Posted on 06/27/2024 8:44:22 PM PDT by SeekAndFind
The economy is a major issue in the presidential campaign. It is the top issue for most voters.
Joe Biden is underwater when it comes to polling on the economy. A majority of voters think that former President Trump handled the economy better than Biden is doing. One simple question should be asked of voters - are you better off today than four years ago? The answer is overwhelmingly no.
So, taking a page from the 2020 election playbook, Team Biden released a letter on Tuesday - two days before the first presidential debate - that is signed by '16 Nobel Prize-winning economists.' Shades of 51 members of the intelligence community signing a letter about Hunter Biden's laptop from hell being Russian disinformation, anyone? Yeah.
Not only will democracy die if Trump is elected, but so will the U.S. and world economies. Imagine that. Democrats are nothing if not predictable. Biden's economic agenda, according to these experts, is "vastly superior" to Trump's during his time in office.
The economists say Trump's economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by U.S. consumers.
"While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump," the economists state in their letter.
"We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy."
Trump's economic plans will fuel inflation, they say. Really? This is where Trump's record as president comes into play. He left office with only 1.4% inflation. That was a gift to Joe Biden which he quickly blew up. It was Biden's economic policies that led to skyrocketing inflation, inflation at a historic high. It went up to 9% on Biden's watch. Who do these clowns think they are kidding?
American consumers know about inflation because they are paying 20-30% more for most items they purchase. Some items cost even more. Basic grocery costs alone bring home Biden's bad policies that cause inflation. Biden amped up federal spending to an unsustainable level and we are all still paying for that.
Axios first published the letter but it left out some important facts. Shocker, I know. Many of those who signed the letter are either Biden donors or supported him politically in the past. One is Janet Yellen's husband. Yellen is Biden's treasury secretary. No conflict there, right?
The message was spearheaded by Joseph Stiglitz, who won the Nobel Prize for economics in 2001.
- He was joined by George A. Akerlof (2001), Sir Angus Deaton (2015), Claudia Goldin (2023), Sir Oliver Hart (2016), Eric S. Maskin (2007), Daniel L. McFadden (2000), Paul R. Milgrom (2020), Roger B. Myerson (2007), Edmund S. Phelps (2006), Paul M. Romer (2018), Alvin E. Roth (2012), William F. Sharpe (1990), Robert J. Shiller (2013), Christopher A. Sims (2011), and Robert B. Wilson (2020).
George Akerlof is Yellen's husband.
Some fact-checking brought some eyebrow-raising results.
A Fox News Digital review of the letter’s Nobel Prize-winning signatories shows political donations to President Biden's 2020 and 2024 campaigns. The signatories also donated tens of thousands of dollars to other Democrat candidates and signed previous letters supporting Biden's agenda, including attacking "selfish and restless" Trump.
Economist Joseph Stiglitz, the Columbia University professor who reportedly spearheaded the letter, previously signed a letter supporting Biden’s Build Back Better agenda and donated $1,250 to the Biden Victory Fund in 2020.
Between 2004 and 2020, Stiglitz donated over $90,000 to Democrat candidates, FEC records show.
Yellen's husband has been very generous with his political donations, too.
Georgetown University Professor George A. Akerlof, who is married to Biden’s Treasury Secretary Janet Yellen, donated $25,000 to the Biden Victory Fund and maxed out as a donor in 2020, giving the campaign $5,600.
Akerlof, who donated nearly $90,000 to Democrats between the 1990s and 2022, also signed a letter supporting Build Back Better, and signed a letter in 2020 calling Trump’s re-election effort "selfish and reckless."
"Selfish and reckless", eh? Sounds personal to me.
I don't think that ordinary voters care much about what such a minuscule number of Nobel Prize-winning economists say about Trump. Why? Because they know Trump's record. Life was much better for everyone in Trump's America. Everyone was better off financially then. The economy was on fire in the pre-pandemic Trump years.
No one cares what 16 politically motivated Democrat economists think now.
The NoBell’s Sweet Sixteen. All boneheads.
I’m surprised they didn’t get Paul Krugman to join. Not that he has ever been right about anything . . . But there is a low bar to get a Nobel Prize in economics.
16 booger eaters
after obama, the nobel anything is meaningless
also, 16 is an even number
odd numbers represent organic, even numbers represent man-made
couldn’t even get that right
The Dems love them signatories. Like the ones who assured us that Hunter Biden’s laptop was Russian disinformation.
Everybody with half a brain knows that these “Nobel Prizes” are handed out, dime a dozen, to active party members on the left and the so-called “Progressives” (I call them regressives)to provide them an air of legitimacy and a powerful platform to spew their leftist bs. It’s all in the family, but now it’s exposed, and like everything leftists touch, they’ve mucked up this one too.
BTTT
It was brought to light that most were biden donors and one was the husband of treasury secretary yellan. Keeping all in the corruption family
Like Harry Truman, I’m still searching for a one-handed economist.
The Nobel was already on shaky ground with homobama’s “peace prize”. It is now thoroughly beclowned.
In their other jobs, the 16 economist are climate change non scientist supporters.
The Nobel doesn’t mean much after it was given to Obozo for doing nothing. It should be terminated.
In addition, with the tariffs program, everyone in the US would be paying to support our government and be far more interested in how the government spends money.
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