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Trump would make the US economy weaker, less competitive and less equal | Joseph Stiglitz
(www.theguardian.com)
this post was submitted on 05 Sep 2024
246 points (99.6% liked)
politics
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Even without looking at any specific policy you could make this statement with high certainty of accuracy. Democratic presidents have significantly higher job creation, GDP growth, and larger decreases in unemployment. Real household income gains are higher under Democrat presidents. Republicans have had 9 of the last 10 recessions start under their leadership, only one being under Carter. The deficit grows by larger margins under republican presidents. The stock market gains more under democrats presidents. The only metric in which Republicans do better on is inflation.
Then looking at the specifics of policy proposals we would see trump would destroy the only factor in which the republicans lead on with massive tarrifs, isolationism, and expansions of trade wars.