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You may have heard that last week 24 Nobel economists wrote that Vice President Kamala Harris’ economic plan would be better for America than the Trump agenda. The joint letter was spearheaded by the hyperpolitical Joseph Stiglitz. Yes, the same Joe Stiglitz who infamously flew to Caracas to endorse Hugo Chavez’s economic policies in 2007.
The letter claims the Trump economic plan would “lead to higher prices, larger deficits, and greater inequality.” They also warn of the risk of a worldwide recession if former President Donald Trump wins. All that was missing was the prediction of dead puppies.
If these apocalyptic claims sound vaguely familiar, you have a good memory. Turns out this is exactly what many in this gang of leftist economists warned of in 2016. Here are a few examples:
Nobel laureate Paul Krugman fumed in The New York Times the morning after the 2016 election: “It really does now look like President Donald J. Trump (has won), and markets are plunging. When might we expect them to recover? … We are very probably looking at a global recession, with no end in sight.”
Larry Summers, former President Bill Clinton’s treasury secretary and former President Barack Obama’s National Economic Council director, warned: “Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States.” […]
— Read More: hotair.com
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