Wall Street Journal: Economists Say Inflation, Deficits Will Be Higher Under Trump Than Harris
In WSJ survey, economists see Donald Trump’s plans as more inflationary by a larger margin than in July when President Biden was on the ticket.
"While neither Trump nor Harris has expressed much appetite for fiscal rectitude, 65% of economists see Trump’s proposed policies putting more upward pressure on the federal deficit, up from 51% in July. "
"the Committee for a Responsible Federal Budget estimates Trump’s plans would widen federal budget deficits by $7.5 trillion over the next decade, more than twice the expected increase under Harris."
"Economists saw less daylight between the two candidates on overall economic growth: 45% said output would expand faster under Harris, 37% said the economy would grow faster under Trump, and 18% saw no material difference. "
Offsite Linkby Anonymous | reply 12 | October 15, 2024 7:03 PM
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"Particularly reassuring, several economists said, was a large upward revision by government statisticians to the estimated share of personal incomes that are being saved. The revision showed U.S. households squirreled away $454 billion more in July than previously believed. Since consumer spending drives about two-thirds of economic output, a higher saving rate suggests the expansion has legs to run further."
by Anonymous | reply 1 | October 15, 2024 3:37 PM
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WSJ is for educated high income Republicans, aka non-MAGA Republicans.
Think they will vote for Harris?
by Anonymous | reply 2 | October 15, 2024 3:38 PM
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Does it matter? He's going to be throwing everyone in jail on Day One and starting Armageddon on Day Two.
....according to The DL
by Anonymous | reply 3 | October 15, 2024 3:40 PM
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Of course. Republicans always blow up the deficit with huge tax cuts for rich fucks. It's their Prime Directive.
by Anonymous | reply 4 | October 15, 2024 3:41 PM
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And people blame Biden for the inflation that happened 2 years ago, when it was the delayed effect of Trump's policies.
Not to mention for anyone on any type of govt assistance (Social Security, etc), those payments were increased pegged to inflation.
And wages increased more than inflation:
Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%.
by Anonymous | reply 5 | October 15, 2024 3:50 PM
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What makes you so cocksure he won't, R3?
When licking Trump's fetid shithole, does he whisper sweet nothings to you about his plans if he gets reelected?
by Anonymous | reply 6 | October 15, 2024 4:04 PM
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I don't think a Harris economy will be any better, but I think Trump's will end up being a lot worse.
by Anonymous | reply 7 | October 15, 2024 4:52 PM
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R6, maybe seek treatment for your TDS, especially if Trump wins. It is really pushing you over the edge.
by Anonymous | reply 8 | October 15, 2024 5:21 PM
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R8, I prefer to think I have "faux populist trying to pass his lying, grifting con-artist self off as a patriot while wiping his fat, white entitled ass with the US Constitution" syndrome.
by Anonymous | reply 9 | October 15, 2024 6:32 PM
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Whatever it is, R6 & R9, do get help.
by Anonymous | reply 10 | October 15, 2024 6:59 PM
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I will, once disgusting assholes/pieces of shit like you and Trump have disappeared from the face of the planet.
by Anonymous | reply 11 | October 15, 2024 7:02 PM
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The Biden/Harris economy is ALREADY better than the Economy under Trump. Inflation is now down to 2%; prices on such major indicators like gas and home prices, along with the lowering of the prime interest rates has spurred consumer spending. As far as industries like pharmaceuticals and grocery company was that grossly inflate their prices only out of greed- NOT the rate of inflation- and yes Kamala has a set plan for that such as calling out these companies and holding their feet to the fire. The GDP is fantastic compared to Trump's economy. And don't get me started on the unemployment numbers and the stock market!
by Anonymous | reply 12 | October 15, 2024 7:03 PM
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