Economic Experts Back Harris, Caution Against Trump's Agenda

Over 400 economists and former White House advisors have endorsed Vice President Kamala Harris in the 2024 U.S. presidential election, warning against the economic policy agenda of former President Donald Trump. The endorsements, outlined in an open letter, highlight the stark contrast between Harris' and Trump's economic proposals and underscore the importance of economic issues in the upcoming election.


The endorsing economists, many of whom served in Democratic administrations, argue that the choice between Harris and Trump is clear. They contend that Harris' policies promote prosperity, opportunity, and stability, while Trump's agenda fosters inequity, economic injustice, and uncertainty. The letter serves as a powerful endorsement for Harris, bolstering her credibility on economic issues among undecided voters.


The economists' endorsements come as Democrats and Republicans vie to frame their respective candidates as the better option for the U.S. economy. High costs of living remain voters' top priority in national polls, making economic issues a critical factor in the election. The endorsements provide Harris with a strong talking point in her upcoming economy-focused speech, during which she is expected to unveil new policy proposals.


The endorsing economists have criticized several of Trump's economic proposals, including hardline tariffs on all imports, deep corporate tax cuts, and giving the president a say in Federal Reserve decisions about interest rates. These policies, they argue, would have detrimental effects on the U.S. economy, including increased inflation, decreased economic growth, and a weaker dollar.


The economists' past affiliations and political leanings play a significant role in their endorsements and the credibility of their arguments. Many of the signers, such as Harvard economist Jason Furman and former Federal Reserve vice chair Alan Blinder, have extensive experience in economic policy and are well-respected in their fields. Their endorsements carry weight and can influence undecided voters' perceptions of Harris' economic policies.


The endorsements from former White House advisors further strengthen Harris' credibility among undecided voters. These advisors, who have worked in Republican administrations, add a bipartisan dimension to the endorsements, making them more persuasive to voters who may be skeptical of Democratic Party-affiliated economists.


The economists' endorsements could significantly impact the election outcome by swaying undecided voters and shaping the media narrative surrounding Harris' economic policies and Trump's economic legacy. As the election draws near, the endorsements serve as a powerful reminder of the importance of economic issues and the stark contrast between Harris' and Trump's economic agendas.