You’ve never seen such a great recession, let me tell you. Will it be a recession? Yea. But it will be a beautiful one.
It determines that full adoption of those policies would sharply reduce economic output during his first term and reduce employment by 3.5 million jobs.
Under almost any scenario, the report says, “the U.S. economy will be more isolated and diminished.”
Can anything stop this incredible recession? Unfortunately, yes: If people like this Paul Ryan character get in the way, the recession will be significantly less incredible.
The Moody’s analysis outlines two other scenarios that show more muted effects on the economy, assuming that Mr. Trump’s proposals are slimmed down, either voluntarily or as a result of legislative negotiations. Under the latter model, Moody’s assumes the tax cuts are whittled down sharply and that a trade war with China and Mexico is averted. The result is slower economic growth but not a recession.