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Top economists spar over Trump as tighter race sinks US stocks - See more at: http://

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Top economists spar over Trump as tighter race sinks US stocks | New Hampshire

A group of 370 economists released a letter on Tuesday explaining why electing Republican presidential candidate Donald Trump would be a mistake, a statement that was quickly denounced by a top adviser as out of touch with the reality of job losses caused by “bad trade deals.” - See more at: Top economists spar over Trump as tighter race sinks US stocks | New Hampshire


Top economists think Donald Trump is bad news.

Donald Trump serves to benefit Donald Trump and any cost.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Top economists...

af3237e05db8012ee3bf00163e41dd5b.jpg

..:lol:
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

I'm not sure how I feel about this. Do these top economists think he's bad news because of his policies? Or because the status quo would be shaken to its core?

More of the second one, but it's because Trump's not shilling for the corporations like Hillary is.

But even so, that doesn't make him any better of a candidate than her.
 
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Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Top 'globalists' think Donald Trump is bad news.
Fixed it.
Yup. It's comical.

Banks terrified that the Clinton promised corporate welfare might not be coming through!
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

i'm not sure how i feel about this. Do these top economists think he's bad news because of his policies? Or because the status quo would be shaken to its core?

bingo!
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

I'm not sure how I feel about this. Do these top economists think he's bad news because of his policies? Or because the status quo would be shaken to its core?

Near term, it doesn't matter.

But it's a valid question, though I strongly suspect the answer is his perceived lacking in competence in terms of the economy, and in his erratic demeanor and psyche.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

I'm not sure how I feel about this. Do these top economists think he's bad news because of his policies? Or because the status quo would be shaken to its core?

You be the judge. Here is the letter


We, the undersigned economists, represent a broad variety of areas of expertise and are united in
our opposition to Donald Trump. We recommend that voters choose a different candidate on the
following grounds:

He degrades trust in vital public institutions that collect and disseminate information
about the economy, such as the Bureau of Labor Statistics, by spreading disinformation
about the integrity of their work.
 He has misled voters in states like Ohio and Michigan by asserting that the renegotiation
of NAFTA or the imposition of tariffs on China would substantially increase employment
in manufacturing. In fact, manufacturing’s share of employment has been declining since
the 1970s and is mostly related to automation, not trade.
 He claims to champion former manufacturing workers, but has no plan to assist their
transition to well-compensated service sector positions. Instead, he has diverted the
policy discussion to options that ignore both the reality of technological progress and the
benefits of international trade.
 He has misled the public by asserting that U.S. manufacturing has declined. The location
and product composition of manufacturing has changed, but the level of output has more
than doubled in the U.S. since the 1980s.
 He has falsely suggested that trade is zero-sum and that the “toughness” of negotiators
primarily drives trade deficits.
 He has misled the public with false statements about trade agreements eroding national
income and wealth. Although the gains have not been equally distributed—and this is an
important discussion in itself—both mean income and mean wealth
have risen substantially in the U.S. since the 1980s.
 He has lowered the seriousness of the national dialogue by suggesting that the
elimination of the Environmental Protection Agency or the Department of Education
would significantly reduce the fiscal deficit. A credible solution will require an increase
in tax revenue and/or a reduction in spending on Social Security, Medicare, Medicaid, or
Defense.
 He claims he will eliminate the fiscal deficit, but has proposed a plan that would decrease
tax revenue by $2.6 to $5.9 trillion over the next decade according to the non-partisan
Tax Foundation.
 He claims that he will reduce the trade deficit, but has proposed a reduction in public
saving that is likely to increase it.
 He uses immigration as a red herring to mislead voters about issues of economic
importance, such as the stagnation of wages for households with low levels of education.
Several forces are responsible for this, but immigration appears to play only a modest
role. Focusing the dialogue on this channel, rather than more substantive channels, such
as automation, diverts the public debate to unproductive policy options.
 He has misled the electorate by asserting that the U.S. is one of the most heavily taxed
countries. While the U.S. has a high top statutory corporate tax rate, the average effective
rate is much lower, and taxes on income and consumption are relatively low. Overall, the
U.S. has one of the lowest ratios of tax revenue to GDP in the OECD.
 His statements reveal a deep ignorance of economics and an inability to listen to credible
experts. He repeats fake and misleading economic statistics, and pushes fallacies about
the VAT and trade competitiveness.
 He promotes magical thinking and conspiracy theories over sober assessments of feasible
economic policy options.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

You be the judge. Here is the letter

Aren't these the same "top economists" that created a "system that is rigged and doesn't work for everyone"?

Geez... the Democrats need to settle on a group of villains for their narrative, this is worse than ONCE UPON A TIME.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Aren't these the same "top economists" that created a "system that is rigged and doesn't work for everyone"?

Geez... the Democrats need to settle on a group of villains for their narrative, this is worse than ONCE UPON A TIME.

Here is the list. You tell me which ones rigged the system.

Hell, Trump helped keep the system rigged!!!!He greased the wheels.

http://online.wsj.com/public/resources/documents/EconomistLetter11012016.pdf
 
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Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

You be the judge. Here is the letter

Thank you for this. Why aren't they endorsing anyone?

There are a number of points that I disagree with. One of them is what I consider our inability to trust statistics...that they are purposefully misleading.

I also don't agree that his thoughts about immigration are a red herring. Why don't our leaders understand that the American people want our southern border controlled? Our immigration laws enforced? Why is this so damned hard for our leaders to "get"? Many of us, myself included obviously, believe there is an endgame of which we are not aware that is absolutely NOT in the best interests of our country.

And while it may be true that our manufacturing has not declined, those jobs that can be automated have most certainly BEEN automated. And those that can't be have most certainly left the United States in droves. There are many of us that believe, however wrongly or rightly, that corporations that move jobs out of the USA should pay a price when their goods come into this country that helps level the playing field instead of making corporate stockholders millionaires.

Rightly or wrongly, again, that's the way millions of people think. We are not idiots. Government's job is to help us understand the why's and wherefores of what's going on...not just to say, "The little people don't understand, and we have to do what's in their best interest."

Thanks again for the info.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Yup. It's comical.

Banks terrified that the Clinton promised corporate welfare might not be coming through!

Actually, the last huge dose of corporate welfare given to the banksters happened under George Bush, right before he left office.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Thank you for this. Why aren't they endorsing anyone?

Clearly their point was to warn of the economic fallacies Trump is promoting,which is their area of expertise, and to not overtly engage in politics.

There are a number of points that I disagree with. One of them is what I consider our inability to trust statistics...that they are purposefully misleading.

Statistics are what they are, and their scientific basis can be examined if desired. It's true politicians can cherry pick what they like, but the figures are still there for all to see in a free society.

I also don't agree that his thoughts about immigration are a red herring. Why don't our leaders understand that the American people want our southern border controlled? Our immigration laws enforced? Why is this so damned hard for our leaders to "get"? Many of us, myself included obviously, believe there is an endgame of which we are not aware that is absolutely NOT in the best interests of our country.

Again, they are commenting on their area of expertise, in this case the economic impact of immigration, and not on law enforcement, which is something else again.

And while it may be true that our manufacturing has not declined, those jobs that can be automated have most certainly BEEN automated. And those that can't be have most certainly left the United States in droves. There are many of us that believe, however wrongly or rightly, that corporations that move jobs out of the USA should pay a price when their goods come into this country that helps level the playing field instead of making corporate stockholders millionaires.

The jobs that have left the US have gone because they can be done cheaper in low income countries, or done cheaper by automation. As incomes rise in the third world, some of that industry is returning to whence it came, because it has become more efficient to do it here by automated systems. Short of walling off America from the world, and severing most trade relationships, the type of jobs Trump has promised will never, ever, return to the US, or any other advanced economy. The value of US manufacturing output has actually grown quite a bit, which is a good thing, but the real problem is that all gains have gone to the very top, which has left the former middle class in dire straights. That is the real issue, not returning nonviable and unworkable 1950s style factory jobs.

Rightly or wrongly, again, that's the way millions of people think. We are not idiots. Government's job is to help us understand the why's and wherefores of what's going on...not just to say, "The little people don't understand, and we have to do what's in their best interest."

Thanks again for the info.

I can understand the angst of middle aged former auto workers now working at Wal Mart of some such, but the thing is, a vote for Trump is not going to change that situation. Putting a demagogue and ignoramus in the White House will only mean four years of crashing stock markets, capital flight, unemployment, soaring deficits, and various other economic dislocations, and probably conflict with other nations, economic or even military.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Actually, the last huge dose of corporate welfare given to the banksters happened under George Bush, right before he left office.

Thats not true.

The FED bailed out the Banks through their QE initiatve when they agreed to unload over a Trillion dollars worth of agency MBSs off the balance sheets of the Banks.

The narrative was that these purchases would add liquidity and promote lending but that was obvious bull. The availability of massive piles of new cash has zero impact of consumer credit demand and no impact on a Banks decision to offer up loans at a near zero interest rate.

Those GSE MBSs were backed by assets in default, toxic remnants of the Subprime crisis and now, the FED owns them.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Clearly their point was to warn of the economic fallacies Trump is promoting,which is their area of expertise, and to not overtly engage in politics.



Statistics are what they are, and their scientific basis can be examined if desired. It's true politicians can cherry pick what they like, but the figures are still there for all to see in a free society.



Again, they are commenting on their area of expertise, in this case the economic impact of immigration, and not on law enforcement, which is something else again.



The jobs that have left the US have gone because they can be done cheaper in low income countries, or done cheaper by automation. As incomes rise in the third world, some of that industry is returning to whence it came, because it has become more efficient to do it here by automated systems. Short of walling off America from the world, and severing most trade relationships, the type of jobs Trump has promised will never, ever, return to the US, or any other advanced economy. The value of US manufacturing output has actually grown quite a bit, which is a good thing, but the real problem is that all gains have gone to the very top, which has left the former middle class in dire straights. That is the real issue, not returning nonviable and unworkable 1950s style factory jobs.



I can understand the angst of middle aged former auto workers now working at Wal Mart of some such, but the thing is, a vote for Trump is not going to change that situation. Putting a demagogue and ignoramus in the White House will only mean four years of crashing stock markets, capital flight, unemployment, soaring deficits, and various other economic dislocations, and probably conflict with other nations, economic or even military.

Trump just has to surround himself with good people. Economic advisors who understand what grows and drives market driven economies instead of ideologues who apply neo-keynesian " solutions " that are really just chroney capitalist ventures.

Like Obama's " stimulus " or his Green jobs jobs initaives. Obama's decided to raise taxes, sign a disastrous Healthcare law thats hit the Middle Class the hardest and to spend the next 6 years pushing out propaganda.

I doubt Trump could do much worse.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Thats not true.

The FED bailed out the Banks through their QE initiatve when they agreed to unload over a Trillion dollars worth of agency MBSs off the balance sheets of the Banks.

The narrative was that these purchases would add liquidity and promote lending but that was obvious bull. The availability of massive piles of new cash has zero impact of consumer credit demand and no impact on a Banks decision to offer up loans at a near zero interest rate.

Those GSE MBSs were backed by assets in default, toxic remnants of the Subprime crisis and now, the FED owns them.

Yes it is. Why would you keep repeating lies like that, when all one has to do is google it, and come up with...........

Bush signs financial bailout bill - Business - Stocks & economy - Economy at a Crossroads | NBC News
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Trump just has to surround himself with good people. Economic advisors who understand what grows and drives market driven economies instead of ideologues who apply neo-keynesian " solutions " that are really just chroney capitalist ventures.

Like Obama's " stimulus " or his Green jobs jobs initaives. Obama's decided to raise taxes, sign a disastrous Healthcare law thats hit the Middle Class the hardest and to spend the next 6 years pushing out propaganda.

I doubt Trump could do much worse.

Here's a guy that has run the most disastrous campaign in modern history, because he cannot take advice, but he would do it after the ego boosting winning of the presidency? You have to be joking. His whole life has been a story of dysfunction fueled by a massive ego, immaturity, and power struggles.

The saddest part of this is a Trump win would mark a steep decline in US influence in the world. If democracy in the US was shown to be as unstable as to produce a Donald at the helm, you can bet the rest of the world will be making their own provisions, including realigning trade deals, and rearmament. Who is going to bet their chips on a nation with a clown in charge? Bush the first was bad enough, but I think most folks realized he wasn't really on top of things. Trump would be the last nail in the coffin.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Here's a guy that has run the most disastrous campaign in modern history, because he cannot take advice, but he would do it after the ego boosting winning of the presidency? You have to be joking. His whole life has been a story of dysfunction fueled by a massive ego, immaturity, and power struggles.

The saddest part of this is a Trump win would mark a steep decline in US influence in the world. If democracy in the US was shown to be as unstable as to produce a Donald at the helm, you can bet the rest of the world will be making their own provisions, including realigning trade deals, and rearmament. Who is going to bet their chips on a nation with a clown in charge? Bush the first was bad enough, but I think most folks realized he wasn't really on top of things. Trump would be the last nail in the coffin.

Most disastrous ? Lol !
https://www.washingtonpost.com/world/national-security/senior-fbi-officials-were-told-of-new-emails-in-early-october-but-wanted-more-information-before-renewing-clinton-probe/2016/11/02/7884dede-a134-11e6-8832-23a007c77bb4_story.html
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Top economists spar over Trump as tighter race sinks US stocks | New Hampshire

Top economists think Donald Trump is bad news.

Donald Trump serves to benefit Donald Trump and any cost.

As was stated, replace economists with globalists. What's good for certain parts of the economy is not good for everyone in that economy. For the average worker, things have gone consistently down hill but boy do those CEO and corporate profits look great.
 
Re: Top economists spar over Trump as tighter race sinks US stocks - See more at: htt

Aren't these the same "top economists" that created a "system that is rigged and doesn't work for everyone"?

Geez... the Democrats need to settle on a group of villains for their narrative, this is worse than ONCE UPON A TIME.

Yeah, first Comey was great and now he's the devil and now these economists were the devil and now they are great.
 
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