COULD TODAY'S CRISES HELP AMERICA REJECT CORPORATE PERSONHOOD?
The Hartmann Report
Thom Hartmann
4.4 • 1.2K Ratings
🗓️ 30 October 2022
⏱️ 58 minutes
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Summary
Economic crises represent social and political transition points, times of great difficulty but also times of great opportunity - We now stand at the edge of one those rare windows in time. Is the Fed Chair driving workers into poverty? Professor Richard Wolff joins Thom Hartmann to discuss how even owning a car, could become a luxury American workers can't afford. Author Larry Beinhart on his recently released novel, "The Deal Goes Down."
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Transcript
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| 0:28.1 | iHeartRadio |
| 0:42.6 | This is the Tom Hartman program. |
| 0:46.6 | Greetings my friends, patriots, lovers of democracy, truth and justice, believers in peace, |
| 0:52.1 | freedom in the American way. |
| 0:54.4 | New GDP numbers out, the economy is suddenly doing well. |
| 0:59.6 | It had shrunk the previous two quarters, the first and second quarter of this year, |
| 1:04.6 | but the, well, let's see, this is October. |
| 1:09.4 | Yeah, so this would be third quarter. |
| 1:11.6 | The economy grew 2.6% in the third quarter. |
| 1:14.8 | Sharpe turned around from the two, we had lost growth. |
| 1:19.5 | We'd had negative growth or the economy had been down for the two previous quarters, |
| 1:23.6 | which is why I had mentioned a couple of weeks ago that technically we were in a recession. |
| 1:28.6 | Turns out we're not. We're very much not. |
| 1:30.8 | The core personal consumption expenditures, this is the number that basically drives inflation, |
| 1:36.8 | is down to 4.5% in the third quarter, down from 5.6% in the first quarter and 4.7 in the second quarter. |
| 1:44.5 | So this direction of change is a big deal. |
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