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making America Break again: DT's Trickle Down economics will cost economy $1 Tril, 4 mil jobs lost
http://money.cnn.com/2016/09/14/news/economy/donald-trump-economic-plan-1-trillion/His presidency would cost the U.S. economy $1 trillion over the next five years, according to Oxford Economics, a British forecasting firm with offices in the United States.
The analysis comes ahead of Trump's big speech on Thursday at the Economic Club of New York, where he's expected to offer more clarity on his economic policy promises.
Oxford Economics found that if fully implemented, Trump's economic, tax and immigration policies would cost 4 million U.S. jobs, weigh down global growth and U.S. consumer spending, and could spark a trade war with other nations.
"Combining these policies together, the impact could be significantly negative for the U.S. economy," says Jamie Thompson, head of macro scenarios at Oxford Economics.
Oxford's figures are in line with other analysis. The University of Pennsylvania's Wharton Budget Model forecasts Trump's immigration policy costing 4 million jobs and Moody's economist Mark Zandi -- a Clinton supporter -- also forecasts a similar job loss under Trump.
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