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Presidential Issues: Economic Growth

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Trumponomics Gets Scarier When You Actually Study It

June 22, 2016

By Paula Dwyer

Hillary Clinton is trying to scare the heck out of voters who think Donald Trump's business record qualifies him to be president. He has no real economic strategy beyond over-the-top promises, she said on Tuesday, and the few ideas he offers would cause millions of Americans to lose their jobs. "Just like he shouldn't have his finger on the button, he shouldn't have his hands on our economy," Clinton said.

Well, OK, what did you expect her to say? There's a campaign going on! What happens when you ask some politically neutral economists to look at the U.S. economy under a President Trump? You get something titled "Macroeconomic Consequences of Mr. Trump's Economic Policies." Laid side-by-side with Clinton's partisan assessment, it's even scarier.

The appraisal, from Moody's Analytics, is neither a liberal nor a conservative take, but a straightforward look at what might happen if Trump's tax-cut, immigration and trade policies became law. Using economic models similar to those the Federal Reserve and the Congressional Budget Office use, the analysis estimates how Trump's proposals would affect interest rates, jobs, the budget deficit, markets and growth.

Read the full article at Bloomberg View: Trumponomics Gets Scarier When You Actually Study It

Issue Categories : Donald Trump, Economic Growth