"In just one term in office, Donald Trump has rendered the United States unrecognizable, and has faced no consequences for doing so," the economists wrote in an open letter, which is being updated until the November 3 election.
The letter was signed by prominent economists from major institutions, including Nobel laureates Paul Milgrom (2020) and Oliver Hart (2016) and Alvin Roth (2012). George Akerlof, the Nobel winning husband of former Federal Reserve chief Janet Yellen, also signed the letter.
"For these reasons, we strongly recommend that the electorate do what no one else can: reclaim your democracy by voting to remove Donald Trump from office," the economists wrote.
The Trump campaign did not immediately respond to a request for comment.
Trump has claimed that he is the better candidate for the economy, which he notes has bounced back from the depths of the recession in the late winter and early spring.
The open letter follows a similar effort in 2016 that failed to derail Trump's successful bid for the White House. At the time, at least 790 economists urged Americans not to elect Trump, citing a "deep ignorance of economics and an inability to listen to credible experts."
Response to the pandemic
The economists expressed dismay over Trump's "selfish and reckless behavior" during the pandemic.
"His personal behavior during the Covid-19 outbreak endangered public health, the economic recovery, and the safe re-opening of schools," the economists wrote. "He undermined mask use and social distancing, held indoor rallies, encouraged the use of unproven and potentially dangerous medical substances, downplayed the severity of the pandemic, and hosted a superspreader event that incapacitated the White House and forced military leadership into quarantine."
The pandemic has killed more than 222,000 Americans since March.
"He regularly spreads dangerous misinformation, even during times of crisis," the letter said.
A recent study concluded that Trump was likely the largest driver of Covid-19 misinformation.
The economists also say Trump "consistently undermined the independence and credibility of our major health agencies," including the FDA, CDC and National Institutes of Health.
'Chaotic and ineffective'
Even though Trump billed himself as a CEO president skilled in negotiation, the economists take issue with the results.
"His managerial incompetence has damaged the credibility and effectiveness of the public sector," the letter said, citing the constant change in leadership at agencies and disgruntled employees who speak out in the media.
In trade, the economists say Trump's "chaotic and ineffective approach to negotiation" has damaged relations with trade partners, hurt farmers and interrupted supply chains "without achieving his stated goal of reducing the trade deficit."
Trump ran with a focus on reviving American manufacturing and trade. But the economists say he "failed to achieve his campaign's core economic promises" because manufacturing remains a small part of overall employment and trade deficits have climbed.
The letter notes that economists at Moody's Analytics and Goldman Sachs have recently concluded that Joe Biden's proposals would generate faster economic growth.
A separate group of 13 Nobel laureates recently released a letter backing Biden.
"and" - Google News
October 22, 2020 at 06:40PM
https://ift.tt/3ojbNts
'Selfish and reckless.' Nearly 700 economists strongly oppose Trump's reelection - CNN
"and" - Google News
https://ift.tt/35sHtDV
https://ift.tt/2ycZSIP
And
Bagikan Berita Ini
0 Response to "'Selfish and reckless.' Nearly 700 economists strongly oppose Trump's reelection - CNN"
Post a Comment