Joseph Stiglitz: Trump Presidency Would Be A "Nightmare" -- He Could "Bankrupt the Country"

RCP Video ^ | 9-14-2016 | Tim Hains

[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."

[Brilliant]

No. The guy who was Stiglitz’s boss Barack Obama did that with the $9+ trillion in debt he wrote. And of course it was Stiglitz who praised Venezuela’s the economy.

[orchestra]

Joseph Stiglitz has a Keynesian Kiniption.

[Pollster1]

Obama wasted more than $9T with nothing to show for it, and someone is worried that Trump might not be thrifty? I am not confident that he will spend as responsibly as I’d like, but I am certain he will be nowhere near as bad as the traitor currently occupying our White House.

[metmom]

Trump?

The self-made billionaire?

I think I’d trust that he has some idea of how to manage money.

[Albion Wilde]

"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."

This guy is a frikkin genius, I tell you.

[Freedom56v2]

Not sure when or why this guy got a Nobel Prize, but after seeing Barry get one a couple months into his presidency only to see him set the middle east on fire, I have no respect for the Nobel Prize or its RUMP-wipe recipients

[ConservaTeen]

Nobel Prize winner?? I think these people said Reagan would have done it, too.

Trump/Pence 2016