Listen Live
Donate
 on air
Schedule

KCRW

Read & Explore

  • News
  • Entertainment
  • Food
  • Culture
  • Events

Listen

  • Live Radio
  • Music
  • Podcasts
  • Full Schedule

Information

  • About
  • Careers
  • Help / FAQ
  • Newsletters
  • Contact

Support

  • Become a Member
  • Become a VIP
  • Ways to Give
  • Shop
  • Member Perks

Become a Member

Donate to KCRW to support this cultural hub for music discovery, in-depth journalism, community storytelling, and free events. You'll become a KCRW Member and get a year of exclusive benefits.

DonateGive Monthly

Copyright 2025 KCRW. All rights reserved.

Report a Bug|Privacy Policy|Terms of Service|
Cookie Policy
|FCC Public Files

Back to To the Point

To the Point

The president and the economy: winners and losers

As the stock market hits the highest level it's ever been, President Trump is celebrating what's often used as a measure of the US economy. But the devil is always in the details.  Stocks are rising partly due to corporations buying back their shares at record low interest rates -- instead of creating new jobs or increasing wages.

  • rss
  • Share
By Warren Olney • Aug 2, 2017 • 1 min read

As the stock market hits the highest level it's ever been, President Trump is celebrating what's often used as a measure of the US economy. But the devil is always in the details. Stocks are rising partly due to corporations buying back their shares at record low interest rates -- instead of creating new jobs or increasing wages. Ten percent of Americans are in on the good news. Ninety percent are being left behind. The president has promised help for those "forgotten Americans" — so, why tax cuts for corporations and shareholders?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Devan Schwartz

    Producer

  • KCRW placeholder

    Sáša Woodruff

    Producer, 'To the Point'

  • KCRW placeholder

    Gretchen Morgenson

    New York Times

  • KCRW placeholder

    Kenneth Rogoff

    Harvard University

  • KCRW placeholder

    Nomi Prins

    Demos

    NewsNationalPolitics
Back to To the Point