Showing posts with label economic plan. Show all posts
Showing posts with label economic plan. Show all posts

Thursday, October 3, 2024

Economists agree: Another Trump term would be a disaster for the economy

Even the deeply conservative National Interest publication says "Trump's tariffs would be a disaster for America, sparking 20 percent inflation or more for many goods and burdening average consumers with high costs. The conservative Peterson Institute for International Economics estimates Trump's plans could cost the average household $2,600 a year, with low-income Americans suffering most…

Monday, August 19, 2024

Kamala Harris’s new economic plan draws Democrats’ praise, GOP’s scorn - The Washington Post

Trump, meanwhile, last week signaled support for expanding tariffs, another topic of Sunday's shows. Many economic experts note that such moves create more inflation and add costs for American consumers. 

"A tariff is paid by consumers. It's the equivalent of a new Trump tax," Coons argued...




Tuesday, February 28, 2017

The clearest part of Trump's economic plan is also the most delusional part (Business Insider)

Three percent GDP growth. Three percent GDP growth. Three percent GDP growth.

Get it stamped on your brain. Get it tattooed somewhere. Have some t-shirts made - because this is team Trump's goal for the economy. In a time of extreme policy confusion, 3% GDP growth is one of the only firm targets we have to hang on to.

The problem is, in interview after interview, Trump and his surrogates have demonstrated that they have no idea how to get there....
http://www.businessinsider.com/trump-3-gdp-growth-plan-makes-no-sense-2017-2

Sunday, November 20, 2016

Federal Reserve Chair Throws Cold Water On Trump's Economic Plan

President-elect Donald Trump has pledged a $1 trillion infrastructure spending program to help jump-start an economy that he said during the campaign was in terrible shape.

Speaking on Capitol Hill Thursday, Federal Reserve Board Chair Janet Yellen warned lawmakers that as they consider such spending, they should keep an eye on the national debt. Yellen also said that while the economy needed a big boost with fiscal stimulus after the financial crisis, that's not the case now....
http://www.npr.org/sections/thetwo-way/2016/11/17/502480053/federal-reserve-chair-throws-cold-water-on-trump-economic-plan


CNBC: Larry Summers: Trump's economic plan is 'ill-designed' and harmful

President-elect Trump's economic plan will only benefit a small group of companies, Democrat Larry Summers says. ...
http://www.cnbc.com/2016/11/16/larry-summers-trumps-economic-plan-is-ill-designed-and-harmful.html

Wednesday, November 16, 2016

Tough reality check for Trump's pledge of better heartland jobs, wages | Reuters

Donald Trump's promise to revive small town America faces a tough challenge in an economy that for decades has been wired to direct income and opportunities toward urban hubs and the better educated.

Little in the president-elect's so far sketchy economic plans indicates the trend can be reversed any time soon, according to interviews with experts on income inequality and recent occupational trends.....
http://www.reuters.com/article/us-usa-election-trump-inequality-analysi-idUSKBN1350FY?feedType=RSS&feedName=newsOne&google_editors_picks=true









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