Moody's Analysis: Trump's Policy Plans Would Trigger A 'Lengthy Recession'

[HuckleB]

http://talkingpointsmemo.com/livewire/report-trump-cause-us-recession

"Donald Trump's proposed plans to cut taxes, engage in trade wars, and deport millions of undocumented immigrants would hurt the U.S. economy and send the country into a recession, according to new report by Moody's Analytics.

Economists reviewed Trump's proposed tax cuts for individuals and businesses, his calls to deport undocumented immigrants and build a southern border wall, and his threats to impose large tariffs on goods imported from China and Mexico.

The analysis found that if all of Trump's proposals were implemented, "the economy suffers a lengthy recession and is smaller at the end of his four-year term than when he took office."

"The upshot of Mr. Trump’s economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished," the report reads.

The economists drew four basic conclusions about the impact of Trump's plans: a less global economy, larger government debt, a weaker economy with higher unemployment, and benefits mostly for high-income Americans.

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Trump and his supporters are PRO-RECESSION! (And that's being very kind.)

Make sure they, and everyone else, knows it.