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 ...
Yeah, the NYT tried to make him look impartial by pointing out that he once worked for McCain [snort]
This company must have been paid to come up with this propaganda!
If Mr. Trump gets what he’s proposed, then the U.S. economy will produce many new jobs, higher employment, and higher stock prices. America will be well on its way to being great again.
Hard to imagine our economy not improving, given how bad it is now. Maybe Moody's should clearly state their assumptions, data, and methodology. They are making many unsupported assumptions I would guess.
Transcript of Pelosi, House Democratic Leaders, and Economists’ Press Conference Following Economic Forum
October 22, 2009by Speaker Nancy Pelosi
http://www.speaker.gov/newsroom/pressreleases?id=1414
Speaker Pelosi. Good afternoon. We just had a very instructive meeting with some leading economists about the number one subject on the minds of the American people: jobs. Jobs, jobs, jobs, and jobs...
Mark Zandi. Thank you, Madam Speaker. I want to thank you for the opportunity, and all the House leaders, for the opportunity to be here today. I thought it was a very fruitful meeting, and I made three points in the meeting. First, I think the fiscal stimulus, the recovery package, is working. I don’t think it is any accident that the recession has come to an end just about the same time that the stimulus is providing its maximum economic benefit. I think it has been very successful, most importantly the benefits to unemployed workers, as well as to help state government. I think that has been key, along with the other aspects of the stimulus.
The second point is that the recovery is still very fragile and still very tentative. I think the risks to the recovery are quite significant and the possibility of the economy slipping back into a recession next year are uncomfortably high for a number of reasons – most important of which is what is going on the job market, the fact that businesses while they are curtailing their layoffs, they have not begun to hire more aggressively. I think that is a function of a number of things, a lack of confidence, a lack of credit, and therefore I think, this gets to point number three, which is that it is very important for policy makers to remain aggressive and continue to do more, and I listed a number of things which I think would be very helpful.
Most obviously, I think extended unemployment insurance benefits should be extended through the end of 2010. Right now under the current stimulus they expire at the end of 2009, and they need to be extended. I think the first-time homebuyer tax credit should be extended into mid-next year to help support the housing market which is still incredibly fragile. I think accelerated depreciation of net operating loss carryback, which also expires at the end of this year should be extended into the 2010 and the conforming loan limits that are temporarily higher through the end of 2009 should be extended throue that the economy, the recovery is going to evolve into a self sustaining economic expansion.
And let me say this: I think our focus on the fiscal situation and deficit is very important in the long run, but I think it is also very appropriate to run a larger near term budget deficit to make sure that this economy gets out of this situation and gets on a self sustaining economic track. Thank you.
Moody’s is a political animal. They are not reliable in the financial markets.
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