berg80
Diamond Member
- Oct 28, 2017
- 16,030
- 13,474
- 2,320
Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation.
“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’s,” the economists wrote. Axios was first to report the letter.
“There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” wrote the group of politically progressive academics.
Trump has so far proposed making his first-term tax cuts permanent, imposing universal tariffs on all imports, with a China-specific tariff rate between 60% and 100%, and pressuring the independent Federal Reserve Board to cut interest rates.
Economists and Wall Street analysts alike have predicted that any or all of those proposals could reinflate prices, which remain vulnerable despite cooling slightly in recent months.
https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html
More stuff for The Following to dismiss. They've been given intellectual license to dismiss it because Don has told them not to believe what they see or what they read. Cuz only he can be trusted.
Former President Donald Trump has made illegal immigration and its impact on the U.S. a focus of his campaign – but several of his talking points are wrong or misleading. Here’s what we found among his immigration claims at recent events in the electoral swing states of Arizona and Nevada.
www.factcheck.org
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation.
“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’s,” the economists wrote. Axios was first to report the letter.
“There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” wrote the group of politically progressive academics.
Trump has so far proposed making his first-term tax cuts permanent, imposing universal tariffs on all imports, with a China-specific tariff rate between 60% and 100%, and pressuring the independent Federal Reserve Board to cut interest rates.
Economists and Wall Street analysts alike have predicted that any or all of those proposals could reinflate prices, which remain vulnerable despite cooling slightly in recent months.
https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html
More stuff for The Following to dismiss. They've been given intellectual license to dismiss it because Don has told them not to believe what they see or what they read. Cuz only he can be trusted.
FactChecking Trump’s Immigration-Related Claims in Phoenix and Las Vegas
Former President Donald Trump has made illegal immigration and its impact on the U.S. a focus of his campaign – but several of his talking points are wrong or misleading. Here’s what we found among his immigration claims at recent events in the electoral swing states of Arizona and Nevada.
- Trump falsely said that a proclamation by President Joe Biden to limit asylum eligibility “establishes an annual minimum of approximately 2 million illegal alien border crossers.”
- He distorted how a mobile app for asylum appointments operated, saying it allows “free entry to be released into the United States at the push of a button.” Applicants are screened, and appointments are limited.
- Trump offered wildly exaggerated border crossing statistics. For instance, he said that in April, “border crossings were up 1,000% compared to the same month last year.” Apprehensions, which are a proxy for illegal crossings, were down by 30%. If Trump meant April 2020 instead of “last year,” that’s misleading. Apprehensions plunged that month due to the pandemic.
- He distorted reporting by the New York Times to misleadingly claim that “88,000” unaccompanied minors who came to the U.S. illegally and were processed by the Biden administration “are missing” and “many of those children are dead.”
- Trump claimed that “more drugs are coming into our country right now than at any time in our history.” Federal data for drug seizures by weight are trending down under Biden. As a proxy for drug smuggling, that data suggest that fewer drugs, not more, are coming into the country. Fentanyl seizures, however, have increased significantly under both Trump and Biden.
- Trump claimed that “300,000 people are dying a year” in the U.S. from drugs, and said the figure is “probably more than that.” A federal agency reported that there were 107,941 drug overdose deaths in 2022, and a Centers for Disease Control and Prevention researcher previously told us that any undercount “should be relatively small.”
FactChecking Trump's Immigration-Related Claims in Phoenix and Las Vegas - FactCheck.org
Former President Donald Trump has made illegal immigration and its impact on the U.S. a focus of his campaign – but several of his talking points are wrong or misleading. Here's what we found among his immigration claims at recent events in the electoral swing states of Arizona and Nevada.
www.factcheck.org
Dumb ass the Biden inflation is still raging. The Fed just said no cuts this year and they are ready to jack up rates even more to fight the Biden inflation. Lying POS Dems and their spin and propaganda, shameless.
