What would installing a serial business loser as chief executive of the nation mean for our economy? Nothing good, finds a new analysis by Moody Analytics released Monday. While cautioning that Trump's glaring lack of policy specifics make it difficult to properly assess his impact, Moody concluded that what he has said adds up to 3.5 million fewer jobs, an unemployment rate of 7 percent (it’s currently below 5 percent), stagnating incomes, and declining stock prices and home values. Boo-yah! Nolan McCaskill reports:
“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,” Mark Zandi, Chris Lafakis, Dan White and Adam Ozimek wrote in the report.
His policies would also diminish the country’s growth prospects, grow federal government deficits, increase the nation’s debt [...]
“Driven largely by these factors, the economy will be significantly weaker if Mr. Trump’s economic proposals are adopted. Under the scenario in which all his stated policies become law in the manner proposed, the economy suffers a lengthy recession and is smaller at the end of his four-year term than when he took office,” the authors wrote.
That about says it all.