The $2T Podcast

Welcome dear podcast addicts to the Harvard Lunch Club Political Podcast for May 1, 2019 – Workers of the World Unite! You have nothing to lose but your CHAINS!!!). This is the $2T Podcast edition of the podcast (from the department of redundancy department). We are your hosts, radio guy Todd Feinburg and AI guy Mike Stopa.

This week, Chuck and Nancy are giddy that they went to the White House, asked for, basically, the store, and DJT (or so they claim) *gave* it to them to the tune of 2 trillion (with a “t”) for our crumbling roads and bridges. (and what else, pray? …or should I say “prey”?).

Then, Joe Biden decides to start his presidential campaign by calling Trump a racist. This is new? We explore the White supremacist = antifa equivalency. What did Trump really say? Why does the media get away with a perpetual lie? (why is the sky blue?).

Our shower thoughts, yea! And our hidden gem for the week, from the British Inavsion era, the Hollies: Look Through Any Window. Enjoy!

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  1. OccupantCDN Coolidge

    Verbal Spaghetti! Great turn of phrase, love it. My grade 6 science teacher used to accuse some of his students of verbal diarrhea – a phrase I delighted in using for years.

    I think it would have been more interesting to have a longer discussion of the new $2T stimulus bill and a much shorter discussion of the Trump racism debate. I actually would have been quite content to drop the later altogether, as most ricocheti, have already been well informed and have made up their minds on that issue, but may not have heard all of the details (if they exist) on the stimulus bill.

    The real problems with the first stimulus bill – is that it wasnt a stimulus bill. It was a payoff to the president’s supporters. Huge grants and low interest loans went to companies and foundations of campaign donors, public sector unions got job protections when cities where given grants to keep them afloat as their tax bases contracted. These actions are counter productive to economic growth. In fact, if you look at the ‘marginal utility of debt’ in the US economy (a stat tracked by the Federal Reserve) balancing the budget may turn out to be a net stimulus. As each new dollar of debt, is producing less than a dollar of economic activity – creating less debt should create more activity. Unless Keynes was completely wrong and debt and growth are correlated effects – but not causalities.

    I think the president’s best option is to setup a discretionary $35 – $50 Billion dollar fund for the Corps of Engineers, do some hurricane and flood mitigation, fix some damned dams and quietly build a wall.

    • #1
    • May 1, 2019, at 9:56 PM PDT
    • 2 likes
  2. Michael Stopa Contributor

    OccupantCDN (View Comment):

    Verbal Spaghetti! Great turn of phrase, love it. My grade 6 science teacher used to accuse some of his students of verbal diarrhea – a phrase I delighted in using for years.

    I think it would have been more interesting to have a longer discussion of the new $2T stimulus bill and a much shorter discussion of the Trump racism debate. I actually would have been quite content to drop the later altogether, as most ricocheti, have already been well informed and have made up their minds on that issue, but may not have heard all of the details (if they exist) on the stimulus bill.

    The real problems with the first stimulus bill – is that it wasnt a stimulus bill. It was a payoff to the president’s supporters. Huge grants and low interest loans went to companies and foundations of campaign donors, public sector unions got job protections when cities where given grants to keep them afloat as their tax bases contracted. These actions are counter productive to economic growth. In fact, if you look at the ‘marginal utility of debt’ in the US economy (a stat tracked by the Federal Reserve) balancing the budget may turn out to be a net stimulus. As each new dollar of debt, is producing less than a dollar of economic activity – creating less debt should create more activity. Unless Keynes was completely wrong and debt and growth are correlated effects – but not causalities.

    I think the president’s best option is to setup a discretionary $35 – $50 Billion dollar fund for the Corps of Engineers, do some hurricane and flood mitigation, fix some damned dams and quietly build a wall.

    I think that if anyone has any details on the coming stimulus they are keeping it quiet. There are some vague outline of plans that might have been served by a little more discussion.

    Thanks for the compliment on my locution, Occupant!

    • #2
    • May 2, 2019, at 10:14 AM PDT
    • Like
  3. Al Sparks Thatcher

    There was a lot of distortion when Mike Stopa speaks. There are some ways he can deal with this.

    Get a different mic that will deal with this, or don’t speak so loud into the mic he has.

    Yet another way to deal with this, is increase the mic distance from his mouth.

    If he wants to be successful at making himself sound better, he’ll have to be a little obsessive about it. He should listen to the podcast (and a lot of people don’t want to listen to themselves speak) and see the difference in audio quality between him and Todd Feinburg.

    I respectfully submit that it’s worth it.

    Mike can sound a little wishy-washy when he talks. It’s a bit eye rolling sometimes, and I notice how Todd lost his patience with him, which happens only occasionally. Modulating one’s voice can help when the content isn’t very pleasent. It’s true in face to face conversations, and it’s true in audio only formats.

    • #3
    • May 2, 2019, at 1:54 PM PDT
    • Like
  4. Todd Feinburg Contributor

    Thanks Al. Most podcasters make separate recordings and then combine them so each participant is studio quality. We stopped doing this for some reason a couple of years ago, not sure why. So Mike’s mic may not be the only issue.

    He does need to be interrupted more often. Any volunteers?

    • #4
    • May 5, 2019, at 5:22 AM PDT
    • 1 like