Monday, June 20, 2016

Trump's economic promises -- a disaster

In addition to every other way a President Trump would be a disaster, economists and financial experts are saying that his ideas and promises would be an economic disaster and likely throw us into a very bad recession.

Example #1:  Trade with Mexico amounts to $1 billion dollars A DAY, and it supports 6 million American jobs.   You want to wall all that out?

Example #2:   About 6.8 million of the undocumented immigrants are U.S. workers.   Trump's promise to deport them would cut our private domestic product by some 2.9% to 4.7% and create a $381 to $623 billion dollar hole in the U.S. economy.

Example #3:   Former Treasury Secretary Larry Summers wrote in the Financial Times that, if Trump did even half of the things he's promised, it would set off the worst trade war since the Great Depression.

Ralph

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