XPost: alt.fan.rush-limbaugh, alt.politics.trump, sac.politics
XPost: talk.politics.guns
From: bye.joe@flush.joe
On 27 Jun 2024, J Carlson posted some
news:v5ladd$34tm5$7@dont-email.me:
> How'd you lose that Sleazynews account Rudey?
The Trump campaign has hit back at a group of Nobel Prize winning
economists who issued a warning about the "risks" to the U.S. economy of a
second term for former President Donald Trump.
Trump campaign national press secretary Karoline Leavitt told Newsweek
that the American people don't need "worthless out of touch" economists
telling them which president "put more money in their pockets," after 16
Nobel Prize winners said in a letter that "Joe Biden's economic agenda is
vastly superior to Donald Trump's." It comes less than five months before
the presidential election, with Trump narrowly ahead in most polling
averages.
In the letter, first obtained by Axios, the economists expressed concern
that a second Trump term could "reignite" inflation, "have a negative
impact on the U.S.'s economic standing in the world and a destabilizing
effect on the U.S.'s domestic economy."
Leavitt responded, "President Trump built the strongest economy in
American history. In just three years, Joe Biden's out of control spending
created the worst inflation crisis in generations. Americans know we
cannot afford four more years of Bidenomics."
Trump's economic policies include a promise to lower corporate America's
tax rate from 21 percent to 20 percent. Trump has also said he wants to
eliminate taxes on tips for workers in the hospitality and leisure
industries.
His economic plan also pledges to impose 10 percent duties on all imports
and a minimum tariff of 60 percent on Chinese goods.
"In Donald Trump's America, the rich pay less, and working Americans pay
more. Luckily, Americans have a better choice this November: Joe Biden,
who is leading America out of the mess Donald Trump left us in and
fighting to lower costs, create jobs, and raise wages."
Democrats have been on the defensive with the economy since prices surged
in the summer of 2022. The White House maintains that the economy is good,
but voters don't seem to agree.
A poll for the Guardian newspaper in the U.K. in May found that more than
half of Americans wrongly believed the U.S. was in a recession.
Fox News recently reported that 68 percent of American say the economy is
"not so good" or "poor."
Inflation has fallen in recent months after hitting a 40-year high of 9.1
percent in June 2022. In May, the annual rate fell to 3.3 percent, which
is a decrease from April, but above the target of 2 per cent set by the
Federal Reserve.
Key aspects of Biden's economic agenda include investing nearly $53
billion in semiconductor manufacturing to reduce dependence on foreign
sources and enhance national security?, and the Bipartisan Infrastructure
Law, which is aimed at modernizing the nation's roads, bridges, public
transport systems, and broadband availability.
Biden has pledged to raise corporation tax and has said that households
who make less than $400,000 a year wouldn't see a tax increase.
The 16 Nobel Prize winning economists said in their letter that Biden's
plans would likely "increase productivity and economic growth while
lowering long-term inflationary pressures and facilitating the clean
energy transition."
The two candidate's economic policies are expected to be a focus of the
first presidential debate on Thursday night.
https://www.newsweek.com/trump-campaign-slams-nobel-prize-winning-
economists-ahead-biden-presidential-debate-1918096
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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