Posted on 06/22/2016 5:39:22 AM PDT by expat_panama
Hillary Clinton’s speech attacking Donald Trump’s economic proposals on Tuesday mentioned a new analysis that says his ideas — if enacted in full — would bring about a “lengthy recession” by the end of his first term.
That report, released on Monday by Moody’s Analytics...
“If Mr. Trump gets precisely what he’s proposed, then the U.S. economy will suffer meaningfully,” said... ... Moody’s Analytics. “It will result in a lot of lost jobs, higher unemployment, higher interest rates, lower stock prices.”...
... Zandi, the report’s lead author, is a registered Democrat who has donated to Mrs. Clinton. But he has worked the other side of the political aisle, too: In 2008, he advised the presidential campaign of Senator John McCain, Republican of Arizona.
...If all the policies were put into effect, the report said, the country would be plunged into a recession ... ...even longer than the Great Recession,” the authors write.
Trade would probably be the first area to be affected, Mr. Zandi said. Mr. Trump has proposed a 45 percent tariff on Chinese imports and a 35 percent tariff on imports from Mexico. This would drive the price of consumer goods higher...
...policy proposals often lack specificity, are rarely comprehensive, change as time goes on...
...But statements made on the campaign trail offer insight into how a politician might govern and deserve examination, Mr. Zandi said. “It’s about vetting ideas, proposals and putting them in the crucible of the public debate,” he said.
A similar report on Mrs. Clinton’s proposals is in the works.
(Excerpt) Read more at nytimes.com ...
That means Moody's got one hell of a bad track record.
mho
Ten bucks says that Moody’s has given money...lots of it...to Hillary’s campaign *and* the Clinton Crime Family Foundation.
Easy rebuttal for Trump: “How much did Hillary pay Moodys to get a report she liked? More than Bear Stearns paid in 2008?” :)
Didn’t the Obama regime threaten Moody’s when they mentioned downgrading America’s credit rating?
Figures don’t lie and these liars are just figuring.
We are in a lengthy recession you stupid cow
Europe is dying and you brought the plague to her shores
Their report’s got lots and lots of numbers; the format’s so boring that it looks like it was intentionally designed to put to sleep anyone who looked too close at it...
Know how to tell if Hillary is lying?
The true fraud is revealed in Econ 101.
The tax cuts more than pay for themselves via the increased business they stimulate.
Moody’s pretends lost revenue.
They said the exact same thing about Reagan’s economic positions when he was running for the office.
A McCain supporter is very close to a Clinton supporter in my book.
What I remember is that in Oct. of 2008 O used the downgrade as evidence that McCain's 'unpatriotic' deficits were making the U.S. go into default. --and a lot of people actually believed it! The payoff later was that there was no prosecution of Moody's bad calls before the crisis that duped thousands of unsuspecting investors who trusted Moody's.
Looks like the NYT still trusts Moody's today.
Trump aint my wonderboy but good God Hillary will be a disaster
“A McCain supporter is very close to a Clinton supporter in my book. “
“Advised” does not indicate he supported. McLame could have paid him to “advise” him how to appeal to hillary supporters........
The new, complex securities of "structured finance" used to finance subprime mortgages could not have been sold without ratings by the "Big Three" rating agencies — Moody's Investors Service, Standard & Poor's, and Fitch Ratings. A large section of the debt securities market — many money markets and pension funds — were restricted in their bylaws to holding only the safest securities — i.e securities the rating agencies designated "triple-A".[1]
The pools of debt the agencies gave their highest ratings to [2] included over three trillion dollars of loans to homebuyers with bad credit and undocumented incomes through 2007.[3] Hundreds of billions of dollars' worth of these triple-A securities were downgraded to "junk" status by 2010,[1][4][5] and the writedowns and losses came to over half a trillion dollars.[6][7]
This led "to the collapse or disappearance" in 2008-9 of three major investment banks (Bear Stearns, Lehman Brothers, and Merrill Lynch), and the federal governments buying of $700 billion of bad debt from distressed financial institutions.[7]
Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations (CDO)) based on "non-prime"—subprime or Alt-A -- mortgages loans.
--SNIP--more at WIKI
Like all those AAA Investment Grade ratings they gave out like candy to firms like AIG.
Mark Zandi was born in Atlanta, Georgia of Iranian descent and grew up in Radnor, Pennsylvania. His surname of “Zandi” comes from the Zand dynasty (formally known as the Zandieh dynasty), which ruled southern and south-central Iran (1750–1794) in the eighteenth century.
Wiki
No agenda there ...
I ran the report thru babblefish for you six times and got this, adding my cat’s unique commentary. Hope it helps.
Moody\\\ .com’s analytics 9 June 2016 ersxz generous boing! BOING! Meow! its currency flop, a prothesis that began last slumber, to China\\\ ‘s continuous running capitalist dog (hiss) the community foresaken thus, incidentally, and the progress is due to illegal rubber bands apropos etc., etc. Purr.
The same people who claim “deficits don’t matter” and are always advocating for more government spending are now attacking Trump because he will “increase the deficit.”
Zandi, the author of this report, is a big Democrat donor who recently (June 3rd) predicted that 200,000 jobs were created in May 2016 and the actual number was 38,000, so much for his predictions.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.