Biden victory, Democratic sweep would bring biggest boost to economy
A victory for Democratic presidential nominee Joe Biden, a Democratic takeover of the Senate and defense of the party's House majority in the November elections would be the best outcome for the U.S. economy, according to an analysis released Wednesday by Moody’s Analytics.
In an analysis of potential Election Day outcomes based on the economic proposals of President Trump and Biden, Moody’s found that a Democratic sweep would bring the quickest return to full employment, highest number of jobs added and best rebound in economic growth.
“The economic outlook is strongest under the scenario in which Biden and the Democrats sweep Congress and fully adopt their economic agenda,” wrote Moody’s Analytics chief economist Mark Zandi, who provided economic analysis for the late Sen. John McCain’s (R-Ariz.) 2008 presidential campaign, and economist Bernard Yaros.
Zandi and Yaros modeled four potential outcomes of the November election: a total Democratic sweep; Democrats holding the House and taking the White House but not the Senate; a total Republican sweep; and a extension of the status quo with Trump in the White House, Democrats in control of the House and Republicans in control of the Senate.
https://thehill.com/policy/finance/518094-biden-victory-democratic-sweep-would-bring-biggest-boost-to-economy-analysis