PeterS

Republican presidential nominee Donald Trump, who has broken with many of the GOP’s traditional positions on economic policy, garners no support from any of the White House economists who have advised U.S. presidents for the past half-century.

The Wall Street Journal this month reached out to all 45 surviving former members of the White House Council of Economic Advisers under the past eight presidents, going back to Richard Nixon, to get their views on this year’s presidential election.

Among 17 Republican appointees who responded to Journal inquiries, none said they supported Mr. Trump. Six said they did not support Mr. Trump and 11 declined to say either way. An additional six did not respond to repeated messages. Among the 20 Democrats who responded to the Journal, 13 said they supported Mrs. Clinton, none said they opposed her and seven declined to say either way. Two Democratic appointees didn’t respond to messages.

http://blogs.wsj.com/economics/2016/08/25/economists-whove-advised-presidents-are-no-fans-of-donald-trump/

Not a single past Economic Adviser to the President liked Trump and many even went so far as to say his policies would cause a world recession. My, my...

Boo_Boo Loc: Jellystone

Yep and they have advised presidents so well that we are trillions of dollars in debt and basically print money without any notion of how to back it..... along with borrowing money with no plan or probable intent to repay the loan..... just make interest payments. We have seen their work in our credit rating falling.... did the government fix the problem....no, they just hired a new firm in 2011 that would give more positive ratings. Perhaps it is time to ignore these people and find a better way!

crazylibertarian Loc: Florida by way of New York & Rhode Island

With perhaps a few exceptions, they are from the discredited Keynesian School.

old woman

Every body who is opposing Donald Trump are big supporters of One World Order they never have a business and they are Marxists and I will not give deme about Country they will louse there jobs

mwdegutis Loc: Illinois

Are these the same economists that are saying that our economy is doing so great?

Sonny Magoo Loc: Where pot pie is boiled in a kettle

So the economic advisers of the oligarchy and present day screw overs of the working man, are against Trump...wowo what a surprise! I HEAR A TRAIN.

PeterS

As so if we discredit those who advise our presidents we make our buffoon of a presidential candidate look better eh PL? If you can't attack the message you attack the messenger. Your a smart girl PL, what kind of logical fallacy are you playing with? As for our credit rating, that fell because the conservative idiots in congress threatened to stop paying debt not because of the economists who advise the president. And our debt being so large it's because whenever we are in the position to start paying it off we give ourselves a tax cut instead. Again, that has zero to do with the economists advising the president (well some of the conservative economists did advise for tax cuts--the idiots) and more about not understanding about how one pays off borrowed monies.

pafret Loc: Northeast

Pennylynn's statement is not a "logical fallacy", it is a recognition of reality. This is the same council of advisors that encouraged Nixon to take us off the gold standard instead of reducing federal expenditures, thus replacing money with fiat garbage money, of fluctuating value. These same advisors allowed Lyndon Johnson to lie to the American people and tell them that we could afford "guns and butter". These same advisors proclaimed that the Ponzi scheme, gambling, criminal banks were "too big to fail" and saddled the American people with their debt while allowing them to keep their obscene profits.

Their only response to every economic situation is to print more money and steal the value of the savings of the people with negative interest rates. Their economic policies have not produced wealth and prosperity but instead have destroyed the indidual's ability to work and save for his own needs. These policies, based on their advice, have and reduced almost fifty percent of the population to mendicant status. Totally dependent on the government dole.


Opposition from this group of incompetents constitutes an endorsement. In reality, there will probably be a global economic meltdown no matter who is elected. Every major nation in the world has engaged in the same stupidity that we have and they are all holding their breath waiting for someone to call for payment, of the insane amounts, of debt that have been incurred.

missinglink Loc: Tralfamadore

crazylibertarian Loc: Florida by way of New York & Rhode Island

And what renowned school of economics did you attend PeterS? The Fidel Castro Institute

missinglink Loc: Tralfamadore

Ya that one.

vernon

20 well since they hate trump,just look at their record at guiding our economy. 20 trillion debt,this country hasn't had the energy to increase wages but we have lost ground in wages.we have rioting in the streets which is largely govt created.we have lost control of our borders which has increased terror and helped lower wages.the military has just about been destroyrd and there is no help in sight for them.the economy has only grown only i.i % for the last 9 quarters , were the economist when they should be advising,answer, playing politics.there is much more but my fingers are tired.

PeterS

Ah, so the advisers set up a ponzi scheme whereby they reap ungodly amounts of money? Damn, that's a great gig if you can get it! And no, those policies haven't destroyed our ability to save for our own needs. Whats done that is a drastic shift in income growth upwards and away from the lower and middle classes. But that's what you republicans wanted right because the wealthy work so hard to provide jobs for all the underlings and if they have more money they can keep us employed right? It's only right that those who own all the productivity should reap all the benefits from its gains, correct! But that has nothing to do with the ponzi scheme you are referring to and more to the shift in economic policy--one that encourages wealth at the top while discouraging income growth at the bottom. Besides, we don't want all them brown and black bottom suckers to get any of OUR money do we....pfsst...

crazylibertarian Loc: Florida by way of New York & Rhode Island

No, it's the Democrats who have done their best to destroy the middle class. But congratulations on your ability to distort reality.

pafret Loc: Northeast

Who are you calling a Republican Pete? I have been a registered independent for 79 years. Income growth by the 1% is not the cause of loss of purchasing power, it is the printing of money which has no intrinsic value which the government borrows and spends in its myriad insane ways. Those moneys debase the value of our currency; the bonds the Fed Reserve sells to cover the moneys printed are purchased by banks and they are the minions of the one per cent. So the cycle is that the govt requests money which exceeds income, the banks print and provide the money accepting bonds from the govt bearing interest which then becomes the debt of the people. The banks and their owners then are in position to make money off thin air -- the money they don't even bother to print (a few keystrokes in an electronic data base) reaps untold wealth for them. This results in income growth for the one percent, debt for the rest of us and too much fiat money which reduces the value of all money holdings.

"The Federal Reserve is a collection of malicious, serial liars, engaging in economic treason. The evidence is absolutely conclusive. However, in building a case for any crime, a central question is always motive. Why has the Federal Reserve engaged in this economic treason, and also engaged in a serial campaign of deceit to hide its economic treason? Regular readers could answer this question in their sleep. The central bankers of the Federal Reserve, and the central bankers of all of the West’s central banks (and most of the world’s central banks) are all highly valued employees of the banking crime syndicate known as “the One Bank”.




"Give me control of a nation’s money supply, and I care not who makes the laws."

- Mayer Amschel Rothschild, banker (1744 – 1812)




What was the reasoning behind the boast of this oligarch of financial crime? It could not be simpler. Control the printing press of a nation, and you can buy all of the politicians . Hand the control of all of our printing presses to a Crime Syndicate, and you create government-by-Crime-Syndicate, aka “fascism.”




Central bankers steal via inflation (for the benefit of their Masters). They have already confessed to the crime, as regular readers are well aware. For the benefit of newer readers, that confession will be repeated one more time.




"In the absence of the gold standard, there is no way to

protect savings from confiscation [i.e. theft] through inflation."

- Alan Greenspan, 1966




Informed readers already understand that the actual/correct definition of inflation is an increase in the supply of money. The central bankers steal by printing money. The more they print, the more they steal. It is the fundamental equation of monetary crime.




In 2008 the Federal Reserve began money-printing (and thus wealth-stealing) at an unprecedented rate. It has vowed to never stop such stealing until the U.S. economy gets stronger, while its policies must make the economy weaker and weaker. Here the Apologists for these central bankers will interject. The Federal Reserve has “tapered” its extreme money-printing, claim the Apologists. Thus it has “tapered” the rate at which it is stealing the wealth of all Americans. No, it has not."

This is a link to the full article

Infinite counterfeiting = infinite money-printing = infinite theft.

The Federal Reserve’s current “monetary policy” is not aimed at stealing merely some of the wealth of the U.S. population. It is aimed at stealing all of the wealth of the U.S. population. And these Criminals have already promised us (again and again) that this crime will never end– not until they are finished.”

This is a link to the full article

- http://www.zerohedge.com