• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Axios omits crucial details about economists who say Trump will destroy the economy
Economy

Axios omits crucial details about economists who say Trump will destroy the economy

by June 27, 2024
by June 27, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A letter signed by 16 top economists warning of the economic dangers of electing former President Trump, which is being amplified by the Biden campaign and other Biden surrogates, is littered with signatories who have either donated to Biden or supported him politically in the past.

‘While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump,’ the economists wrote in a letter first reported on by Axios this week that has been promoted by various members of the Biden campaign on X, formerly known as Twitter. 

The letter’s Nobel Prize-winning signatories show political donations to President Biden’s 2020 and 2024 campaigns. The signatories also donated tens of thousands of dollars to other Democrat candidates and signed previous letters supporting Biden’s agenda, including attacking ‘selfish and reckless’ Trump, a Fox News Digital review found.

Economist Joseph Stiglitz, the Columbia University professor who reportedly spearheaded the letter, previously signed a letter supporting Biden’s Build Back Better agenda and donated $1,250 to the Biden Victory Fund in 2020. 

Between 2004 and 2020, Stiglitz donated over $90,000 to Democrat candidates, FEC records show.

Georgetown University Professor George A. Akerlof, who is married to Biden’s Treasury Secretary Janet Yellen, donated $25,000 to the Biden Victory Fund and maxed out as a donor in 2020, giving the campaign $5,600.

Akerlof, who donated nearly $90,000 to Democrats between the 1990s and 2022, also signed a letter supporting Build Back Better, and signed a letter in 2020 calling Trump’s re-election effort ‘selfish and reckless.’

Harvard University economist and historian Claudia Goldin donated $500 to the Biden campaign in 2020 and 2024 and has donated over $8,000 to Democrats in recent years. Goldin also signed a 2020 letter endorsing the Biden campaign. 

Economist and mathematician Eric Maskin signed a 2020 letter expressing support for the Biden campaign’s agenda and donated $3,000 to Democrats in recent years, including Senate candidates Raphael Warnock, Beto O’Rourke and Jon Ossoff. 

When reached for comment on his background supporting Biden and Democrats, Maskin said, ‘Although I am a registered Democrat and have donated money to Democratic candidates on occasion, I have also voted for many Republicans over the years (including Bill Weld and Charlie Baker for governor of Massachusetts)’ in a statement to Fox News Digital.

He added that he considers himself to ‘be more a centrist than a strong partisan in either ideological direction’ and pointed to an op-ed he recently wrote against political polarization in favor of a Republican senator and ‘supported the 2020 Biden agenda on its economic merits and signed the recent letter for the same reasons.’

Paul Milgrom, an economist at Stanford University, also previously signed letters supporting Build Back Better and calling Trump’s 2020 campaign ‘selfish and reckless.’

Daniel McFadden, an economics professor at UC Berkeley, donated at least $4,500 to Democrats in 2020. He also signed onto a letter saying Biden’s Build Back Better plan will ‘ease’ inflation. He was also part of another letter endorsing Biden in 2020.

Roger Myerson, an economist at the University of Chicago, donated $2,350 to the Biden campaign in 2020 and $250 in 2024 on top of donating over $40,000 to Democrats between 2004 and 2024.

Myerson also previously signed a letter backing Build Back Better and Biden’s economic recovery agenda. The University of Chicago economist took to X after the letter was published, posting, ‘A dictator from day 1 would be bad for America, and we should testify to that fact as patriotic Americans.’

‘As economists we can testify that his policies would not help against inflation either,’ he added.

Economist Edmund S. Phelps wrote an article in 2020 called ‘The Economic Case for Biden’ and also said that everything Trump has stood for in the past has been a ‘disaster.’

Phelps has also donated to Democrats in the past, including a $1,500 donation to a Democratic House candidate and $25 to Pete Buttigieg.

Paul Romer, an economist at Boston College, has previously described the Trump years as ‘miserable’ and publicly supported his impeachment. Romer endorsed Biden in a 2020 letter, praised Biden’s pandemic plan, and signed a letter in support of Build Back Better.

Stanford University economist Alvin Roth also signed multiple letters opposing Trump and supported the letter that referred to him as ‘selfish and reckless’ on top of donating $1,250 to presidential candidate Barack Obama in 2008.

Nobel Prize-winning economist William Sharpe donated $500 to the Biden campaign and $500 to the Biden Victory Fund in 2020. Sharpe also signed a letter to business leaders in 2020 arguing that it was time to speak out against Trump and the ‘threat’ he ‘poses to the Republic.’

Robert Shiller, a Yale University economist, donated $1,000 to the Biden Victory Fund in 2020 and over $20,000 to Democrats in total in recent years. In 2019, Shiller said he would support any candidate over Trump.

Princeton University economist Christopher Sims donated $500 to the Biden Victory Fund in 2020 and over $9,000 to various Democrats. 

Two British economists on the list, Sir Oliver Hart and Sir Angus Deaton, signed a letter in support of Build Back Better. Hart endorsed Biden in 2020 and also signed the 2020 letter calling Trump ‘selfish and reckless.’

Several Biden campaign officials pounced on the story Tuesday morning to amplify the Axios report, including the Biden campaign’s rapid response adviser, James Singer, and campaign manager, Julie Chavez Rodriguez.

White House senior deputy press secretary Andrew Bates and other Biden surrogates also shared the report and quoted from it, including California Gov. Gavin Newsom.

Tim Murtaugh, who served as Trump’s 2020 campaign spokesman, mocked the report on social media Tuesday, saying, ‘How amazing that this happens just in time for Biden to reference it in the upcoming debate (it’s a good bet that he does).’

‘It’s almost as much of a stroke of luck as the letter from 51 intelligence officers claiming that Hunter’s laptop was Russian disinformation,’ Murtaugh continued. ‘Amazing.’

Axios did not note the previous political activism of the economists in the story nor did it note that one of the top signatories is married to Yellen.

Axios did not respond to a request for comment from Fox News Digital.

Fox News Digital reached out to the Biden campaign and all 16 economists for comment.

This post appeared first on FOX NEWS
You Might Also Like
  • MN Gov. Walz proposes $300M for public safety, $1B for affordable housing in budget plan
  • House Republicans keeping promise to lead extensive investigations into Biden admin
  • Russia will open election polling stations in US for citizens voting overseas this March
  • Bobulinski offered to testify at Hunter Biden grand jury, but ‘never heard back’: source
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Two Consumer Stocks Popping to New Swing Highs!
next post
House hearing exposes Biden FDA ‘politicization,’ fallout of rushed COVID vaccine approval for kids, military

You may also like

Manchin, Tester staff are the least diverse among Senate Democrats,...

July 15, 2023

China’s top diplomat traveling to Moscow as US-China tensions broil

February 21, 2023

House sinks Johnson-backed FISA renewal after Trump push

April 11, 2024

House Democrat calls for DOJ probe into Saudi-backed PGA-LIV merger,...

June 10, 2023

George Santos expelled: What happens to his House seat?

December 2, 2023

Biden says Israel will stop fighting in Gaza when Hamas...

November 17, 2023

Biden, White House blame Israel war for forgetting basic facts...

February 9, 2024

DHS calls for more agency volunteers to help process migrants...

August 6, 2023

Democratic leader has 2 words for Republicans looking to impeach...

March 29, 2024

Democrats plot coup to ‘save democracy,’ but what happens if...

July 20, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,875 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Vulnerable Democrat senator served as president...

    July 26, 2023

    Senate Democrats demand Chief Justice Roberts...

    April 11, 2023

    Former New Jersey Gov Chris Christie...

    June 7, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here