According to New York Magazine, the Republican favorite Donald Trump would provide a gigantic flush of stimulus to the American economy.
The stimulus in the American economy would be provided by way of Trump’s truly big tax cut, but that stimulus would be entirely wiped out by the severe economic dislocations caused by his intended closing of the American economy to foreign goods — a policy decision that would kick off a global trade war, writes New York Magazine. On top of that, Donald is proposing radical changes to immigration and health policy, which might severely harm any number of big-employment industries.
The NY Magazine writer says that while many Republicans and the Obama administration are pushing proposals that would open the United States economy to trade, Trump has promised to shut The US economy off, like North Korea.
“As a result, the United States would become a hermit economy, and every major American firm would decamp to literally any other country than this one,” New York Magazine journalist Annie Lowrey writes.
The 58th U.S. presidential election is scheduled for November 8, 2016.