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Joseph Stiglitz: Trump Presidency Would Be A "Nightmare" -- He Could "Bankrupt the Country"
RCP Video ^ | 9-14-2016 | Tim Hains

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 ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS:
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Emphasis mine, be sure to read the whole transcript at source.

Nobel Prize-winning and the guy has no problem with the current Deficit-in-Chief.

1 posted on 09/14/2016 2:30:41 PM PDT by Sir Napsalot
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To: Sir Napsalot

bankrupt the country? He’d have to go some to beat obama.


2 posted on 09/14/2016 2:31:57 PM PDT by uncitizen (Americanism NOT Globalism! - Trump)
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To: Sir Napsalot

EEXXCCUUSSEE MEEEEE! We are 20 trillion in debt and this guy is worried that Trump will bankrupt the country???? Has he been living under a rock or what??


3 posted on 09/14/2016 2:32:20 PM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
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To: Sir Napsalot

Hey Stiglitz! We’re already bankrupt!

They’re giving Nobel Prizes to rank idiots.


4 posted on 09/14/2016 2:33:32 PM PDT by sauropod (Beware the fury of a patient man. I've lost my patience!)
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To: originalbuckeye

The Liberal moron hatched under a rock and crawled out like all Liberals.


5 posted on 09/14/2016 2:33:43 PM PDT by ExTexasRedhead
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To: Sir Napsalot

The guy is just a partisan hack that uses his goofy medal from a failing nation to give his trollish comment some faux sheen of having “merit”.


6 posted on 09/14/2016 2:33:45 PM PDT by VanDeKoik
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To: Sir Napsalot
Joseph Stiglitz: Trump Presidency Would Be A "Nightmare" -- He Could "Bankrupt the Country"

$20 TRILLION DEBT isn't already "bankrupt"?

7 posted on 09/14/2016 2:34:21 PM PDT by The Sons of Liberty (When satan's sister calls you "DEPLORABLE", you know you're on the right path!)
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To: Sir Napsalot

This dope and Krugman both get Nobel prizes for economics. Seems the committee might have some biases, hmmm?


8 posted on 09/14/2016 2:35:26 PM PDT by pepsi_junkie (ui)
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To: Sir Napsalot

Wow. That would be awful to bankrupt the country. Actually, if the country goes into bankruptcy, can it write off the $20 trillion and start over? It may be a good idea to officially declare bankruptcy.


9 posted on 09/14/2016 2:36:25 PM PDT by JudyinCanada
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To: Sir Napsalot
Nobel Prize-winning ...............read that far and stopped. Nobel prize is a joke.
10 posted on 09/14/2016 2:36:40 PM PDT by ColdOne (poochie... Tasha 2000~3/14/11~ Hillary Clinton......unfit to serve, shovel ready)
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To: originalbuckeye

You guys both beat me to it. No one can beat Obama in wrecking a country on every level as he has. Debt is only one small component of the destruction he has wreaked against this country. Some paid liberal idiot who would rather have another socialist running the country has to open his mouth and say something so stupid you wonder which reality he’s living in.


11 posted on 09/14/2016 2:36:54 PM PDT by jsanders2001
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To: Sir Napsalot

I thought Brexit was gonna be horrible also.


12 posted on 09/14/2016 2:37:32 PM PDT by Dryman (Define Natural Born Citizen)
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To: Sir Napsalot

Ah, Joseph Stiglitz, what would be your take on Baraq Insane’s financial policies????


13 posted on 09/14/2016 2:37:51 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: VanDeKoik

I absolutely knew that the Nobel prizes were political when 1. Jimmy Carter received the 2002 Peace Prize for brokering the nuclear non-proliferation treaty with N Korea....and 2 weeks later N Korea announced their nuclear capabilities and 2. When Al Gore received the Peace Prize over Irena Sendler. They are only political hacks in support of the Global One World. Nothing more.


14 posted on 09/14/2016 2:37:55 PM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
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To: Sir Napsalot
Nobel Prize's mean nothing. Obama has one. And this guy's an idiot.
15 posted on 09/14/2016 2:38:08 PM PDT by Vision (Best Radio Station Ever: www.MartiniInTheMorning.com)
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To: Sir Napsalot

BWAHAHAHA

Now that’s just plain funny


16 posted on 09/14/2016 2:38:23 PM PDT by Nifster (Ignore all polls. Get Out The Vote)
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To: Sir Napsalot
Look at the list of Nobel Prize winners.

His opinion is WORTHLESS!

17 posted on 09/14/2016 2:38:55 PM PDT by Cowboy Bob
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To: Sir Napsalot

Stiglitz is a moron - and IQ deficient poltroon.

An idiot through and through...and when he opens his mouth, he proves it.


18 posted on 09/14/2016 2:39:27 PM PDT by Scott from the Left Coast (I'm deplorable)
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To: Sir Napsalot

And he says all this with no sense of irony. He talks like a high school student, and not one that’s all that bright.


19 posted on 09/14/2016 2:39:34 PM PDT by Chaguito
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To: Vision

Even more so - today a Nobel Prize is pretty much a guarantee that you are both an idiot and a fool.


20 posted on 09/14/2016 2:40:24 PM PDT by Scott from the Left Coast (I'm deplorable)
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