General Election 2024

Quote: Tanko

The list of usual suspects.

Economics is the only profession where someone can be wrong 100% of the time and still win a prize, let alone keep their job.

Stiglitz praised the economic policies of Venezuelan President Hugo Chávez. 'Continually Mistaken, Chronically Admired'

Banjeree in 2019, said there is no basis to believe corporate tax cuts are good for the economy. Despite the economy already surging after the tax cuts. 'Why Nobel laureate Abhijit Banerjee is wrong about corporate tax cuts'

Janet Yellen. PhD Yale said in 2021. "The inflation is transitory". Later publicly regretted that statement.

Shiller predicted a market correction in 2014, claiming stocks, bonds and housing were over priced. The Dow went up six straight years after that, for another 12,000 points.

Economists made the same dire predictions about Trump in 2016.

'Trump's policies likely lead to one unavoidable economic reaction: inflation'

'Donald Trump may kill the global recovery'

'Fed, wary of inflation, could lean against Trump tax cut'

What happened between 2017 and 2019?

Real median income increased a record 6.8% and reached an all time high of $68,700 in 2019.

Real median income grew by 7.9 percent for black Americans, 7.1 percent for Hispanic Americans, and 10.6 percent for Asian Americans (see Figure 1). These one-year increases were all record highs, and the new income levels reached in 2019 were all record highs, as well.

The official poverty rate fell to an all-time record low of 10.5 percent in 2019. Over 4 million people were lifted out of poverty between 2018 and 2019 for a 1.3 percentage point decrease. This was the largest reduction in poverty in over 50 years.

The poverty rate fell to an all-time record low for every race and ethnic group in 2019. Notably, the black poverty rate fell below 20 percent for the first time in history.

The 1.2 million black Americans lifted out of poverty since 2016 is also the largest reduction on record—spanning over 50 years—for the first 3 years of any President’s administration.

Children fared even better than the overall population. Child poverty fell to a near 50-year low in 2019, falling by 1.8 percentage points to 14.4 percent. Since 2016, 2.8 million children have been lifted out of poverty, including over 1 million Hispanic children.

Quote: Tanko

Janet Yellen. PhD Yale said in 2021. "The inflation is transitory". Later publicly regretted that statement.

Quote: ams288

Kamala is holding a campaign rally in Houston TX on Friday.

Honestly not sure what to make of this.

Quote: ams288

Kamala is holding a campaign rally in Houston TX on Friday.

Honestly not sure what to make of this.

Quote:

Elon Musk, billionaire CEO of Tesla and SpaceX, is facing scrutiny following a recent report by The Wall Street Journal alleging regular communications between him and Russian President Vladimir Putin since late 2022.

Quote: ams288

Kamala is holding a campaign rally in Houston TX on Friday.

Honestly not sure what to make of this.