Subject: Trump Policies = Economic Fail!
If anyone thinks Trumps economic policies, tax cuts for the wealthy, massive deficit spending, deporting workers, and tariffs (Trump:"Trade wars are easy to win" No they are not!)
are gonna make the American economy great again, they are gonna get a harsh real-world lesson in economics if Trump wins.
"Moody's Analytics projects slower growth, higher inflation, and higher unemployment under a Trump presidency compared to Harris."
"The economy under Trump would grow more slowly and will suffer higher inflation and interest rates."
"Trump’s plan would spark a recession by mid-2025, Moody’s said. The economy would grow an estimated average 1.3% annually during his four-year term versus 2.1% under Harris."
"Goldman Sachs also forecasts slower growth and higher inflation under Trump."
Trumps tariffs during his 1st term did NOT bring back U.S. manufacturing employment as he promised, they actually led to retaliatory tariffs from other countries,
negatively impacting American workers and farmers, which cost up to 300,000 American jobs. The national debt also increased by 33.1% under Trump! (If any President increases the debt by 33% in 4 years the economy will boom and the you get runaway inflation.)
Here's the reality you cannot deny: Trump's job creation record was the worst of any American president on record, no other president has left the U.S. with a smaller workforce than it had when they took office.
All while adding a record setting $8 trillion in new debt in just 4 years. (Yes Trump's 1st year was pretty good because he inherited Obama's strong economy.)
And as we all know: Annual real GDP growth has been 1.2% faster during Democratic administrations (3.79%) compared to Republican ones (2.60%) since 1949.
From 1933 to 2020, the economy grew at an average rate of 4.6% per year under Democratic presidents, nearly double the 2.4% under Republican presidents.
https://www.usatoday.com/story...
https://www.jec.senate.gov/pub...