Conservative Economist Ben Stein Says Trump May M
Post# of 65629
Posted On: 08/20/2016 8:44:53 PM
Quote:
Conservative Economist Ben Stein Says Trump May Make Him Vote Democrat for First Time
Quote:
Stein told The Guardian in June, “I don’t think Trump knows a goddamn thing about economics.”
Does anyone know why supply side economics is bullshit?
Anyone? Anyone? Anyone?
https://www.youtube.com/watch?v=qYE7p8C-yrs
By Hrafnkell Haraldsson on Sat, Aug 20th, 2016 at 3:07 pm
"I don't know where he got the idea that you can just somehow drive a big pickup truck into Mexico and bring back all the jobs.
Donald Trump’s plan to cut corporate taxes has already taken a brutal hit from conservative economist Ben Stein, who said,
“I don’t think Mr. Trump’s plan is going to work very well…the evidence that tax cuts stimulate business in any kind of meaningful way…is extremely poor to put it mildly.”
Now Stein has gone after Trump over the reality star’s negative stance on free trade, saying, “I think at the end of the first term of a Trump presidency, we would wish he had taken a very different tack on trade.”
Watch courtesy of CNN Money: http://www.politicususa.com/2016/08/20/conser...-time.html
“The idea of starting trade wars is a very, very bad idea. I don’t know where he got that idea from. I don’t know where he got the idea that you can just somehow drive a big pickup truck into Mexico and bring back all the jobs. It’s just not true.”
No indeed, particularly since some of the jobs Trump would have to bring back in his pickup truck would be those devoted to making his clothing line. He’d have to drive his pickup truck to China to bring back the rest of them, a neat trick.
Stein went on to say,
“The general misconception about the trade deals is that we are somehow giving away jobs that American workers want and we’re shipping the jobs to China or to Mexico. That isn’t true. We have full employment in this country. We have a labor shortage in this country. We have many, many jobs going unfilled because there aren’t enough Americans to take the jobs.
“As to the manufacturing jobs that have gone overseas, it is a shame for any American to lose a manufacturing job, but on the other hand, every American is a consumer. Not every American is a manufacturing employee.
So the great majority of Americans are benefited by these trade deals, not harmed, and we should really get it through our head that free trade is one of the best advances in human prosperity there’s ever been.”
Keep in mind Stein supports the Trans-Pacific Partnership, or TPP, which he calls a “very good trade deal,” and he isn’t happy that his former Yale law classmate Hillary Clinton has backed away from it, having previously allowed that she “knows something” about it [economics].”
Even so, the prospect of a Trump presidency has him far more alarmed. Stein told The Guardian in June, “I don’t think Trump knows a goddamn thing about economics.”
This has Stein wavering. He says, “I’ve never voted for a Democrat,” but allowed that “it could be different this time.”
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