Biden, Democratic Victories Would Be Best Outcome For The Economy, Moody's Says

[brooklynite]

Forbes

TOPLINE A victory for Joe Biden over Donald Trump and a Democratic sweep—where Republicans lose the Senate—would result in the biggest rebound in economic growth and employment, according to a recent analysis of both candidates’ economic proposals by Moody’s Analytics.

Moody’s analyzed four potential outcomes for the November presidential election: A total Democratic sweep; a total Republican sweep; Democrats winning the presidency and the House but not the Senate; and status quo with Trump in the White House,
Democrats controlling the House and Republicans holding the Senate.

Based on the economic proposals of both President Trump and Biden, “the economic outlook is strongest under the scenario in which Biden and the Democrats sweep Congress and fully adopt their economic agenda,” said Moody’s Analytics chief economist Mark Zandi.

A Blue Wave—in which Democrats control both chambers of Congress and the White House—would result in the highest number of jobs added and the best rebound in economic growth, Moody’s found.

In that scenario, Biden would be allowed to enact more wide-sweeping economic policy changes such as spending trillions on infrastructure, education and social safety, while also boosting trade and immigration.

[musclecar6]

1. YES

When Bill Clinton was in office for 8 years, the economy did great. When Barack Obama was in office for eight years, the economy did great. The popular myth amongst Republicans is that they are great for business and the Democrats are terrible for business. It’s just a load of bullshit that they never stop peddling but it’s not the truth.