Derek Thompson
speaker
34 appearances
2 recordings
1 series
first heard Apr 2025
last heard May 2025
Derek Thompson’s voice in public audio — every appearance, attributed to the second.
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Appearances
If you want affordable housing, you need a job.
If you crash the economy, you're going to have unemployment.
And whenever unemployment hits an economy, as we just saw in 2008 and we saw before in the 1990s, who loses their jobs first?
It's last one in, first one out.
It's young people.
So if your job or if your plan is to crash the economy in the short term for the purpose of helping young people afford a house, you have got it totally backward.
Young people need jobs.
They need money.
And then they need a plan to make housing affordable.
Right.
Donald Trump could have come into office and said, what I want to do is to make the construction of housing affordable.
That means the inputs to housing.
Instead, he slaps a 25% tariff on Canada, which we import our lumber from, and a 25% tariff on Mexico that we get drywall gypsum from, thus immediately raising two of the most important inputs for housing by 25%.
And one of them is, are you seeing or hearing anything that I am not seeing or hearing or that you think I'm not?
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