[quote=carli]Wall St Journal reported today on Moody’s recent analysis of Trump’s economic proposals, saying their report “is the first that attempts to quantify the cumulative economic benefits and costs of Mr. Trump’s proposals on taxes, trade, immigration and spending.”
Bottom line? WSJ writes the Moody’s report “determines that full adoption of those [Trump’s] 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.'”
Also, “The report singles out [Trump’s] trade and immigration policies as the most detrimental to the economy in the short run because they could sharply boost labor and goods prices at a time when there’s less slack in the labor market.”
Wow, what a dealmaker Trump is. A dealmaker of very bad deals for Americans.[/quote]
His protectionist policies most certainly would reduce economic activity in the short term. If he did anything about the medical monopolies in this country it would reduce economic activity. The question is would the country be better off in the long term. Doing something about the medical monopolies and costs associated with those monopolies would be a huge relief to the taxpayers and insurance rates over the long term. Unfortunately in the short term you’d put hundreds of thousands of paper pushers working in those industries out of work. There would be a painful readjustment.
I do think that whomever gets elected in this election is likely a one term president. Mostly because I expect a fairly significant economic dislocation to happen within the next 4 years and the government/fed unable to respond to it in an effective manner. Economic concerns are behind the Sanders and Trump movement. A more likable outsider that focused on economic issues would crush this field.