Hundreds of prominent economists just denounced Donald Trump in an open letter to vot

It seems that folks who actually study the economy for a living don't find Trumps' well, economic theories viable.

To the point where they have signed their names, in essence calling his claims baloney.

Indeed, it appears manufacturing losses in some states have nothing to do with NAFTA, as Trump claims.

His claims to eliminate the deficit are grossly ridiculous in comparison with his tax cutting proposals.

The list goes on, but I think that given Trump's bombastic, over the top nature and his propensity for simply fabricating nonsense, the response of these economists seem reasonable.

http://www.businessinsider.com/economists-denounce-trump-in-open-letter-2016-11


Nearly 400 economists have signed an open letter to voters denouncing Republican presidential nominee Donald Trump and telling voters to "choose a different candidate."

"Donald Trump is a dangerous, destructive choice for the country," the letter said. "He misinforms the electorate, degrades trust in public institutions with conspiracy theories, and promotes willful delusion over engagement with reality."

The economists did not specifically endorse Democratic nominee Hillary Clinton in the letter.

Among prominent economists who signed the letter were Oliver Hart, the Harvard University professor who won a Nobel Memorial Prize in Economic Sciences this year, and Paul Romer, the chief economist of the World Bank.

The economists — a mix of professors, Ph.D. candidates, and policymakers — said they opposed Trump's campaign based on the Republican nominee's history of promoting falsehoods and misleading the public.

Among the issues addressed in the letter were concerns by the economists that Trump:

"Misled voters in in states like Ohio and Michigan" by saying that renegotiating the NAFTA trade agreement would increase employment in manufacturing. The economists said manufacturing losses were due mostly to automation and not trade.
"Claims that he will eliminate the fiscal deficit" while proposing a plan that the Tax Foundation says would decrease tax revenue by $2.6 trillion to $5.9 trillion.
coal miners trump supporters
A group of coal miners with signs supporting Donald Trump before a May 5 rally in Charleston, West Virginia. Associated Press/Steve Helber

"Uses immigration as a red herring to mislead voters about issues of economic importance," including the stagnation of wages in households with lower education levels, which the economists say "diverts the public debate."
"Misled the public by asserting that U.S. manufacturing has declined," though the economists point out that the level of manufacturing output in the US has more than doubled since 1980.
"Has lowered the seriousness of the national dialogue" by proposing that the elimination of government departments such as the Environmental Protection Agency and the Department of Education would significantly reduce the fiscal deficit.
"If elected, he poses a unique danger to the functioning of democratic and economic institutions, and to the prosperity of the country," the economists wrote.

Nineteen Nobel laureates in economics, including Joseph Stiglitz and Daniel Kahneman, published a separate open letter on Monday endorsing Clinton for president.

More than 300 conservative economists from universities, think tanks, and business groups, however, published a letter in September denouncing Clinton's policie

 

Are these the same economists that have gotten us where we are?

 

The Wall Street globalist, multi national owned corporations and the foreign oligarchies have all denounced Trump, nothing new here.

 

Yup, I own a manufacturing company in Malaysia and have to import in so Trump's economic ideas will impact me VERY directly.

The thing is though, so will everyone else and I have told my board as much just in case. Basically the only bad thing is that EVERYTHING will become a little bit more expensive. I have heard people on the left say we need less materials anyways so now I am just super confused on what their stance ACTUALLY IS.

At least Trump is saying why he wants to do it, bring jobs back home, whether or not they are high paying jobs.

 

Yep... The geniuses whose advice has brought about the astronomical national debt, the outsourcing of millions of good middle class American jobs, open borders and skyrocketing gap between the top 1% (who incidentally pay their salaries) and the rest of the country... Because according to these brainiacs, it's all very good for the economy.

Duh, why won't we keep taking their brilliant highly-educated advice?

 

This thread was over at this post. It pretty much destroys the op. I love succinct destruction.

 

So nearly 400 government paid economic professors say vote for Hillary because they think Trump is like doo-doo. Big surprise there eh? Whenever I see stories like this I wonder how many is hundreds of economists in the grand scheme of things? Hundreds out of how many thousands or 10's of thousands or 100's of thousands? Just like climate scientists how many does it take to make a consensus and who decides how many it takes? They quote scientists like they have any understanding of what science is about.

 

Yeah...the same kind of folks who called on Greenspan to create a housing bubble to replace the dot Com bubble back in the early 00's. Those guys are smart!!!

 

Being an economic expert is code for being a (*)(*)(*)(*)ing moron. If they were so smart we wouldn't be in massive debt would we?


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If economists knew what they claim to know why are the world's economies in such sad shape?

 

Probably the same type of geniuses that helped us get $20trillion in the hole.

 

Those completely unproductive leeches on society are totally dependent on government largesse to pay their salaries.

 

Those same ones who in 2007 thought that an economy built on debt based consumerism would never fail.
The same ones who thought that buying houses with debt, then selling them at a higher price to the next guy, who must acquire even more debt, over and over again, was the basis of a good economy

 

Yeah; all those leftwing economists who SWORE that Obamanomics was going to revitalize the U.S. economy; only . . . it . . . didn't.

 

The wealthiest country in history...yeah those are the guys.

 

What does that have to do with economists?
Perhaps one of the lamest posts all year

 

Since economists don't set policy I wouldn't think so.

 

They must be the same "prominent" economists that have been telling us how great the economy's been under Obama.

 

Most folks I know that study industry economics to actually make business decisions look favorably on lower taxes and regulation. Of course, most the folks I know are trying to grow and not just trying to defend their position. Taxes and regulation make it easier to stay in the lead.

 

Well, they are probably rich from tax revenues. They are probably not stupid, but merely motivated to speak with bias.

 

These poor idiots still think that governments can actually benefit wealth expansion.

 

So whom do we thank for every freaking thing we buy now being made in China, eh? It's the system, and Trump is in favor of changing that system.

Take your propaganda and scram.

 

Right. Economists are responsible for the economy like historians are responsible for history. Enjoy the high-fives from your knuckle-dragging friends.

 

Look at Trump's record.. He has screwed the working class his whole life.. He has cheated vendors, contractors,employees, investors and bankers... Now he's screwing the residents of Trump Tower.

 

Of course taxes and regulation! Never accuse me or Trump of being against taxes and regulation.