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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Take Your Pick: The Wall Street Journal Or Rachel Maddow

October 16, 2024October 15, 2024

THE WALL STREET JOURNAL


Economists Say Inflation, Deficits Will Be Higher Under Trump Than Harris

Most economists think inflation, interest rates and deficits would be higher under the policies former President Donald Trump would pursue in a second administration than under those proposed by Vice President Kamala Harris, according to a quarterly survey by The Wall Street Journal.


So if you don’t like inflation: vote Harris.  


“If the tariffs work the way economists think they work, I think people are in for a very nasty surprise,” said Philip Marey, senior U.S. strategist at Rabobank.


If you’re worried about deficits: vote Harris.


. . . 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.


If you hate that Trump killed the bipartisan immigration bill that would have solved the border crisis: vote Harris. 

That one’s not part of the Journal article, but we can’t possibly say it too often:  It’s Trump’s border crisis now.  He has needlessly, selfishly prolonged it in order to win the election and shut down the criminal cases he will otherwise almost surely lose.  It’s not unlike the way we now know Reagan’s team persuaded Iran not to free the hostages on Carter’s watch, even though that meant longer captivity for them.



RACHEL

These 8 minutes are must-watch for business-friendly folks like my friend Peter, who grants that Trump is “a truly horrible person” — his words — but plans to vote for him anyway.

I’m hoping watching this may help to persuade him at least to stay home.




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