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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Presents Medal of Freedom to Economist Who Blamed Obama for 2008 Crash
By Connor Mannion Jun 19th, 2019, 5:27 pm
President Donald Trump presented the Presidential Medal of Freedom to conservative economist and former campaign adviser Arthur Laffer today.
Link to tweet
Laffer is a frequent guest on cable news shows, and recently appeared on Fox News to apparently blame the Great Recession on Barack Obamas election and predict another recession if Trump loses re-election.
The stock market looks forward. And if they see an Obama coming into office theyll crash, and thats what led to the great recession, he said in April. Im going to look at it very carefully in March of 2020 to make sure that Trumps going to get reelected, otherwise Im going to move my portfolio and make it a much more risk-free portfolio.
Laffer is best known for developing the Laffer curve, which theorizes that reducing or increasing taxes beyond a certain point will not increase government revenue, a key influence in President Ronald Reagans economic policies.
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https://www.mediaite.com/trump/trump-presents-medal-of-freedom-to-economist-who-blamed-obama-for-2008-crash/
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Trump Presents Medal of Freedom to Economist Who Blamed Obama for 2008 Crash (Original Post)
DonViejo
Jun 2019
OP
ProudMNDemocrat
(16,786 posts)1. Ignorant of History, Donnie....
George W. Bush was President then. Google it.
Botany
(70,516 posts)2. Laffer knows he is lying but it puts money into his pockets.
w bush was President when the crash hit and it was before the election too
but to the brain dead Fox watchers they will all buy into the "it was the black
man's fault" nonsense.
BTW how did the markets do under Obama Mr. Gaffer? I think they more than
doubled.
shanny
(6,709 posts)3. Welp, Greenspan already has one
so this makes total sense.
Seriously, like the WH Correspondents Dinner, this is a tradition I could go without.
Kid Berwyn
(14,909 posts)4. Trillions in Trickle Down Welfare for the Wealthy.
MythosMaster
(445 posts)5. Further deminishing the honor
Of the office. So sad..