A victory for Joe Biden over Donald Trump and a Democratic sweep—where Republicans lose the Senate—would result in the biggest rebound in economic growth and employment, according to a recent analysis by skleb1234
A victory for Joe Biden over Donald Trump and a Democratic sweep—where Republicans lose the Senate—would result in the biggest rebound in economic growth and employment, according to a recent7.4 million more jobs would be added under Biden than Trump, Moody’s estimates.
Based on the economic proposals of both President Trump and Biden, “the economic outlook is strongest under the scenario in which Biden and the Democrats sweep Congress and fully adopt their economic agenda,”A Blue Wave—in which Democrats control both chambers of Congress and the White House—would result in the highest number of jobs added and the best rebound in economic growth, Moody’s found.
In that scenario, Biden would be allowed to enact more wide-sweeping economic policy changes such as spending trillions on infrastructure, education and social safety, while also boosting trade and immigration. “Greater government spending adds directly to [GDP] and jobs,” Zandi said, while also arguing that the higher taxes Biden has proposed to fund some of these plans have an “indirect impact” and would not slow the economy.found that a Trump victory would be a worse outcome for the economy because of his smaller proposals for fiscal stimulus and the increased likelihood of deeper trade tensions and cuts to immigration.
Trump has proposed “much less expansive support to the economy from tax and spending policies,” Moody’s said, adding that his planned immigration cuts are a “significant impediment to longer-term economic growth” as it slows both the job market growth and labor productivity.“Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive our analysis, we conclude that Biden’s economic proposals would result in a stronger U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden, Democratic Victories Would Be Best Outcome For The Economy, Moody’s Says7.4 million more jobs would be added under Biden than Trump, Moody’s estimates.
Read more »
Trump’s Facebook Advantage Over Biden Is DisappearingWith just over a month to go until election day, Joe Biden’s presidential campaign has quietly ramped up its digital advertising, bringing it roughly on par with a behemoth Trump digital ad operation that was central to the president’s 2016 victory.Data compiled by the Center for Responsive Politics
Read more »
If Joe Biden wins, will the Democrats pack the Supreme Court?It's a question that Democrats and Joe Biden really don't want to answer. Most Senate Democrats pivot to discuss their focus on winning the majority and protecting Americans' health care, which they warn could be at risk.
Read more »
Biden is slightly healthier, study says, but both presidential candidates may be 'super-agers'President Trump and Joe Biden are so healthy they could be long-living 'super-agers,' a new study suggests. But it also fears the two campaigns will continue to 'weaponize' the age issue.
Read more »
Joe Biden says DOJ has become Trump's 'private law firm''It's the most dangerous thing that has happened so far, the politicization of the Department of Justice. It's become the Department of Trump, and that's wrong,' Biden said on the campaign trail.
Read more »
More than 200 retired generals, admirals endorse Biden, including some who served under Trump"Our allies no longer trust or respect us, and our enemies no longer fear us," the former officers and officials wrote in a letter released Thursday.
Read more »