Categories: General News

Trump Campaign Labels Nobel Prize Winning Economists ‘Worthless’, Defends Former President’s Economic Agenda

Trump Campaign Slams ‘Worthless’ Nobel Prize Winning Economists

Trump’s Response to Nobel Economists

The Trump campaign responds to a group of Nobel Prize-winning economists who issued a warning about the potential “risks” to the U.S. economy if former President Donald Trump gets re-elected for a second term. National press secretary of Trump’s campaign Karoline Leavitt labeled the economists “worthless” and “out of touch” in response to their claim that the economic agenda of Joe Biden is significantly superior to Trump’s.

The economists, sixteen in total, issued their statement with less than five months remaining before the presidential election – an election that currently shows Trump leading the polls slightly. The economists’ letter revealed worries over high potential for inflation, impacts on the U.S.’ international economic standing, and destabilizing effects on the domestic economy if Trump secures a second term.

A Rebuttal based on Past Achievements

Leavitt, in response to the letter first shared by Axios, hit back by reminding the public of Trump’s previous economic feats. Leavitt stated, “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.”

Leavitt went on to reassure that once Trump returns to the White House, he will reinstate his pro-growth, pro-energy, pro-jobs agenda, designed to decrease living costs and elevate all Americans. Trump’s economic strategies involve lowering corporate America’s tax rate from 21 percent to 20 percent and eliminating taxes on tips for the hospitality and leisure sector workers. His plan also includes levying 10 percent duties on all imports and a minimum tariff of 60 percent on goods from China.

Biden’s Supporters Defend the President’s Economic Plan

James Singer, a spokesperson for the Biden campaign, responded to Leavitt’s criticism: “Top economists, Nobel Prize winners, and business leaders all know America can’t afford Trump’s dangerous economic agenda.”

“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,” he added.

The Current Economic Scenario

Voters’ perception of the current economy, attributed to Biden, remains largely negative as prices surged in the summer of 2022. Meanwhile, the White House maintains that the economy is in good shape. However, a significant percentage of Americans believe the U.S. is currently in a recession, as indicated in a recent poll by the Guardian. This statistic is somewhat backed up by Fox News reporting that 68 percent of Americans perceive the state of the economy as “not so good” or “poor.”

The Approach of the First Presidential Debate

With the first presidential debate approaching, it is anticipated that the candidates’ differing economic policies will be a central focus. Biden’s economic agenda includes a $53 billion investment in semiconductor manufacturing to decrease dependency on foreign sources, the Bipartisan Infrastructure Law, which aims at modernising roads, bridges, public transport systems, and broadband availability, along with increase in corporation tax and guarantees that households earning less than $400,000 per year will not face tax increases.

The 16 Nobel Prize-winning economists believe that these plans would likely “increase productivity and economic growth while lowering long-term inflationary pressures and facilitating the clean energy transition.”


Author: HERE Georgetown

HERE Georgetown

Recent Posts

Pflugerville’s Downtown Transformation Project Set to Begin This Year

Pflugerville's Downtown Set for a Major Overhaul! Exciting changes are on the way for the…

8 hours ago

Raise a Glass to Georgetown’s Grape Creek Vineyards and Their Exciting New Offerings

Raise a Glass: Georgetown’s Grape Creek Vineyards Uncorks New Offerings! Grape Creek’s Strong Presence in…

8 hours ago

Georgetown Celebrates the Grand Opening of Its First Floor & Decor Store

Georgetown Welcomes Its First Floor & Decor Store! Hey there, Georgetown! Big changes are happening…

8 hours ago

Georgetown to Welcome New Whataburger and H-E-B Locations by May 2025

Georgetown, Texas, Welcomes Whataburger and H-E-B: A Match Made in Burger Heaven! Hey there, Georgetown!…

8 hours ago

Linda McMahon’s Education Nomination Under Scrutiny Due to Controversial History and Misreported Qualifications

Linda McMahon's Controversial Background and Education Nomination Hartford, Connecticut — The spotlight is back on…

21 hours ago

US Capitol Announces New Bathroom Policy amid Gender Identity and Women’s Rights Debate

New Bathroom Policy Announced in Washington D.C. Washington D.C. — A significant change is coming…

21 hours ago