Analysis: Biden victory, Democratic sweep would bring biggest boost to economy

September 24, 2020 ☼ bidentrump

Source: The Hill - Link

A victory for Democratic presidential nominee Joe Biden, a Democratic takeover of the Senate and defense of the party’s House majority in the November elections would be the best outcome for the U.S. economy, according to an analysis released Wednesday by Moody’s Analytics.

In an analysis of potential Election Day outcomes based on the economic proposals of President Trump and Biden, Moody’s found that a Democratic sweep would bring the quickest return to full employment, highest number of jobs added and best rebound in economic growth.

“The economic outlook is strongest under the scenario in which Biden and the Democrats sweep Congress and fully adopt their economic agenda,” wrote Moody’s Analytics chief economist Mark Zandi, who provided economic analysis for the late Sen. John McCain’s (R-Ariz.) 2008 presidential campaign, and economist Bernard Yaros.