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Fri Oct 23, 2020, 02:31 PM

745 Economists Sign An Open Letter Opposing Trump's Re-Election



Daily Kos, Oct. 23, 2020.

Open Letter: 745 Economists Oppose Trump's Re-Election: We, the undersigned economists, strongly urge voters not to re-elect Donald Trump on the following grounds:

- His chaotic and ineffective approach to negotiation has damaged relations with trade partners, interrupted supply chains, degraded international norms, and harmed American farmers -- all without achieving his stated goal of reducing the trade deficit. Even his landmark trade deal, the USMCA, is not projected to have a meaningful impact on either GDP or the trade deficit.

- His managerial incompetence has damaged the credibility and effectiveness of the public sector. Agencies cycle through acting heads, disgruntled former staffers frequently appear in the media with dire warnings, and family members are put in charge of critical pandemic response initiatives.

- He claimed to have the unique ability to generate growth (in real GDP) of between 4% and 6%, but never surpassed 2.9% in his first three years in office. Furthermore, analysts at Goldman Sachs and Moodyís Analytics have projected that Joe Bidenís economic plans, if implemented, would actually generate faster growth in both employment and real GDP.

- He failed to achieve his campaignís core economic promises: manufacturing remained a small share of employment, and both the fiscal and trade deficits increased. As economists explained in 2016, most of his promises either didnít make sense or werenít achievable using his proposed policies. This remains true in 2020.

- His administrationís public health response to COVID-19 was described by medical scientists as having turned "...a crisis into a tragedy" and as having underperformed relative to other democracies by "orders of magnitude."...

Read More,
https://www.dailykos.com/stories/2020/10/23/1988976/-745-Economists-sign-an-Open-Letter-Opposing-Trump-s-Re-Election

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