German government believes Trump would ravage U.S. economy

[Draz]

Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S. economy, according to an internal memorandum reported by Der Spiegel magazine on Saturday.

The ministry expects "shrinking gross domestic product, fewer jobs and higher unemployment," in the United States if the Republican candidate were to implement his campaign pledges, the magazine cited the memo as saying.

Trump, a billionaire businessman seeking his first public office, has proposed tax cuts worth $4.4 trillion and wants to curb government regulation and take a tougher stance on negotiating trade deals.

He says his economic plan would produce annual economic growth of 3.5 percent and create 25 million jobs over a decade. But some economists have questioned the assumptions underpinning the plan.

Trump's pledges are "not feasible", Spiegel cited the memorandum as saying. Moreover, the plans would violate international or U.S. law and could be "no basis for a realistic economic policy."

A spokeswoman for the German Economy Ministry declined to comment on the Spiegel report.

Last month, economic research firm Oxford Economics projected the U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Trump becomes president.

Source

[highwhey]

they are not wrong.

as for the inevitable response from trumptards in this thread, who are you going to trust more, nick young or the German government?

[Springsteen]

they are not wrong.

as for the inevitable response from trumptards in this thread, who are you going to trust more, nick young or the German government?

but nick young told me the german government were cucks, surely he knows best

[qrich]

Germany bent over for Turkey and Erdogan, something Trump won't do but, like Obama, Hilary would. Not really a surprise.

[NumberSix]

What would letting in millions of third world migrants do to an economy?

[poido123]

Source

There will be an initial hit on the economy and market, no doubt.


Uncertainty and unpredictability gets investors worried.


Same thing that happened with Brexit, there will be an initial reaction, then a correction in the market with time.

[NumberSix]

Britain is projected to be the fastest growing economy next year.

[Nick Young]

but nick young told me the german government were cucks, surely he knows best

The British economy has improved post-leave vote.

Germany and the EU are desperately trying to sue Apple now to make up for the UK money they are about to lose in a few years.

[ThePhantomCreep]

Think wealth inequality is bad now? Trump's tax plan would make it 10x worse.

Even worse, of all his ridiculously shitty proposals, this one has the greatest chance of coming to fruition. The GOP Congress will make sure of that.

Amazing. As much as it harms them, poor stupid working class right-wingers love them some Reaganomics. The dumb saps don't know why.

[Patrick Chewing]

Is Germany trolling???

[NumberSix]

Think wealth inequality is bad now?

No.

[UK2K]

Too bad they're in Germany, because small business owners HERE think otherwise:

Small business says Trump is their pick for president

The jury is still out on how the presidential candidates will fare during the next debate, on Oct. 9, in the eyes of a key voter constituency: the small-business sector. The group that is composed of 28 million business owners is a major voting block in the upcoming election.

Yet if the last presidential debate is any guide, the Republican ticket has an advantage. According to an exclusive nationwide poll with Manta, a social network for small businesses, Trump won the first debate in the eyes of small businesses on Main Street.

Manta's survey, which polled a diverse group of 834 small-business owners nationwide between Sept. 26 and Sept. 28 revealed that Republican candidate and business mogul Donald Trump was the winner, with 58.7 percent. Democratic candidate Hillary Clinton garnered 41.3 percent of their vote.

https://www.google.com/amp/www.cnbc....ndroid-verizon

Not to mention... they're literally allowing themselves to be blown up in the name of PC. You want to be like them? Me either. They also thought it was a good idea to allow a flood of Islamic immigrants into their country with zero vetting. That was a good call too.

Enjoy.

[ThePhantomCreep]

No.

Of course you don't.

As much as it harms them, poor stupid working class right-wingers love them some Reaganomics. The dumb saps don't even know why.

[~primetime~]

No.

[NumberSix]

Of course you don't.

As much as it harms them, poor stupid working class right-wingers love them some Reaganomics. The dumb saps don't even know why.

I'm glad companies like Apple, GE, Mercedes, HBO, supermarkets, etc. exist and get super rich doing what they do. They make my life much better. Otherwise, I'd be living in a candle-lit log cabin spending my days doing farm work. I like living in a world of electricity, technology, medical innovation, travel, entertainment, etc.

Income inequality has worked out pretty well.