According to a report released Friday by Moody’s Analytics, Hillary Clinton’s economic proposals would create millions of jobs and boost economic growth higher than current projections.
The analysis shows that, if implemented, the Democratic nominee’s agenda would create 10.4 million jobs and accelerate economic growth to an annual average of 2.7 percent.
“Real GDP expands by 2.7% per annum during her presidency, and by the end of her presidential term in 2020, real GDP is $170 billion larger than under current law,” the analysis found. “This supports 1.6 million additional jobs, which pushes the unemployment rate down to 4% by the time she leaves office.”
Several policies proposed by Clinton drive Moody’s assessment: infrastructure spending, paid family leave, and immigration reform. Combined, these proposals would boost business productivity, increase skilled workers, and expand the American workforce.
“The upshot of our analysis is that Secretary Clinton’s economic policies when taken together will result in a stronger U.S. economy under almost any scenario,” the report reads.
Moody’s report last month on Donald Trump’s economic proposals – to the extent that they exist – brought a much different outcome.
It found that Trump’s policies would substantially hurt the economy and lead to a downturn worse than the Great Recession. Unemployment would spike to 7 percent and over 3 million Americans would be put out of work.
“The U.S. economy will weaken significantly if Mr. Trump’s economic policies are fully implemented as he has proposed,” the June report said. “The economy will suffer a recession that begins in early 2018 and extends into 2020…even longer than the Great Recession”
Republicans, of course, are quick to question the legitimacy of any analysis that doesn’t comport with their pre-existing worldview. However, the lead author of these reports, Mark Zandi, was an economic adviser to John McCain during his 2008 presidential campaign.
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