Tag Archives: Donald Trump

Clinton a Better Choice for Business Say Economists

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A survey conducted by the National Association for Business Economics showed that Hillary Clinton is the preferred candidate for president of the US by 55 percent to an embarrassing 14 percent for Donald Trump. As a matter of fact, Trump was not the second choice. Third party Libertarian candidate Gary Johnson had more support than Trump, with 15 percent saying they would prefer to see him as president. An additional 15 percent said they did not know or had no opinion.

The survey was conducted from July 20 to August 2 and included the views of 414 members of NABE.

Some of Trump’s policies seem to be contributing to his lack of support. Whereas Trump says he would like to nullify or severely restrict the North American Free Trade Agreement, 65 percent of business economists say US trade policy should be even more open and free versus only 9 percent who agree with Trump that trade should be more protectionist.

Trump has expressed a desire to deport illegal immigrants, but the NABE survey showed that only 8 percent agreed with that sentiment, while 64 percent said they would like to see a program to legalize undocumented immigrants who already live in the US.

Trump Suggests the US Solve its Debt Problem by Printing More Money

Economy, , , ,
Deutschland
In der Geldauflieferungsstelle der Reichsbank in Berlin.
(Aufnahme: Oktober 1923) Geldauflieferungsstelle der Reichsbank in Berlin.
(Aufnahme: Oktober 1923)
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During an interview on Fox Business  Donald Trump quoted newspapers who had claimed that “Trump wants to go and start negotiating with creditors.” His answer: “You don’t have to think about this, but we print the money.”

He repeated the same sentiment on CNN:

“People said I want to go and buy debt and default on debt — these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, OK? So there’s never a default.”

News outlets such as the New York Times annoyed Trump, the presumptive Republican candidate for president, when they suggested that Trump wanted to reduce the national debt by convincing creditors to accept less than full payment. The report said that such statements are a totally new frontier for modern political candidates.

Those remarks were based on an interview Trump gage to CNBC last week. He was asked whether the US should pay its debt in full, or maybe negotiate a partial repayment. Trump’s answer was:

“I would borrow, knowing that if the economy crashed, you could make a deal.”

Trump has described himself as the “king of debt” but added that debt is “tricky” and can be “dangerous.”

“I know how to deal with debt very well — I love debt — but, you know, debt is tricky, and it’s dangerous, and you have to be careful, and you have to know what you’re doing,” he said.