Posted on 09/13/2024 6:42:00 AM PDT by SeekAndFind
On the Tuesday night debate stage, Kamala continuously lied about things like Trump being a big supporter of Project 2025 and repeating the “bloodbath” and “very fine people” hoaxes; but she also touted a report from Goldman Sachs saying the economy would be better under her than Trump.
But getting to the truth with Democrats is not always as straightforward as it should be; it is like extracting an answer from Kamala on whether Americans are better off today than when Biden-Harris took office. (She refused to answer because the answer was obvious.) No, Americans aren’t better off.
People should read this article summarizing the report’s position, excerpted below, and look for what is missing:
Goldman Sachs sees biggest boost to US economy from Harris win
U.S. economic growth would likely get the biggest boost in the coming two years from the Democrats, headed by Kamala Harris, winning the White House and Congress in this November's elections, according to Goldman Sachs.
Under a Republican sweep, or even with a divided government led by Donald Trump, economic output would take a hit next year, mostly from increased tariffs on imports and tighter immigration policies, Goldman said in a note late on Tuesday.
…
‘We estimate that if Trump wins in a sweep or with divided government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse, resulting in a peak hit to GDP growth of -0.5pp in 2025H2 that abates in 2026.’
‘If Democrats sweep, new spending and expanded middle-income tax credits would slightly more than offset lower investment due to higher corporate tax rates, resulting in a very slight boost to GDP investment due to higher corporate tax rates, resulting in a very slight boost to GDP growth on average over 2025-2026.’
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(Excerpt) Read more at americanthinker.com ...
So, what is missing from the report? Well first of all, any reference to factual data from Trump’s four years in office versus Kamala’s term, of which we are still in the midst. All this report has is predictions. It is a true shame that so many supposedly intelligent people will ignore historical trends and data when “experts” report on things like the economy or the climate.
Not to mention that a Trump win will lead to massive rioting in many major (read Blue) states and cities leading to a slower than anticipated recovery.
BTTT
Something is missing from the demonrats. They have no souls.
Did the report mention that Harris wants to impose price controls and tax unrealized capital gains?
Having Joe Biden or Kamala Harris the cash or the credit card in your wallet or purse and giving it to someone else will boost the GDP, but you’ll be the poorer for it.
We all read the same crap in 2016, they were wrong then as they are wrong now. Trump knows how to make a buck, Harris and her ilk only know how to either pass the buck, or give other peoples bucks away. All these people the left saying in government coming out against Trump are all scared of losing their jobs for being incompetent, that goes for the military leadership that are still in charge after the afghanistan withdrawal debacle. True leaders would of fell on their swords and resigned after that shit show.
“A Trump win would likely lead to increased tariffs on auto imports from China, Mexico and the European Union that would raise core inflation, Goldman says.”
Goldman, Sachs folks can afford a BMW.
Take a look around Detroit and see the cost of not having tariffs or insisting on international trade financial balance.
When I was young, the US & Canada had a financially balanced motor vehicle industry. US auto products flowed to Canada in exchange for Canadian auto products of like value. Windsor, Ontario and Wayne County, Michigan both benefited from that financially balanced arrangement.
It’s better for America in general if we spend more money and buy American products, than allowing the chinese to undercut American businesses. Chinese made products made by cheap chinese labor are what destroyed much of Amrerica’s manufacturing businesses over the years.
What else isn’t being reported. No talk of slavery and exploitation of illegal aliens. US business needs protection from countries and businesses that employ slave labor such as China etc. Democrats keep raising the cost of labor in the US while giving China freedom to use slaves. It is simple insanity, we can’t compete. Then ignoring that fact that of slavery TODAY in America while wanting to pay people money who’s ancestors 160 years ago were possibly slaves. What irony.
I’ll take MEAN TWEETS for $100
AND gas at $1.98
That would increase my lifestyle greatly.!!!!!
>It’s better for America in general if we spend more money and buy American products, than allowing the chinese to undercut American businesses. <
Why is this so hard to figure out? If I buy an American made product, all of the $1 stays onshore. If I buy a $.75 Chinese product, most of the $.75 goes overseas. Which way boosts the US economy and stands a chance of boosting my wages?
The eggheads preach all of these theories that are disproven in real life. Yet they never adjust their theories.
EC
So, independent analyst, narrow set of issues, 0.2%, for an initial year.
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