Joe Biden has great plans for the economy — plans that experts agree will be better for Americans.
Despite people assuming Republicans are better for the economy, multiple expert analyses actually indicate that Biden’s plans will be better for economic growth.
The nonpartisan and well respected Moody’s Analytics favors Biden’s plan.
Joe Biden’s plans to boost government spending would help the U.S. economy bounce back faster from the coronavirus slump if the Democratic challenger beats President Donald Trump in November’s election, according to two new reports that crunched numbers from the candidates’ platforms.
The pickup in growth will be quickest if Democrats win the Senate as well as the White House, removing an obstacle to increases in social spending and infrastructure that would be “deficit-financed in significant part,” according to a study by Mark Zandi and Bernard Yaros at Moody’s Analytics.
Even a scaled-back version of Biden’s election platform would speed up economic growth, according to a separate study published Thursday by Nancy Vanden Houten and Gregory Daco at Oxford Economics. They envisage a “Biden-lite” program that’s more likely to get passed by the Senate, which would increase taxes and spending by roughly half the amount that the candidate is proposing.
Biden’s big, bold plan will be good for the American people and good for the economy.
I don’t usually even mention Trump in these reasons to love Joe, but I think comparing their economic plans is essential to this one, so here is a cheat sheet on the major differences