A staunch Hillary Clinton supporter tries to point out all that’s bad about Trump’s plan… and it backfires.
A report by Moody’s Analytics was supposed to be critical of Donald Trump. It reads: “As the immigrants leave, the already-tight labor market will get tighter, pushing up labor costs as employers struggle to fill the open job positions. Mr. Trump’s immigration policies will thus result in … potentially severe labor shortages, and higher labor costs.”
The formal unemployment rate would immediately drop by a third, from 5 percent in 2016 to 3.5 percent in 2017, the report predicts. Housing prices would drop by almost 4 percent in 2018 and 2019, says the Moody’s report.
“Exactly the point!” says Breitbart. “Donald Trump’s immigration and labor reform policies would:
- Force down unemployment
- Pressure companies to raise wages and salaries for the American workers
- Make Housing cheaper for young families
Moody’s report is being used by Trump critics to make it appear all doom and gloom. But in reality, it’s good news for middle-class Americans and the American worker, whose income has been flat for decades.
Breitbart says top-level Democrats are the ones who will feel the pain initially, because wealth will shift from the Wall Street Clinton backers to the Trump backers on main street. The report claims stock prices will tumble by almost 30 percent – because the departure of illegal immigrants will force up salaries and reduce the number of people subsidized by the government at the expense of American taxpayers.
And Moody’s thinks this is a bad thing.