Blanchflower: Will Trump's Rhetoric Meet Reality?

The transcript discusses the impact of recent political events, comparing them to Brexit and the UK election. It highlights the economic challenges, such as austerity and employment issues in the US, and the potential changes under a Republican-controlled government. The focus shifts to foreign policy implications under Trump's presidency, emphasizing the uncertainty in global markets. The discussion concludes with the question of whether Trump's rhetoric will match reality and the potential consequences if it doesn't.

What does the speaker suggest about the accuracy of political forecasts?

• They are always accurate.

• They are irrelevant to economic outcomes.

• They are improving over time.

• They have been consistently wrong.

What is the significance of having a Republican President, Senate, and House according to the speaker?

• It guarantees economic prosperity.

• It may lead to gridlock, which can be beneficial.

• It ensures bipartisan cooperation.

• It has no impact on fiscal policy.

How does the speaker view austerity measures?

• As a beneficial policy.

• As a necessary evil.

• As a minor inconvenience.

• As a significant mistake.

What is the speaker's perspective on the potential impact of Trump's foreign policy?

• It will have no effect on global markets.

• It could lead to significant global political uncertainty.

• It will strengthen NATO alliances.

• It will focus solely on economic issues.

What is the main concern if Trump's rhetoric does not match reality?

• People will lose trust in the media.

• It will lead to immediate economic collapse.

• There will be no impact on public sentiment.

• People who had high hopes may feel disappointed.