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Main » 2016 » November » 2 » 370 economists urging Americans not to vote for Trump
370 economists urging Americans not to vote for Trump


370 economists urging Americans not to vote for Trump

 American economists disliked Donald Trump.



370 economists - among them Nobel laureates - have signed a letter in which he urged voters not to vote for the Republican candidate, Donald Trump. 

"His remarks underscore the profound ignorance of the economy and the inability to listen to authoritative experts," - said in the letter. The first letter was published in The Wall Street Journal. Virtually all employees edition signed it. 

Economists did not support the candidacy of Hillary Clinton, but encouraged supporters Trump vote for "another candidate". 

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They claim that Trump introduces Americans misleading as regards trade, production, immigration and public institutions that are crucial to ensure confidence in the economy. 

One of the economic advisers Trump, Peter Navarro said the comments The Wall Street Journal, that the letter "is nothing more than just another news." 

Navarro, professor of Economics at the University of California, Irvine, and said, "you should not believe economists and Nobel laureates, with regard to trade. He confirmed the authenticity of this passage and by CNNMoney, but later said that he had been misunderstood. 

"You do not need a Ph.D. in economics to understand that Trump's plan, which includes tax cuts, an increase in the volume of oil, gas and coal, and reduction of trade deficit by increasing exports and reducing imports, significantly accelerate the pace of economic growth. " 

Trump was strongly criticized for the threat to introduce tariffs on trade with Mexico and China, as well as for the comments about breaking free trade agreement, NAFTA. His immigration policy, namely the intention to deport millions of illegal workers, economists widely criticized. According to them, it will affect not only the labor market but also on the economy as a whole. 

Clinton also not credible. In September, more than 300 economists signed a letter claiming that its economic policies will have a negative impact. They argue that the position of the presidential candidate of the Democrats against fossil fuels, its tax plan and proposals to increase the minimum wage will lead to a slowdown of the economy. 

Whatever it was held in Oxford Economics, Moody's Analytics and UPenn's Wharton School Budget Model Analysis economic plans of both candidates points in favor of Clinton. 


Based on materials WELTRADE







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