Nobel Laureate economist Joseph Stiglitz
Credit: Reuters/Edgard Garrido
President Donald Trump told business and political leaders in Davos, Switzerland last week that the economy under his tenure has lifted up working- and middle-class Americans. In a newly released interview, Nobel Prize-winning economist Joseph Stiglitz sharply disagreed, saying Trump’s characterization is “just wrong.”
“The Washington Post has kept a tab of how many lies and misrepresentations he does a day,” Stiglitz said of Trump last Friday at the annual World Economic Forum. “I think he outdid himself.”
In Davos last Tuesday, Trump said he has presided over a “blue-collar boom,” citing a historically low unemployment rate and surging wage growth among workers at the bottom of the pay scale.
“The American Dream is back — bigger, better, and stronger than ever before,” Trump said. “No one is benefitting more than America’s middle class.”
Stiglitz, a professor at Columbia University who won the Nobel Prize in 2001, refuted the claim, saying the […]
The only people that think we are doing good socially are the Millionaires and Billionaires who are the only one who benefit from the Trumplicans and Republican “Know-Nothings”. The rest of us are suffering from the moves that Trump and his allies have done to our country in so many ways I cannot even count them.
Why is it the worst of us are in charge? Why is it that 40% more or less support this corruption? Profits before people is the materialist dream come true with this lot. They continue to wreak all the good done over generations while building out the dictatorship that has been latent for sometime.