Quote:
Originally Posted by Pierre
What do you base that on?
|
From policies like those mentioned below.
The non-partisan Committee for a Responsible Federal Budget warns of heightened risk of ‘an eventual fiscal crisis’ and his plans will see the USA in debt by double the amount that Kamala Harris's plans would.
https://www.dailymail.co.uk/news/art...la-harris.html
And he is shocked when regular economic growth occurs
Quote:
But Trump keeps pretending otherwise, either because he's economically illiterate or because he enjoys pretending to be economically illiterate. During his interview with Mike Huckabee over the weekend, for example, the president added in reference to the latest GDP data, "Everybody was shocked. They said it wouldn't happen for years."
Again, nobody was shocked, just as nobody said it'd take years to see quarterly growth that's been routine for quite a while.
|
https://www.msnbc.com/rachel-maddow-...cy-msna1027741
And thinks that tariffs just tax foreign companies
Quote:
But in recent weeks, Mr. Trump has made even more expansive claims about the power of tariffs, including that they will help pay for child care, combat inflation, finance a U.S. sovereign wealth fund and help preserve the dollar’s pre-eminent role in the global economy.
Economists have been skeptical of many of these assertions. While tariffs generate some level of revenue, in many cases they could create only a small amount of the funding needed to pursue some of the goals that Mr. Trump has outlined.
In other cases, they say, tariffs could actually backfire on the U.S. economy, by inviting retaliation from foreign governments and raising costs for consumers. Economic research has indicated that the cost of tariffs tend to be borne by American businesses and households, rather than foreign companies.
|
https://www.nytimes.com/2024/09/10/u...m-tariffs.html