Author Topic: Larry Summers says Elizabeth's economics advisers are con artists  (Read 3356 times)

RuleNumberOne

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Larry Summers, Clinton's Treasury Secretary, Obama's NEC director, winner of the John Bates Clark Medal, Harvard President, Chief Economist of the World Bank, pointed out the crooked ways of Emmanuel Saez and Gabriel Zucman - Elizabeth's economics and tax plan advisers.

https://www.cnbc.com/2019/10/21/larry-summers-says-the-democrats-wealth-tax-has-little-chance.html

"He said the data behind Zucman and Saez’s widely reported claim in their new book that the top 400 richest Americans pay a lower rate than the bottom 50% is “substantially inaccurate and substantially misleading.” To prove the point, he said he applied their algorithm to his own tax return to calculate his wealth and “it was not within a country mile – either in toto or on a category-by-category basis.”

At the panel with Summers, Saez admitted that “our numbers may be wrong,” but that people could read their book to decide."

As a reminder, Saez devised Elizabeth's tax plans and is the economics adviser for her campaign. So far her tax plans pay for 3 weeks of Medicare for All. Saez has been tasked with finding another $30 trillion.


Gregmal

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #1 on: October 26, 2019, 09:47:07 AM »
No self respecting American will vote for Warren. We have a lot of losers in this country, but not enough to elect her. Yea Trump is a piece of shit, but at least he s in the ballpark of sound policy where it matters. People are not stupid enough to risk dealing with these policies, because at the end of the day, things aren’t really that bad right now.

no_free_lunch

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #2 on: October 26, 2019, 10:32:03 AM »
Yes she is a con but please learn something from the Canadian election . She is tapping legitimate grievances. Make sure you have a counter, don't just dismiss it.

In particular you really need to have some kind of plan around climate change. It doesn't have to cost federal money , can be regulations but don't just say we don't care.

Same with lgbt. Such an easy win.  You just have to respect their rights.

I'm off topic and venting but I'm telling you, many people are on the fence. Don't disregard them.

Gregmal

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #3 on: October 26, 2019, 10:51:00 AM »
The important angle to look at sizing up Warren's chances really comes down to jobs. Look at how many large pockets of employment, such as, but not limited to, energy and financials she is perceived to pose major risk to. Then you have housing and real estate based services, which again relies of free flowing capital and deregulation. Does anyone really think Warren could take Pennsylvania? She probably has a hard time even getting Virginia. Georgia and Texas which Democrats love to claim are in play she would have no shot. Florida? See ya. Colorado she'd have to fight for. Nevada, no way. Ohio, no way. She'd have a hard time getting 150 electoral college votes.


DTEJD1997

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #5 on: October 27, 2019, 10:10:41 AM »
The important angle to look at sizing up Warren's chances really comes down to jobs. Look at how many large pockets of employment, such as, but not limited to, energy and financials she is perceived to pose major risk to. Then you have housing and real estate based services, which again relies of free flowing capital and deregulation. Does anyone really think Warren could take Pennsylvania? She probably has a hard time even getting Virginia. Georgia and Texas which Democrats love to claim are in play she would have no shot. Florida? See ya. Colorado she'd have to fight for. Nevada, no way. Ohio, no way. She'd have a hard time getting 150 electoral college votes.

At this point, Elizabeth is not on too many "regular" peoples radar scopes.

If she keeps going, and the other candidates fall apart, she will be.

I would think her Indian heritage is going to be a problem, A big problem.  If Elizabeth gets into debates with Trump, it is going to be brought up again & again & again & again.  Think of all the agitators outside who are going to go into Indian war whoops, tomahawk chops, and all that silliness, over & over & over.

Then you've got her pregnancy firing false claims.  She is about 20-30 years too late with that strategy.

Then you've got her association with Harvard, and how she got there.  Here in flyover country, that is a detriment.

As big a personality and goof as Donald Trump is....he is MUCH more relatable to the common man than Warren ever could be.

I don't see her getting any traction in the Black community, nothing with the auto unions.  I'm sure if she is the candidate, she will get their "official" backing.  Just like with Hillary, what good is the "official" backing if individual group members have no enthusiasm OR actually dislike her?

If Warren is the candidate, I don't see how she could even come close to 150 electoral votes.  It would be a disaster of Biblical proportions for Democrats.

RuleNumberOne

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #6 on: October 27, 2019, 12:41:16 PM »
Biden keeps blowing himself up:

https://www.bloomberg.com/news/articles/2019-10-27/biden-suggests-he-d-be-a-one-term-president-campaign-update

"Joe Biden, among the front-runners for the 2020 Democratic nomination, suggested in an interview this weekend that if elected president, he might only serve one term.

...Biden said. “It doesn’t mean I would run a second term. I’m not going to make that judgment at this moment.”"

Gregmal

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #7 on: October 27, 2019, 03:38:52 PM »
https://www.cnbc.com/2019/10/25/elizabeth-warrens-wealth-tax-is-pretty-nuts-says-ron-baron.html

LOL Another one! I really didn't even think it was possible to have a worse candidate than Hillary Clinton. Somehow, these geniuses found like 10 of them!

Cardboard

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #8 on: October 27, 2019, 06:27:15 PM »
Even die hard leftists (well, billionaire hypocrites trying to advance their agenda) turn against her except of course scumbag Soros.


cameronfen

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Re: Larry Summers says Elizabeth's economics advisers are con artists
« Reply #9 on: October 27, 2019, 06:51:23 PM »
Back on topic: It should be noted that while some of their papers are controversial methodological-wise, if they keep up their productivity, they have a good shot at a Nobel Prize, so they aren't slouches either.  So while Larry Summers might have said some things, I have no doubt he still admires the output of Zucman and Saez as economists.