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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (977597)	11/1/2016 9:42:51 PM
From: puborectalis	Read Replies (1) of 1575637

A group of prominent economists says Donald Trump is promoting “magical thinking” in his policy prescriptions — and they don’t mean it as a compliment. A letter from economists including Peter Diamond, who shared the 2010 Nobel prize and a nominee to the Federal Reserve, labels the Republican presidential nominee “a dangerous, destructive choice for the country” and urges voters to reject him on Election Day. Among the grounds cited by the economists are what they say is Trump’s degradation of trust in institutions like the Bureau of Labor Statistics; his misleading of voters in Ohio and Michigan about the effectiveness of renegotiating NAFTA on manufacturing jobs; and his use of immigration as a “red herring” to mislead voters about issues like wage stagnation. Trump Closes on Clinton as Election Day Nears(2:01)Donald Trump is gaining ground on Hillary Clinton after new revelations about the FBI's investigation of the Democratic candidate's private email server have come to light. WSJ's Gerald F. Seib discusses the new dynamic and if Trump has a chance on Nov. 8. Photo: AP Trump “promotes magical thinking and conspiracy theories over sober assessments of feasible economic policy options,” the letter reads. The Trump campaign ripped the economists who signed the letter as “pro-offshoring” and noted that the letter did not mention Hillary Clinton, Trump’s Democratic opponent. “You don’t need Econ 101 to know Hillary Clinton’s plan to raise taxes, increase regulation, raise energy and electricity prices by shutting down our fossil fuel industries, and continue to ship our jobs and factories overseas through bad trade deals will reduce growth, continue stagnant wages, and leave our government without the economic growth it needs to pay for everything from new infrastructure to national defense,” said Trump adviser Peter Navarro.

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