Connect with us

Hi, what are you looking for?

Contributors

Economists Are Terrified at the Thought of President Trump

Economic experts are calling out The Donald for his haphazard approach to economic policy.

Donald Trump’s plans would create larger federal government deficits and a heavier debt load, according to analysis with Moody’s (in full disclosure, a former employer).

Moody’s analysts said Trump’s personal and corporate tax cuts would be “massive,” and his calls for expanding spending on veterans and the military are “significant.” And because Trump also opposes any reasonable reforms to entitlement programs such as Social Security and Medicare, “this mix of much lower tax revenues and few cuts in spending can only be financed by substantially more government borrowing,” according to a Moody’s Analytics report. “Driven largely by these factors, the economy will be significantly weaker if Mr. Trump’s economic proposals are adopted.”

If all Trump’s stated policies become law, the analysts predict the economy would suffer a lengthy recession and would contract by the end of his four-year term. They also predicted that by the end of his presidency, there would be some 3.5 million fewer jobs and the unemployment rate  would rises to as high as 7 percent, compared with below 5 percent today.

Donald Trump is no ally of the working class or the taxpayer. It’s not too late for Republicans to reverse course and choose a different horse in Cleveland.

Here’s hoping the party elders wise up and do just that.

Photo by Gage Skidmore

3 hours ago
This FIFA Star Explains Why CBD is His Go-To! - https://t.co/22mhxjHT9k
7 hours ago
Travel is changing. But you can still vacation, even in a pandemic! https://t.co/xzRCZzLOK0
1 day ago
We're backkkkk with all-new #BoldLife with @zaynathebrand! Tomorrow (Wednesday) at 1 pm EST, we'll be discussing everything from planning virtual parties to using black vendors for your business. You can't miss it on FB, Youtube + IG Live! 🤩 https://t.co/dHkSO5qmNU
1 day ago
Should We Get Another Round Of Stimulus Checks?
https://t.co/CwRqESuhT4
1 day ago
. @BryceHirschberg talks chilling on his houseboat and missing the movie business during these uncertain times.

See the full interview with the @netflix #TooHotToHandle star here: https://t.co/o1ToZka5u1 https://t.co/2UxU9bujSD

You May Also Like

Bold TV

Welcome back to Bold TV! Join our hosts, David Grasso and Julia Sun, and watch live at 12PMEST on Facebook and Twitter. *Update: Watch...

Life

Highlighting women in music is very important, especially during this day and age where the music industry is predominantly run by men. Due to...

Life

Social media has created a lot of stars. One of the most recent and recognizable ones is Kalen Allen, an actor and content creator,...

Health

Don’t you wish you had a personal fitness guide to keep you accountable? So many of us can’t find a workout program that keeps...

Copyright © 2020 Bold TV