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🗓️ 26 October 2021
⏱️ 24 minutes
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0:00.0 | From New York Times, I'm Michael Babaro. This is Adali. |
0:12.0 | Today, when Democrats first set out to expand the social safety net, |
0:17.0 | they envisioned a piece of legislation as transformational as what the party had achieved in the 1960s |
0:25.0 | and hoped that in the process they'd win back the working-class voters the party had since lost. |
0:33.0 | But now that they're on the brink of reaching a deal, |
0:37.0 | the question is whether the enormous cuts and compromises they've made |
0:43.0 | will make it impossible to accomplish either. |
0:47.0 | I spoke to my colleague, Congressional reporter Jonathan Weissman. |
0:56.0 | It's Tuesday, October 26th. |
1:05.0 | Jonathan, as this bill was originally conceived, |
1:08.0 | it was a $6 trillion act of social spending that would have been the most significant expansion |
1:14.0 | of the country's social safety net since President Lyndon Johnson's great society in the 1960s. |
1:20.0 | And I know that you're a student of American history. |
1:23.0 | So, remind us of the context in which that monumental act of spending occurred and what it was all about. |
1:32.0 | Well, some of the context actually might sound familiar. |
1:35.0 | Then, as now, tax cuts had just been passed that largely accrued to the benefit of the rich |
1:43.0 | and the economy was growing really well writ large. |
1:48.0 | In fact, when Lyndon Johnson took over the presidency, |
1:52.0 | the US economy had just grown by 10%. |
1:55.0 | That is a huge burst of growth. |
1:58.0 | And right now, we're also seeing an economy in recovery. |
2:02.0 | And then, as now, what the president was seeing was a society growing more and more unequal. |
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