REALITY VS GOP

Greetings. I am a voting constituent in rural west Texas. Because your party seems so depressed about the hellscape that you perceive as America, I thought I’d let you know it’s not as bad as all that after all. On Thursday, Moody’s Analytics, which evaluates risk, performance, and financial modeling, compared the economic promises of President Joe Biden and presumptive Republican nominee Donald Trump. Authors Mark Zandi, Brendan LaCerda, and Justin Begley concluded that while a second Biden presidency would see cooling inflation and continued economic growth of 2.1%, a Trump presidency would be an economic disaster. Trump has promised to slash taxes on the wealthy, increase tariffs across the board, and deport at least 11 million immigrant workers. According to the analysts, these policies would trigger a recession by mid-2025. The economy would slow to an average growth of 1.3%. At the same time, tariffs and fewer immigrant workers would increase the costs of consumer goods. That inflation—reaching 3.6%—would result in 3.2 million fewer jobs and a higher unemployment rate.  Trump’s proposed tariffs would not fully offset his tax cuts, adding trillions to the national debt.  Michael Strain, director of economic policy studies at the American Enterprise Institute, a conservative think tank, said that Trump’s tariff policy “would be bad for workers and bad for consumers.” Chief Economist of Moody’s Analytics Mark Zandi said: “Biden’s policies are better for the economy.”    In the New York Times today, Jeffrey Sonnenfeld, the president of the Yale Chief Executive Leadership Institute at the Yale School of Management, debunked the notion that corporate leaders support Trump. Sonnenfeld notes that he works with about 1,000 chief executives a year and speaks with business leaders almost every day. Although 60 to 70 percent of them are registered Republicans, he wrote, Trump “continues to suffer from the lowest level of corporate support in the history of the Republican Party.” Among Fortune 100 chief executives, who lead the top 100 public and private U.S. companies ranked by revenue, Sonnenfeld notes, not one has donated to Trump this year.  So obviously all the doom and gloom is just more projecting from your nominee. Unless he gets back in office apparently. Then he would be the ultimate self-fulfilling prophecy. And we’ll have the GOP to thank for it all.