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.
I’d like to know how many of these economists failed to predict inflation being a problem back in 2020, how many of them claimed inflation was going to be “transitory” when it did show up. Nobody who failed to predict those two predictable things gets any say in economic policy moving forward because they’re stupid.
Real talk: Biden and Trump will be doing similar things in terms of not doing the stuff actually needed to not destroy the economy imminently. They’ll both run up debts like they did, they’ll both rack up spending like they did.
That’s right - I was even listening to Timcast and he expressed his own skepticism towards the ability to save the economy.
Especially consider that the petrodollar is now broken - something that could really help the US economy recover in the long term.
The ability for us to combat this is weakening.