U.S. Economy Would Be ‘Diminished’ Under Trump’s Economic Plan, New Analysis Says
A new analysis concludes Donald Trump’s economic proposals, taken at face value, could produce a prolonged recession and heavy job losses that would fall hardest on low- and middle-income workers.
The Moody’s Analytics report, which a person close to the Trump campaign strongly disputed, is the first that attempts to quantify the cumulative economic benefits and costs of Mr. Trump’s proposals on taxes, trade, immigration and spending. It determines that full adoption of those policies would sharply reduce economic output during his first term and reduce employment by 3.5 million jobs.
Under almost any scenario, the report says, “the U.S. economy will be more isolated and diminished.”http://blogs.wsj.com/economics/2016/06/20/u-s-economy-would-be-diminished-under-trumps-economic-plan-new-analysis-says/