What 3 economists say is in store in a second Trump economy

[mahatmakanejeeves]

Yahoo Finance
What 3 economists say is in store in a second Trump economy

Janna Herron
Sun, September 29, 2024 at 9:00 AM EDT
7 min read

"Chaos." "Destructive." "A big hit to people's pocketbooks."

That's what the economy will look like under a second Trump administration, according to three economists across the policy spectrum, if the GOP presidential candidate enacts the two major policies he's promising on the campaign trail: huge tariffs and mass deportations.

Americans will face higher prices and product shortages from the tariffs, they say, while consumer spending will suffer and jobs remain unfilled, harming local economies dependent on immigrants.

While they differ on degree, these experts all agree under these policies that the economy will go the same way — in the wrong direction.

{snip}

[Old Crank]

1. And they arenot the only ones

Virtually all serious economists say the same thing.

But since they have education MAGA doesn't believe them elitist fools.

[no_hypocrisy]

2. And when things fail across the board, TSF will claim

"It's not MY fault!".

[The Madcap]

3. At some point

It will be useless to bail these clowns out from their stupid mistakes. Unfortunately, a lot of innocent people are going to suffer along the way. If I were under 35 years old, I'd be getting a European job lined up. I hear they need young people there. It's not like there are no problems in Europe, but T**** would make the USA totally unlivable very quickly, kind of like his hero, Putin, and Russia.