Reagan-era economist laughably predicts 47-state ‘landslide’ for GOP in 2016 election
A conservative economist, noted for providing the basis for the supply-side theory of economics that became the hallmark of the Reagan administration, predicted that the GOP may be looking at a 47-state landslide win come the November elections.
According to The Hill, former chief economist at the Office of Management and Budget, Arther Laffer, claimed that the day for former Secretary of State Hillary Clinton to became president has passed — which is good news for Republicans.
“I would be surprised if the Republicans don’t take 45, 46, 47 states out of the 50,” Laffer said on “The Cats Roundtable” on New York’s AM-970 on Sunday.
Laffer added that, regardless of whom the GOP picks as their nominee, “I mean, I think we’re going to landslide this election.”
The economist rose from obscurity in the 70’s after he explained — drawing it on a napkin — what became known as the “Laffer curve” that promulgated that lower taxes would lead to increased tax revenues.
Laffer’s theory was embraced by the Reagan administration which proceeded to cut taxes while running up the national debt.
During his Sunday interview, Laffer praised the Republican field saying, “When I look at these candidates, I don’t see one of them who wouldn’t do a great job as president.”
“I think Donald Trump is phenomenal, I think Rand Paul has done a great job, I even like Jeb Bush — I think Jeb Bush is great, he did a wonderful job in Florida,” he added. “Chris Christie – phenomenal.”
Turning to Democratic primary front-runner Hillary Clinton, Laffer said her “day is over.”
“She would be defeated handily. I don’t think Hillary’s going to win this election no matter whom she runs against,” he said. “I mean, Hillary’s day is over.
“I think she’s a very impressive person, she’s very articulate, very well educated, got a great resume and all of that, but her policies are not good. And it’s about issues, not about people, and her day has gone,” he added.