Even Ben Stein is not amused by the Donald and debt

[bendog]

In all my years as an economist… I have never seen such nonsense as we just heard from Mr. Trump and it breaks my heart, it makes me want to cry,” economist and comedian Ben Stein said on television. LOL

Juan Williams: Trump, false promises and the economy

And the scary thing is he's out polling Hillary on the economy.

 

[Mac1958]

In all my years as an economist… I have never seen such nonsense as we just heard from Mr. Trump and it breaks my heart, it makes me want to cry,” economist and comedian Ben Stein said on television. LOL

Juan Williams: Trump, false promises and the economy

And the scary thing is he's out polling Hillary on the economy.

People tend to think in linear terms, so because Trump is a businessman, they assume he'd be proficient at running a nation's economy.

Well, to begin with, his overall business performance during his lifetime isn't really all that fantastic, given the fact that he started off with a fortune. And secondly, he's already tossed out two ideas that terrify markets: Essentially starting a trade war with China over tariffs, and inflating our way out of debt. These are not the musings of someone who considers the ramifications of their ideas.

We can only hope that, if he indeed wins the election, he'll have someone around him with considerable macroeconomic experience and success. Someone who can carefully talk him out of his shallow, naive economic ideas.
.

 

[bendog]

In all my years as an economist… I have never seen such nonsense as we just heard from Mr. Trump and it breaks my heart, it makes me want to cry,” economist and comedian Ben Stein said on television. LOL

Juan Williams: Trump, false promises and the economy

And the scary thing is he's out polling Hillary on the economy.

People tend to think in linear terms, so because Trump is a businessman, they assume he'd be proficient at running a nation's economy.

Well, to begin with, his overall business performance during his lifetime isn't really all that fantastic, given the fact that he started off with a fortune. And secondly, he's already tossed out two ideas that terrify markets: Essentially starting a trade war with China over tariffs, and inflating our way out of debt. These are not the musings of someone who considers the ramifications of their ideas.

We can only hope that, if he indeed wins the election, he'll have someone around him with considerable macroeconomic experience and success. Someone who can carefully talk him out of his shallow, naive economic ideas.
.

Who knows. I have to admit that open trade with China bothers me. Japan refuses to open it's markets, but they don't dump or manipulate their own currency. China is unique in that it's neither communist nor capitalist, nor socialist But mainly slave labor is wrong. Every post-industrial nation went through having sweat shops. I thought free trade should only be with countries that have some basic concept of workers rights. Even if there's no collective bargaining, then at least some minimum wage and accessible health care and education ..... but the gop actually doesn't want that in the US, at least not to the tune of what Trump supporters want.

Hillary is tied to Nafta. Nafta's evil is that it allows US companies to use under paid foreign labor for the less technological jobs. Left on it's own, Mexico isn't gonna flood the auto market with a bunch of lower end cars. But without Mexico, Ford and GM will not be able offer the products they can now. Nobody has an answer for that.

 

[Stephanie]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

 

[g5000]

Herbert Hoover was a successful businessman, too.

 

[g5000]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

I doubt you know.

 

[Indeependent]

I'm old enough to remember when Ben Stein was relevant...to Visine.

 

[HappyJoy]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

 

[Indeependent]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

 

[bendog]

I'm old enough to remember when Ben Stein was relevant...to Visine.

Not only do all economists know Trump's an idiot, even the irrelevant ones know too.

 

[BluesLegend]

Yet another retard professes to know better than Trump, shocker. People if we do not take our manufacturing base back, if we continue to let countries like China and Mexico walk all over us the United States will fail.

 

[Indeependent]

I'm old enough to remember when Ben Stein was relevant...to Visine.

Not only do all economists know Trump's an idiot, even the irrelevant ones know too.

Yes, unlike the great GW and Obama economists.

 

[bendog]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

Exactly so. Even Ben Stein knows Donald's a fraud.

 

[bendog]

I'm old enough to remember when Ben Stein was relevant...to Visine.

Not only do all economists know Trump's an idiot, even the irrelevant ones know too.

Yes, unlike the great GW and Obama economists.

And all agree Trump's a dump.

 

[Indeependent]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

Exactly so. Even Ben Stein knows Donald's a fraud.

Even Ben Stein knows Ben Stein's a fraud.
In fact, anyone who makes a buck by speaking is a fraud.

 

[HappyJoy]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

Yeah, I don't disagree with that.

 

[bendog]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

Exactly so. Even Ben Stein knows Donald's a fraud.

Even Ben Stein knows Ben Stein's a fraud.
In fact, anyone who makes a buck by speaking is a fraud.

Got any first string economists who think restructuring the debt through a haircut's a good idea? LOL

 

[Indeependent]

He should stick to hawking eye drops. I doubt many knows who he is outside of that.

Yeah, that's all Ben Stein ever did. I'm not a big fan of his but at least I know his past, his experience and that he is not a complete dolt like today's wingnuts.

Ben Stein was spurned by the Media for the six months after the crash because he blamed the banks.
After he changed his tune to blame the borrowers he started getting invited onto talk shows again.
He's as much as a money whore as anyone else.

Exactly so. Even Ben Stein knows Donald's a fraud.

Even Ben Stein knows Ben Stein's a fraud.
In fact, anyone who makes a buck by speaking is a fraud.

Got any first string economists who think restructuring the debt through a haircut's a good idea? LOL

Are you referring to how financial firms do "Haircutting" during overnight batch runs to manipulate accounts and not share the proceeds with their depositors?

 

[bendog]

Herbert Hoover was a successful businessman, too.

Imo that's a little unfair to Hoover. He did manage the post WWI relief effort in Europe, and he led the relief effort in response to the 1927 Mississippi Flood. Hoover did respond to the Great Depression with unprecedented public works projects. The tools he had were not sufficient. As Friedman eventually proved, the gold standard inevitably caused deflation. The monatarists and new-monatarists of today might have better intervened that did Keynes, but unless a nation has the ability to control its own money supply, then the only response to deflation is to have the govt consume so much the economy goes to near full output. Of course, the question today is whether QE will allow us to control our money supply.

 

[Mac1958]

People here clearly don't appreciate Stein's greatest triumph, below.

That said, he's not the only economist who's worried about Trump.