Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DonViejo

(60,536 posts)
Sat Oct 1, 2016, 09:40 AM Oct 2016

German economic ministry: A Trump presidency would destroy the US economy

Source: Reuters

01 OCT 2016 AT 08:13 ET

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.”

-snip-

Read more: http://www.rawstory.com/2016/10/german-economic-ministry-a-trump-presidency-would-destroy-the-us-economy/

7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
German economic ministry: A Trump presidency would destroy the US economy (Original Post) DonViejo Oct 2016 OP
K&R smirkymonkey Oct 2016 #1
All Republican Presidents Harm The American Economy Yallow Oct 2016 #2
Everything would shutter in a Trump Presidency bucolic_frolic Oct 2016 #3
This is something that should be getting a lot more attention. Paladin Oct 2016 #4
What about Congress? oberliner Oct 2016 #5
And destroy the "United" in United States. He'd provoke nationwide vigilante gun justice, too. ancianita Oct 2016 #6
Can you see it if Trump wins "How can so many be so stupid AGAIN" Old Vet Oct 2016 #7
 

Yallow

(1,926 posts)
2. All Republican Presidents Harm The American Economy
Sat Oct 1, 2016, 09:47 AM
Oct 2016

Help the rich rob the poor doesn't work.

Trickle down garbage is all they have.

bucolic_frolic

(42,672 posts)
3. Everything would shutter in a Trump Presidency
Sat Oct 1, 2016, 09:48 AM
Oct 2016

Everyone would be tweeting their anxieties at 3am

Supply and distribution channels would dry up

Manufacturing would stop

Hoarding would be the main activity of people of substance

Just like the Soviet Union - lines everywhere

Paladin

(28,202 posts)
4. This is something that should be getting a lot more attention.
Sat Oct 1, 2016, 10:28 AM
Oct 2016

A Trump presidency would have a ruinous effect on domestic and world markets. I have several acquaintances who are talking about cashing out their retirement funds, should The Mad One make it into the White House. We ought to be beating this threat like a drum.

 

oberliner

(58,724 posts)
5. What about Congress?
Sat Oct 1, 2016, 11:43 AM
Oct 2016

Wouldn't a Dem majority in Congress be able to prevent those pledges from being implemented?

ancianita

(35,812 posts)
6. And destroy the "United" in United States. He'd provoke nationwide vigilante gun justice, too.
Sat Oct 1, 2016, 11:54 AM
Oct 2016

Worse, he'd allow his billionaire cohorts to enrich themselves as they turn this continent into one big wasteland while churning out its water, oil and mineral resources for the rest of the world.

It would become the biggest polluted Pottersville in human history.

Old Vet

(2,001 posts)
7. Can you see it if Trump wins "How can so many be so stupid AGAIN"
Sat Oct 1, 2016, 11:59 AM
Oct 2016

They must think were totally off our fucking rockers around the world

Latest Discussions»Latest Breaking News»German economic ministry:...