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The think tank Third Way recently released what it calls a "new economic bargain" with the middle class. It's premised on the idea that "if you bust your butt, you should get ahead," says Executive Vice President for Policy Jim Kessler.
The organization proposes a slate of 20 practical ideas it says will significantly improve the lives of middle-class Americans. Among these proposals: cheaper used car loans and a universal pension.
Host: Anne Kim, Washington Monthly
Guest: Jim Kessler, Third Way
Chapters
00:00 Introduction to the agenda and its importance
01:59 The changing perception of the middle class
04:04 Historical context and the evolution of middle class policies
06:09 Core message: work should lead to getting ahead
08:01 Proposal for federal guarantees on used car loans
10:01 Work as a pathway to wealth and retirement security
12:00 Party branding and electoral challenges
13:58 Comparison with other policy proposals and think tanks
16:09 Feasibility of big reforms like Medicare for All
18:56 Addressing criticisms of incrementalism
21:04 The impact of proposed policies on wealth and inequality
23:05 Shared priorities across different political agendas
23:58 Optimism for Democratic electoral prospects in 2028
