On Thursday, Moody’s Analytics, which evaluates risk, performance, and financial modeling, compared the economic promises of President Joe B
HIGHLY RECOMMENDED ***
“On Thursday, (6-20-24), Moody’s Analytics, which evaluates risk, performance, and financial modeling, compared the economic promises of President Joe Biden and presumptive Republican nominee Donald Trump. Authors Mark Zandi, Brendan LaCerda, and Justin Begley concluded that while a second Biden presidency would see cooling inflation and continued economic growth of 2.1%, a Trump presidency would be an economic disaster.
Trump has promised to slash taxes on the wealthy, increase tariffs across the board, and deport at least 11 million immigrant workers. According to the analysts, these policies would trigger a recession by mid-2025. The economy would slow to an average growth of 1.3%. At the same time, tariffs and fewer immigrant workers would increase the costs of consumer goods. That inflation—reaching 3.6%—would result in 3.2 million fewer jobs and a higher unemployment rate.
Trump’s proposed tariffs would not fully offset his tax cuts, adding trillions to the national debt.
Michael Strain, director of economic policy studies at the American Enterprise Institute, a conservative think tank, said that Trump’s tariff policy “would be bad for workers and bad for consumers.” Chief Economist of Moody’s Analytics Mark Zandi said: “Biden’s policies are better for the economy.” …”
*** Content of newsletter also includes detailed fact checks on Donald Trump’s statements on national crime rates and corporate giving to his campaign needs. (Italics by OP)
