Top Economic Rating Agency: Trump WILL Send America Back Into A Recession, Kill Millions Of Jobs
occupydemocrats.com
By Colin Taylor
Posted on June 20,
A new report by the highly respected credit agency, Moody’s, has determined that a Donald Trump presidency would be a colossal economic disaster. Given Trump’s utter lack of detailed policy proposals and wild promises to rupture trade deals and impose tariffs on other nations, one might not be very surprised at this assessment, but it is useful to have the actual numbers on hand to give anti-Trump arguments a little more weight.
Moody’s predicts that a Trump presidency would send our nation right back into a recession, killing 3.5 million jobs and sending the unemployment rate above 7%.“Broadly, Mr. Trump’s economic proposals will result in a more isolated U.S. economy. Cross-border trade and immigration will be significantly diminished, and with less trade and immigration, foreign direct investment will also be reduced. Driven largely by these factors, the economy will be significantly weaker if Mr. Trump’s economic proposals are adopted… During Mr. Trump’s presidency, the average American household’s after-inflation income will stagnate, and stock prices and real house values will decline.”
The fallout of a Trump economy would fall squarely on the American middle class – while the richest Americans, like Trump, will make off like bandits. A universal theme to all the economic plans proposed by Republican candidates, the minor tax breaks given to the middle class are made entirely irrelevant by the giant cuts handed to the ultrawealthy and the job losses that would be accompany them. |
