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According to the Wall Street Journal, economists including a Nobel Prize winner in economics jointly issued an open letter calling on American voters not to vote for candidate Trump. Economists say that if Trump is elected, it will be a disaster for the United States.
Economists pointed out that in his canvassing speeches in states such as Ohio and Michigan, Trump had stated that if elected, he would renegotiate trade agreements to increase manufacturing jobs. Economists, however, say the loss of manufacturing jobs stems mainly from the gradual automation of industrial processes rather than the decline in trade.
In addition, Trump said that the U.S. manufacturing industry is declining. However, economists say that U.S. manufacturing output has doubled since the beginning of the year. Furthermore, Trump said he would eliminate the fiscal deficit. However, economists pointed out that if Trump is elected, his tax plan will cause U.S. tax revenue to fall by US$1 trillion to US$1 trillion.
This open letter has attracted much attention mainly because it puts aside the vicious fighting between parties and instead focuses on criticizing Trump’s past remarks for misleading voters and using conspiracy theories to reduce the credibility of public institutions. credibility and deliberately spreading rumors instead of facing reality.
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Contact person: Mr. Zhang