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.
