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News Clash

SIXTEEN ECONOMISTS: Is This The 2024 Version Of Biden’s BS Laptop Letter?

It worked so well last time, they're trying it again.... if we let them.

It’s a little early for an October surprise… but just on time to prop Joe up in ANOTHER debate with his Republican rival.

The last time around, Blinken (who was part of Joe’s campaign team) called in a favor from 51 people from the Intelligence Community to write a letter discrediting the Hunter Biden Laptop from Hell as ‘Russian disinformation’.

They had no first-hand information about that laptop or its contents. The DNI director, Ratcliffe, specifically repudiated claims that it was Russian disinformation in mid-October 2020.

That didn’t stop Biden from lying in the debate while social media was pressured to censor the work of a one of America’s oldest newspapers as they reported an entirely true story that (we’ve later learned) would have absolutely changed the course of the last election.

With the first rematch of that debate almost upon us, we are seeing another set of ‘experts’ coming together with another dire warning. This time, we have economists rallying around Joe Biden while claiming a Trump presidency would unleash economic Armageddon on America.

We just HAVE to believe them, you see. They’ve got credentials! They’ve won the Nobel Prize and everything!

Uh-huh. This is the SAME committee that gave Obama a Peace Prize for… whatever the hell HE supposedly did to promote peace… while ignoring the fact that Trump delivered the one thing everyone told us was impossible: meaningful steps toward regional peace in the Middle East through the Abraham Accords. At least until Biden started steering foreign policy, that is.

Now we have ‘experts’ telling us the sky will fall if Trump becomes president again.

The economists wrote: ‘We believe that a second Trump term would have a negative impact on the US’s economic standing in the world, and a destabilizing effect on the US’s domestic economy.’

‘Many Americans are concerned about inflation, which has come down remarkably fast.

There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,’ they continued. — DailyMail


Cool story bro. Needs more dragons.

Why does it seem like we’ve heard this dire warning before? Oh, THAT’s right… Nobel Prize winning Krugman, predicted the very same thing in November, 2016:

Calling Trump the “mother of all adverse effects,” the Nobel Prize-winning economist predicted that the GOP nominee’s administration could quickly undo the progress that the markets around the world have made in the eight years since the financial crisis.

“Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news,” he wrote. “What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in.” — Politico

The hedgies were predicting disaster in 2016, too:

On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory.
That would erase nearly $1.9 trillion in value from U.S. stock market portfolios.
[…] Moody’s economist Mark Zandi, who has been a big supporter of President Obama, as well as John McCain, has said he thinks Trump’s economic policies would lead to a recession. — Finance (2016)

Professors were predicting an 8-12% stock market plunge under Trump. Weird how none of those dire predictions ever materialized… and yet they are all still ‘respected economists’.

Meanwhile… Under Biden

CNBC — hardly a ‘right-wing rag’ — wrote this in March:

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.

The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. — CNBC

In February, Forbes wrote this:

Today, the Congressional Budget Office published its annual 10-year Budget and Economic Outlook. According to the CBO’s latest estimates, in 2024 the U.S. government will pass a grim and once-unimaginable milestone. The federal debt has gotten so large that spending on interest to service that debt now exceeds federal spending on national defense.

Here’s a handy graph that came with the first article we cited:

And ‘prize-winning’ economists have the unmitigated GALL to kvetch about the danger TRUMP poses to the economy?

The difference in energy policies alone… which is a HUGE consideration in EVERY step of the farm-to-table or factory-to-shelf pricing increases we are seeing under Biden has a massive impact on inflation concerns.

Pair that with unlimited immigration’s housing pressures driving costs higher, rampant crime driving up insurance while shutting down businesses, as well as Democrats killing jobs with bad policies and regulations… there are a LOT of red flags in today’s economy.

Even accounting for higher wages, the buying power of the average person is less than it was in 2020… while credit card debt keeps setting records.

We could go on, but you get the idea.

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Wes Walker

Wes Walker is the author of "Blueprint For a Government that Doesn't Suck". He has been lighting up since its inception in July of 2012. Follow on twitter: @Republicanuck