More than 700 economists including Nobel laureates oppose Trump reelection

Over 700 economists, including several Nobel Prize laureates, have come out against President Trump’s reelection bid.

“In just one term in office, Donald Trump has rendered the United States unrecognizable, and has faced no consequences for doing so,” the economists wrote in an open letter, which will be updated until the Election Day.

The signatories describe Trump’s time in office as a “sustained assault” on democracy and his coronavirus pandemic response as full of “dangerous misinformation.”

“For these reasons, we strongly recommend that the electorate do what no one else can: reclaim your democracy by voting to remove Donald Trump from office,” the economists wrote.

Prominent economists such as Nobel laureates Paul Milgrom, Oliver Hart and Alvin Roth were among those who signed the letter.

In its response, the Trump campaign accused the group of saying little about Democratic presidential candidate Joe Biden.

“It speaks volumes that in their baseless admonition of President Trump, these left-wing academics couldn’t name a single reason why they believe Joe Biden would do anything positive for the American economy,” Trump campaign spokesperson Samantha Zager told CNN Business in an interview published Thursday.

During Thursday’s final presidential debate, Trump doubled down against Biden’s approach to handling the U.S. economy, alleging the former vice president would drive the country into a depression “the likes of which you’ve never seen before.”

Zager echoed Trump’s talking points in a statement to CNN, saying, “Joe Biden led the slowest economic recovery since the Great Depression and promises to tax Americans into oblivion and shut our nation back down as we rebuild our economy.” 

The letter also cited reports from economists at Moody’s Analytics and Goldman Sachs, who have reportedly found Biden’s policy proposals would spur faster economic growth and recovery.