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Economists have spoken:
JoeDaDemocrat - Hace 5 días
President Biden is better for the economy than Donald Trump.
126839408-2023-09-29-22-41-00
JoeDaDemocrat - Hace 5 días
According to an analysis from Moody's Analytics, Trump's MAGAnomics economic plan ⎯ slash taxes for the rich, spike import tariffs, and institute mass deportations of immigrant workers ⎯ would trigger a recession by mid-2025, with an economy that would slow to an average 1.3% annual growth, vs. 2.1% under Biden. "Biden’s policies are better for the economy," said Mark Zandi, Chief Economist of Moody’s Analytics.
JoeDaDemocrat - Hace 5 días
Trump's plan to f*nd the government through higher import tariffs would cause companies to pass their increased costs onto consumers: reaccelerating inflation that has been steadily cooling during Biden's term.
JoeDaDemocrat - Hace 5 días
According to Moody's, next year under a Trump administration inflation would rise from the current 3.3% to 3.6%, well above the 2.4% forecast for next year under Biden. The U.S. would have 3.2 million fewer jobs and a 4.5% unemployment rate at the end Trump's term, compared to Biden's 26-straight months of unemployment under 4%.
JoeDaDemocrat - Hace 5 días
U.S. economic growth in 2023 under Biden surpassed China for the first time in 40 years.
Joedademocrat__ - Hace 5 días
Increased tariffs on imports and the resulting higher inflation would also dramatically increase the value of the d*llar, leading to fewer exports of U.S products, harming manufacturers and their employees
SICK-WITTED - Hace 5 días
I love watching the xxconcocktedxx narratives of the liberally unintelligent 🫵😆 "Biden projected inflation is lower" even tho they have to CONSTANTLY revise their own numbers UP time after time ⏲️ 😳
 54 H
Joedademocrat__ - Hace 5 días
"I think it would be bad for workers and bad for consumers," said Michael Strain, Director of Economic Policy Studies at the American Enterprise Institute, a conservative think tank. Trump's tariff plan also likely won't fully offset his planned tax cuts, adding trillions to the national debt.
SICK-WITTED - Hace 5 días
"2.4" 🫵🤪👈 "under 4%" 😆🗣🤳
 54 H
supereddie - Hace 5 días
I think TM forgot the 4 years Trump was president. Why didn't it cause inflation then. No buddy boy Biden caused the inflation not Trump. Hey TM add a few Russia Russia Russia's in there to make sure you got them good and brainwashed
 67 H
Joedademocrat__ - Hace 5 días
Moodys is liberal?👌

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