The same day Hillary Clinton will face off against Donald Trump in the first presidential debate, more than 300 economists blasted Hillary Clinton’s economic agenda in The Hill.
“Hillary Clinton's economic agenda is wrong for America,” write James Carter, former Chief Economist of the U.S. Senate Budget Committee. Carter wrote a piece for The Hill on Sept. 26, to which hundreds of other economists signed their name. Their argument was that the U.S. cannot afford “four more years” of Obama-style economic policies.
The 305 economists said that Clinton promised “to repeat almost all of [President] Obama's policy mistakes," and would stifle economic growth needed to create jobs. Citing Clinton’s plan to raise the minimum wage, hike taxes and “continue the Obama administration’s regulatory assault,” the economists said her agenda threatens prosperity.
“Her outdated policy prescriptions won't return our economy to the faster growth rates it once enjoyed,” Carter wrote.
The list of signatories included economists from the top universities including MIT, Princeton, Stanford and Yale. Collectively, they slammed President Obama’s administration for creating “one of the slowest recoveries on record.”
“The U.S. economy is underperforming. Misguided federal policies have produced one of the slowest recoveries on record. Since early 2009, the economy has grown at an average annual rate of 2 percent. It could and should be growing 3 to 4 percent,” they wrote.
Despite that poor economic record, liberal media have helped downplay it by ignoring negative economic news. ABC, CBS and NBC ignored lackluster growth, in particular, during the 2016 presidential election season.
After GDP growth slowed in the first quarter of 2016, ABC, CBS and NBC ignored the news. The BBC reported that business investment, which drove the decline in GDP growth, experienced its steepest drop since the 2009 financial crisis.
But that wasn’t even the first time the media kept quiet about Obama’s weak economic growth during an election season. For six straight months in 2012, ABC, CBS, and NBC skipped the nation’s declining GDP.