Posted on 09/14/2016 2:30:41 PM PDT by Sir Napsalot
Nobel Prize-winning economist Joseph Stiglitz says a Donald Trump presidency would be a "nightmare", but that it is unlikely to happen. He also speaks about the reasons Trump has so much support: "If you look at the numbers, roughly the bottom 90% have had stagnant income over the past quarter of a century. and we've been trying to understand why has that been. And it is, I think partly because we haven't paid attention to the issue."
"Fortunately, I'm not having too many sleepless nights, because I think the probability of [a Trump presidency] happening is not very large," he said. "I think it would be extraordinarily difficult with our relations with other countries -- our economic relations and our foreign policy relationships. Building that wall between Mexico and the U.S. is building a wall between the U.S and Latin America. It has done more damage already than one could imagine. For our economy, I think the uncertainty of this political leader who clearly has no deep understanding of economics other than how to go bankrupt. And we could only hope he won't bankrupt the country."
(Excerpt) Read more at realclearpolitics.com ...
I don’t know Stigpitz...but I know Art Laffer of the Laffer curve with Ronald Reagan and Moore from Fox business and a few others who say it will be great so sparky how bout I go with them..you are obviously part of the elite that thinks I am a deplorable so take your elitist attitude out to the Hamptons and stick it...
He could bankrupt the country?!?!?!?!?! I don’t know whether to laugh or cry when I read this BS. The country already is well along the road to debt Hell. Its been going in that direction since 1932 and Obama gave it a big shove over the past 8 years. But our RINO Republicans have pushed it along the way too, including Lyndon Baines Bush.
At least it won’t go further into moral bankruptcy as well, like it would with Hillary.
Uhhh, I thought we were already broke and doubled being broke under Obama.
Noble-Prize Winner???? And he is not smart enough to know that it is CONGRESS that authorizes all money spent, well, except for the extra money that king obola chooses to spend above that. Only CONGRESS can be held responsible for spending excess. Why does this maroon think we hate Ryno and Turtle so much - it is because they have failed to do their job and let obola do it for them.
The Kenyanesian Usurper has already bankrupted us doubling our national debt.
WAY past the point of bankruptcy. We are looking for someone to take over and handle the receivership and restructuring.
Keynesians fear embarrassment at their religion being mocked by reality and history. Who will employ them? Where shall they purvey their snake oil? How can the manipulate policy-mavens to benefit their purses?
Darn them to heck!
You 90%, you serfs, pipe down.
You 90%, you serfs, pipe down.
25 years of stagnant growth... Meaning, it started around the early 1990s. Right around the time NAFTA was signed.
Wall cutting us off from Latin America - where most of the entry-level manufacturing jobs are heading, because of NAFTA.
And the bottom 90% have had stagnant wages.
I’m sure a Nobel prize-winning economist can see that there’s probably a connection!
Who believes a Nobel-Prize-winning economist?
Hussein and Bush have bankrupted the country.That is a done deed.
Economics has been called “the Dismal Science!” Except I find it lacking a lot in the terms of ‘science’. Still this guy certainly appears to have a dismal sense of comparison between what we have been putting up with and the choices to succeed!
Was it Richard M. Nixon who said, “We are all Keynesians now”, c. 1972?
‘You 90%, you serfs, pipe down.’
Negative. We have a champion who shall kick testes. But his election is but a beginning of the battle. Courage!
roughly the bottom 90% have had stagnant income over the past quarter of a century. and we’ve been trying to understand why has that been. And it is, I think partly because we haven’t paid attention to the issue.”
LIES,LIES, and MORE LIES
The root of the Problem is CREDIT MONEY.
When ALL Money is Loaned in to Society with Interest Attached, the Only way to keep the Game Going is to Continually Create More Debt and Constantly DEVALUE each unit of monetary measurement,until the Whole System Collapses due to MATHEMATICS
20 trillion is the tip of the iceberg.
Total Fed Gov debt and unfunded liabilities is 127 TRILLION.
This moron must have missed Obama running up the debt to
20 Trillion!!!!!!
I swear these morons live in an alternate dimension!
Is John Semmens out of control again?!
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