According to the CNN’s article, there are more than 700 economists, 7 of those include Nobel Prize Winners, who are opposed to Donald Trump’s reelection. This does not come as a surprise as Trump has faced a lot of opposition and suffered from backlash after making economic decisions many times. The argument presented by these economists in a letter, is that Trump’s behavior during his first term is “selfish and reckless” and therefore, Americans should not allow him to perpetuate it for another 4 years.
They highlighted in particular his economic response during the COVID-19 pandemic which they believed “endangered economic recovery” as well as Public Health. More importantly, these economists pointed out the damage caused in the public sector and in the United States relations with foreign trade partners, which they claim are direct results of Trump’s incompetence and economic proposals which did not effectively foster economic growth. We are now less than two weeks away from the November 3rd election, and this released letter might change some people’s opinion or maybe confirm others’ positions.
So what do you think of these economist assessments of Trump’s economic policies and behaviors during his first term? What are your predictions of what would happen to the U.S. economy if president Trump were to get elected for a second term?
https://www.cnn.com/2020/10/22/economy/economists-oppose-trump-election/index.html
3 comments:
I believe it is unlikely a letter like this will inform public perception about Donald Trump. His supporters are likely to dismiss this critique as members of the "liberal elite" out to get him. While this dismissal not be completely fair, it is an understandable position, as the state of the economy's unemployment and various other metrics (at least prior to Covid) was actually at an all-time best. However, it is still interesting to hear a critique from economists, as usually Trump is being criticized for social policies rather than economic ones.
I agree, I do not think that the letter will have a tremendous impact on the public, especially given that we are now less than a week away from the election and many have already mailed in their ballots or voted early. Also, as you said, Trump's supporters are very settled on their economic positions and their belief that the economy has been the greatest in the history of the United States during Trump's presidency which is not very accurate as it has been factually proven by statistics and various economists that the U.S. economy under Trump performed about the same as it had during the last three years under President Obama.
Although I agree with Max that a letter like this is unlikely to change the mind of T Trump supporters, I think that this could have an effect in swing states and possibly sway some voters to reconsider who they will vote for especially since the economy is something that is on a lot of peoples minds lately.
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