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Trump presidency could cost U.S. economy $1 trillion: Oxford Economics

Israeli_Eagle

By Israeli_Eagle
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Israeli_Eagle

Israeli_Eagle

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Trump presidency could cost U.S. economy $1 trillion: Oxford Economics

 
Republican presidential nominee Donald Trump speaks at a campaign rally in Asheville, North Carolina, U.S., September 12, 2016. REUTERS/Mike Segar
Republican presidential nominee Donald Trump speaks at a campaign rally in Asheville, North Carolina, U.S., September 12, 2016. REUTERS/Mike Segar

 

The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday.

While the firm said Trump's policies - including more protectionist trade measures, tax cuts and mass deportation of illegal immigrants - may be watered down in negotiations with Congress, they could have "adverse" consequences.

"Should Mr. Trump prove more successful in achieving adoption of his policies, the consequences could be far-reaching – knocking 5 percent off the level of U.S. GDP relative to baseline and undermining the anticipated recovery in global growth," it said.

Oxford Economics describes itself as an independent global advisory firm. It is headquartered in Oxford, England, but has offices around the world, including in Chicago, Miami, Philadelphia, San Francisco and Washington.

The Trump campaign did not immediately respond to a request for comment on the research. At a campaign event in Clive, Iowa, on Tuesday, however, Trump reasserted that he would grow the U.S. economy.

He vowed to revive the country's manufacturing sector by preventing U.S. companies such as Apple Inc from making products overseas, renegotiating global trade accords and slashing federal taxes and regulations.

"We’re going to provide opportunity, prosperity and security for all Americans," Trump said.

Under its baseline scenario, Oxford Economics expects U.S. gross domestic product, the value of all goods and services produced in the economy, to grow at a fairly constant rate of around 2 percent from 2017, reaching $18.5 trillion in 2021.

But if Trump is elected and succeeds in implementing his policies, it predicts growth would slow significantly, falling near zero in 2019, and reducing overall GDP to $17.5 trillion.

Oxford Economics said its baseline scenario assumes Trump's Democratic opponent Hillary Clinton triumphs in the Nov. 8 vote and a split Congress emerges - between a Republican U.S. House of Representatives and a Democratic U.S. Senate - which results largely in a continuation of current policies.

Trump would face challenges winning the backing of Congress for all his policies, and some economists argue that looser tax policy could actually help boost economic growth.

The latest opinion polls show Clinton, the former secretary of state, ahead, but her lead has slipped in recent weeks.

 

(Reporting by John Geddie; Additional reporting by James Oliphant in Des Moines, Iowa; Editing by Howard Goller and Dan Grebler)

 

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pc71520

pc71520

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5 minutes ago, Israeli_Eagle said:

Trump presidency could cost U.S. economy $1 trillion: Oxford Economics

And how much Hitlery's presidency will cost? :think:

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Israeli_Eagle

Israeli_Eagle

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5 minutes ago, pc71520 said:

And how much Hitlery's presidency will cost? :think:

 

Sorry, I had a Copy/Paste error........ So Hillary would make at least some growth.

 

 

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pc71520

pc71520

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37 minutes ago, Israeli_Eagle said:

So Hillary would make at least some growth

The only growth Hillary can make is related to her Bank Account...;)

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straycat19

straycat19

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Hillary Clinton is not good for the economy, not good for Bill, not good for U.S. Ambassadors, and not good for those serving in the military.

 

Hillary Clinton - Outsourcing blowjobs since 1995.  

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flash48

flash48

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Oxford Economics is a left wing organization and are sleeping with Hillary.  This article is pure propaganda. It is a well known fact that College Universities are liberal.

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Israeli_Eagle

Israeli_Eagle

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23 minutes ago, flash48 said:

Oxford Economics is a left wing organization and are sleeping with Hillary.  This article is pure propaganda. It is a well known fact that College Universities are liberal.

 

Rights wings (aka Nazis) believe almost everything... But still Oxford is England and will also always stay.

 

IMHO the US voters should have first an IQ test! :lmao:

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Fallon

Fallon

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More than half of corporate CEOs prefer Clinton over Trump. They think Hillary is fine. Former opponent Bernie Sanders campaigns for her. He knows whats good for his supporters. Secretary of Foreign Affairs, Senator, First Lady. Like it or not, Clinton has a lot of clout.
On the other side, mister Trump: someone who can organize a beauty pageant and draws attention by lying every 5 minutes. Still an idiot at 70 with the worldview of a toddler specializing in dark outlooks, he wants to be president.

Everything you want to know about Donald Trump's bankruptcies

Trump Bankruptcy Math Doesn't Add Up

Yep, Donald Trump's companies have declared bankruptcy...more than four times

 


 

 

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Israeli_Eagle

Israeli_Eagle

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3 minutes ago, Fallon said:

More than half of corporate CEOs prefer Clinton over Trump. They think Hillary is fine. Former opponent Bernie Sanders campaigns for her. He knows whats good for his supporters. Secretary of Foreign Affairs, Senator, First Lady. Like it or not, Clinton has a lot of clout.
On the other side, mister Trump: someone who can organize a beauty pageant and draws attention by lying every 5 minutes. Still an idiot at 70 with the worldview of a toddler specializing in dark outlooks, he wants to be president.

Everything you want to know about Donald Trump's bankruptcies

Trump Bankruptcy Math Doesn't Add Up

Yep, Donald Trump's companies have declared bankruptcy...more than four times

 


 

 

 

But also know..... Believers are allergic to reality & facts. Everything they not like becomes then propaganda. The same effects we had already in the 30s and 40s...

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flash48

flash48

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1 hour ago, Fallon said:

More than half of corporate CEOs prefer Clinton over Trump. They think Hillary is fine. Former opponent Bernie Sanders campaigns for her. He knows whats good for his supporters. Secretary of Foreign Affairs, Senator, First Lady. Like it or not, Clinton has a lot of clout.
On the other side, mister Trump: someone who can organize a beauty pageant and draws attention by lying every 5 minutes. Still an idiot at 70 with the worldview of a toddler specializing in dark outlooks, he wants to be president.

Everything you want to know about Donald Trump's bankruptcies

Trump Bankruptcy Math Doesn't Add Up

Yep, Donald Trump's companies have declared bankruptcy...more than four times

 


 

 

Yes because Hillary will do whatever they want,  just give the Clinton Foundation some money.  Trump cannot be bought.

1 hour ago, Israeli_Eagle said:

 

But also know..... Believers are allergic to reality & facts. Everything they not like becomes then propaganda. The same effects we had already in the 30s and 40s...

I notice you are from Israel.  You need to look at this:

https://www.youtube.com/watch?v=U2G9MR1n7Es

 

 

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Israeli_Eagle

Israeli_Eagle

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41 minutes ago, flash48 said:

Yes because Hillary will do whatever they want,  just give the Clinton Foundation some money.  Trump cannot be bought.

 

I notice you are from Israel.  You need to look at this:

https://www.youtube.com/watch?v=U2G9MR1n7Es

 

 

 

1. But Trump buys anyone with low-IQ!! :lmao:

2. I'm Israeli, but not religious (secular). And I have also friends in many other countries around, we prefer peace anyway. But Bibi & Trump would love to create wars, that's for sure! :angry:

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pc71520

pc71520

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On 14/9/2016 at 11:10 PM, Israeli_Eagle said:

And I have also friends in many other countries around, we prefer peace anyway.

But Bibi & Trump would love to create wars, that's for sure!

  1. It was Hitlery, as a US State Department Secretary, the one who systematically destabilized the entire Meddle-East region; not Trump. :uhuh:
  2. Who destabilized Ukraine? Trump? Hell no! :uhuh:
On 14/9/2016 at 11:10 PM, Israeli_Eagle said:

But Trump buys anyone with low-IQ!!

And Hitlery's supporters are so high-IQ, ah? Yeah, right...:rolleyes:

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Israeli_Eagle

Israeli_Eagle

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10 hours ago, RejZoR said:

Just like they said Brexit will have catastrophic effect on UK. Oh, wait, that didn't actually happen...

 

Almost nothing..... :lmao:

Scotland will leave the UK, probably Northern Ireland too and millions citizens plan to move out. And it not even started yet.

 

Ex-Yugos are specialists, eh? :eekout:

 

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