23 Nobel Prize-Winning Economists Endorse Harris on the economy

[User]

Just now, Hodad said:

No, they were correct. That legislation has been very effective. Massive investment has followed. We have a construction boom. The forecast is mighty bright.  

Not even a few months ago you were here making arguments lying about how Biden has not added as much to the deficit as Trump, completely ignoring how much Biden spent on these programs. I had to point them out to you.

Now you are here bragging about how great they are. 

Yeah, the continued inflation, destruction of real wage growth, interest rates, increased costs... oh yeah, things were built back better all right. 

 

[Legato]

1 hour ago, DUI_Offender said:

George W Bush launched a war against Afghanistan in 2001, and Iraq in 2003. These battles were not resolved  during his second term.

Bill Clinton launched operations in Somalia in 1993, then against Yugoslavia in 1995 and 1999. 

Richard Nixon was involved in the Vietnam War for every year he was President. He was technically a 2-term president (even though he resigned in disgrace in 1974).

I am sure there were others.

And your point is? The response was to Robo's assertion that Obama brought peace when that was not the case.

[Michael Hardner]

Argument from authority 

 

https://en.wikipedia.org/wiki/Argument_from_authority

[gatomontes99]

25 minutes ago, Hodad said:

No, they were correct. That legislation has been very effective. Massive investment has followed. We have a construction boom. The forecast is mighty bright.  

Lmao...oh ok...and the blue cheese mining company on the dark side of the moon has been the most successful venture of our lifetime.

Come back to reality. Please.

Quote

https://www.usatoday.com/story/opinion/columns/2024/10/28/opinion-inflation-reduction-act-has-been-a-disappointment-for-seniors/75486263007/

Among the topline estimates for total revenue raised in the Democrats’ one-page summary for the IRA was a line item labeled “Prescription Drug Pricing Reform,” estimated to generate $288 billion. But what did this reform entail? It effectively cut Medicare funding, shifting the financial burden onto seniors in the form of increased premiums.

 

[Nationalist]

3 hours ago, Hodad said:

Well, you can't say I didn't predict this reaction. 

What do you expect idi0t?

Nobel? Pfft...junk.

3 hours ago, Hodad said:

Indeed, one administration changed the trajectory of the economy and the other didn't. 

But I forgot that your feelings are more compelling than economic data. And apparently more compelling than the analysis of Nobel laureates. You really think highly of your feelings.

Ur a liar and an id1ot.

[Michael Hardner]

Nobel?  Pfft... JUNK 😂

When the tariff plan pops the economy like a balloon, the one thing we know is that it won't be Trump's fault...

The Postmodern president...

[User]

8 minutes ago, Michael Hardner said:

When the tariff plan pops the economy like a balloon, the one thing we know is that it won't be Trump's fault...

What exactly is this tariff plan you speak of?

 

[robosmith]

2 hours ago, Legato said:

U.S. military forces have been at war for all eight years of Obama’s tenure, the first two-term president with that distinction. He launched airstrikes or military raids in at least seven countries: Afghanistan, Iraq, Syria, Libya, Yemen, Somalia and Pakistan.

 

https://www.latimes.com/projects/la-na-pol-obama-at-war/

From your cite:

Quote

Obama slashed the number of U.S. troops in war zones from 150,000 to 14,000, and stopped the flow of American soldiers coming home in body bags. He also used diplomacy, not war, to defuse a tense nuclear standoff with Iran.

AKA lowering the temperature. Did you expect he would surrender in GWB's Afghan and Iraq conflicts? LMAO

[Michael Hardner]

2 minutes ago, User said:

What exactly is this tariff plan you speak of?

 

Here's an article. I haven't looked at it myself. 

 

https://thehill.com/business/4945577-trump-tariffs-economy-trade/

[User]

3 minutes ago, Michael Hardner said:

Here's an article. I haven't looked at it myself. 

 

https://thehill.com/business/4945577-trump-tariffs-economy-trade/

So, what plan have you looked at that you were asserting would pop the economy like a balloon?

 

[Michael Hardner]

Here's an academic review by the highly respected Peterson institute. This is my go-to for learning about international trade. 

They say simply that the impacts are incalculable. That's not to say it's good or bad. 

I would estimate that it would have a huge impact, and would initially be negative. 

https://www.piie.com/blogs/realtime-economics/2024/underestimating-trump-tariffs

 

[Hodad]

2 hours ago, gatomontes99 said:

Lmao...oh ok...and the blue cheese mining company on the dark side of the moon has been the most successful venture of our lifetime.

Come back to reality. Please.

 

Jeebus. This is a rather perfect example of how whacked out you guys are. Your counter to a grip of Nobel laureate economists evaluation of a sprawling infrastructure bill is an op-ed from a retired Republican non-economist that is focused on a single line item from the bill.

You inspire so many facepalms I'm going to owe Sir Patrick Stewart royalties. 

[Aristides]

2 hours ago, User said:

So, what plan have you looked at that you were asserting would pop the economy like a balloon?

 

Use your head. Tariffs will make imported goods more expensive. If tariffs make domestic production more economic it's because higher cost domestic production is now economically feasible. Either way, things become more expensive.

[gatomontes99]

22 minutes ago, Hodad said:

Jeebus. This is a rather perfect example of how whacked out you guys are. Your counter to a grip of Nobel laureate economists evaluation of a sprawling infrastructure bill is an op-ed from a retired Republican non-economist that is focused on a single line item from the bill.

You inspire so many facepalms I'm going to owe Sir Patrick Stewart royalties. 

Ok. So it was a lie the first time and they were dead wrong the second time, but damn it, they got it right this time!

Do you remember this?

Quote

By Ben White

10/21/2016 02:46 PM EDT

NEW YORK — Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House

https://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164

Notice the date?

What a coincidence!

Wow!

Almost the exact same timing. It's almost like they have a playbook they can't deviate from.

[Fluffypants]

These awardees coming from the awards that gave Obama a Peace Price literally for absolutely nothing.

A left wing award for left wing people its so shocking they would be against an economic plan that isn't a left wing plan.

People put a lot of stock in people whose theories rarely match reality.

[Hodad]

3 hours ago, Nationalist said:

What do you expect idi0t?

Nobel? Pfft...junk.

Ur a liar and an id1ot.

Sure, the Nobel prize is junk. 

There are actual, honest-to-god circus clowns in other countries who are more prepared to have a discussion on this topic than you are. This is not hyperbole, just plain fact. 

Maybe just sit out economic discussions. 

Edited November 1, 2024 by Hodad

[NAME REMOVED]

9 hours ago, Michael Hardner said:

Again you prove my point.

You can't objective if you think absolutely nothing the other team did has value.

Have a nice day.

He is the least objective member on the forum. Trump could kill a 5 year old child, and he would find a way to justify it, by saying the family were Democrats. 

[Fluffypants]

7 minutes ago, DUI_Offender said:

He is the least objective member on the forum. Trump could kill a 5 year old child, and he would find a way to justify it, by saying the family were Democrats. 

This coming from the side where Biden straight up called Trump supporters garbage and we watched the media tell us how he never really said that. Its so bad it will probably become a Mandela Effect one day. Someone will say Biden called Trump supporters trash and people will pull out all the media saying he didn't actually say that and you will be hard pressed finding the video actually of him saying.

Edited November 1, 2024 by Fluffypants

[Hodad]

32 minutes ago, gatomontes99 said:

Ok. So it was a lie the first time and they were dead wrong the second time, but damn it, they got it right this time!

Do you remember this?

Notice the date?

What a coincidence!

Wow!

Almost the exact same timing. It's almost like they have a playbook they can't deviate from.

"They" who? Lol

[gatomontes99]

6 minutes ago, Hodad said:

"They" who? Lol

"Experts"

[West]

53 minutes ago, Fluffypants said:

These awardees coming from the awards that gave Obama a Peace Price literally for absolutely nothing.

A left wing award for left wing people its so shocking they would be against an economic plan that isn't a left wing plan.

People put a lot of stock in people whose theories rarely match reality.

Exactly. Imagine being so out of touch with the voter that you think people are going to care about "the experts" who shut down your small business, have overseen one of the greatest wealth transfers in history, and are responsible for suppressing wages. 

This focus on these yahoos is so 25 years ago

[Hodad]

Just now, gatomontes99 said:

"Experts"

Oh. So a couple of entirely different people made a prediction you disagree with, so this huge number of Nobel prize winning economists should be dismissed? 

Maybe stop digging. 

[User]

1 hour ago, Aristides said:

Use your head. Tariffs will make imported goods more expensive. If tariffs make domestic production more economic it's because higher cost domestic production is now economically feasible. Either way, things become more expensive.

I am using my head. Trump already employed Tariffs before and Biden kept a ton of them in place. 

The point is, Trump has yet to offer any definitive tariff plan to try to claim he is going to blow up the economy. 

2 minutes ago, Hodad said:

Oh. So a couple of entirely different people made a prediction you disagree with, so this huge number of Nobel prize winning economists should be dismissed? 

Maybe stop digging. 

Dismissed? They offered nothing more than a vague political petition. Yeah, we can dismiss that. 

[gatomontes99]

4 minutes ago, Hodad said:

Oh. So a couple of entirely different people made a prediction you disagree with, so this huge number of Nobel prize winning economists should be dismissed? 

Maybe stop digging. 

Economists said the last Trump presidency would cause the stock market to crash. It didn't.

Former security officials said the Hunter laptop was Russian disinformation. It wasn't.

Now they are repeating the lie, Trump's economy will cause inflation. I'm sorry, but I didn't fall for the first two so I'm not falling for this one. They are lying. Again. And they are literally doing it in the last week of October, just like last time.

I'm not stupid. I'm not falling for it.

Edited November 1, 2024 by gatomontes99

[robosmith]

1 hour ago, Aristides said:

Use your head. Tariffs will make imported goods more expensive. If tariffs make domestic production more economic it's because higher cost domestic production is now economically feasible. Either way, things become more expensive.

Wealthy people love tariffs, cause it reduces their company's competition from foreign competitors and frees THEM to raise prices more easily.