the 2018 election] Walz and the DFL [faced] a housing affordability crisis that had produced the largest number of homeless people in Minnesota in nearly thirty years; the provider tax underpinning the state government's health care programs was set to expire, and underinvestment was rife. They would have to try solve all of this with a divided state legislature, the only one in the country, all while delivering a legally mandated balanced budget.

Walz secured a two-year, $48 billion budget deal precisely how he said he would: by getting everyone to compromise. Walz gave up on the ten-cent-a-gallon gas tax hike he had campaigned on to pay for transportation improvements, which Republicans had bitterly opposed. Meanwhile, Republicans agreed to keep in place (albeit at a slightly lower rate) what they derided as the "sick tax"--a levy on health care providers that funded the state's Medicaid program and MinnesotaCare, its health insurance program for the working poor.

Source: Jacobin magazine on 2024 Vice Presidential hopefuls Aug 6, 2024

Kamala Harris: Lower cost plan: housing; groceries; medical; and taxes

It is easy enough to understand what is motivating Kamala Harris's economic strategy: Poll after poll demonstrates that many Americans consider the cost of living to be their main concern heading into the election in November, during a time when inflation soared to a four-decade high. Rather than gloss over this ugly reality, she is trying to confront it. "Lower costs for American families" is the centrepiece of her economic agenda.

But just because her strategy is understandable does not make it sensible. Her prescriptions risk taking America further down the road of self-defeating economic policies. Ms Harris's cost-of-living plan may open a new phase in the worrying odyssey. She takes aim at four categories of costs: housing; groceries; medical; and taxes. Although some of her ideas are good and helpful, many more would end up weighing on growth and driving up prices--the exact opposite of their intended effect.

Source: The Economist on 2024 Presidential hopefuls Aug 21, 2024

Kamala Harris: FactCheck: no evidence for pandemic price-gouging

Ms Harris wants to pass the first-ever federal ban on price gouging on food and groceries. This may not herald a return to the price controls witnessed under President Richard Nixon in the 1970s, but the intellectual underpinning for such a policy is nonetheless half-baked. A common charge of the left-wing is that companies fuelled inflation during the covid-19 pandemic by taking advantage of shortages to jack up prices--but there was no evidence of higher mark-ups at the aggregate level.

Although Ms Harris's promise to crack down on unfair mergers and acquisitions in the food industry that lead to less competition and higher prices is unobjectionable, in reality it is little more than a restatement of America's existing anti-monopoly policy. The Federal Trade Commission is, for instance, currently embroiled in a legal battle to block the biggest supermarket merger in American history.

Source: The Economist on 2024 Presidential hopefuls Aug 21, 2024

Donald Trump: Federal Reserve chair flips a coin on interest rates

Q: The Federal Reserve. You say you don't want interest rates to go higher?

TRUMP: It depends on the jobs. Look, I think it's the greatest job in government. You show up to the office once a month and you say, "let's see, flip a coin." And everybody talks about you like you're a god. "Oh, what will he do?" I mean, before, the guy used to walk into my office. He was like begging.

Q: You talked about removing him once.

TRUMP: I did because he was keeping the rates too high. And I was right.

Source: Chicago Economic Club transcript: 2024 Presidential hopefuls Oct 16, 2024

  • The above quotations are from Interviews and analysis of presidential hopefuls for 2024.
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2024 Presidential contenders on Budget & Economy:
  Candidates for President & Vice-President:
V.P.Kamala Harris (D-CA)
Robert F. Kennedy Jr.(I-CA)
Chase Oliver(L-GA)
Dr.Jill Stein(D-MA)
Former Pres.Donald Trump(R-FL)
Sen.J.D.Vance(R-OH)
Gov.Tim Walz(D-MN)
Dr.Cornel West(I-NJ)

2024 presidential primary contenders:
Pres.Joe_Biden(D-DE)
N.D.Gov.Doug Burgum(R)
N.J.Gov.Chris_Christie(R)
Fla.Gov.Ron_DeSantis(R)
S.C.Gov.Nikki_Haley(R)
Ark.Gov.Asa_Hutchinson(R)
Former V.P.Mike Pence(R-IN)
U.S.Rep.Dean_Phillips(D-MN)
Vivek_Ramaswamy(R-OH)
S.C.Sen.Tim_Scott(R)
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Page last updated: Nov 03, 2024