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Survey of economists: Some Trump policies could slow growth
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and there was this additional quote from the press release:
http://files.constantcontact.com/668faa28001/c145775b-d170-40d9-8518-47f921423851.pdf
Again, none of these viewpoints or the depth at which they are held should come as a surprise to anyone who has any actual knowledge of how the US economy works. Which, naturally means, this survey should be a complete shock to most on here.
More than 90 percent of economists surveyed by the National Association for Business Economics in a report being released Monday said they think the Trump administration’s current and threatened tariffs will harm the economy.
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Seven in 10 of the economists surveyed by the NABE said they thought Trump’s tax cuts were “too stimulative” because of the resulting increase in the national debt, even though two-thirds said the corporate tax cuts generally benefit their companies.
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As a whole, though, the responses of the business economists represent a rebuke of the Trump administration’s overall approach to the economy. The administration has been hailing a recent pickup in growth as heralding the start of an enduring and more vigorous economic boom
and there was this additional quote from the press release:
“On other economic policy matters, executive actions regarding immigration are expected to have unfavorable economic impacts,” continued Diffley. “Eighty percent of respondents believe the Administration’s deregulatory actions will have a positive impact on the U.S. economy in the short run, while almost half views the long-run impacts as negative.”
http://files.constantcontact.com/668faa28001/c145775b-d170-40d9-8518-47f921423851.pdf
Again, none of these viewpoints or the depth at which they are held should come as a surprise to anyone who has any actual knowledge of how the US economy works. Which, naturally means, this survey should be a complete shock to most on here.