For many journalists, predictions have been more important than facts

Whenever journalists and other Democrats want to put out a negative article on the economy when the economy looks pretty good, they can always go to Moody's and Mark Zandi.  Now Zandi is pulling numbers out of a hat to say Trump's trade war will cost 450,000 manufacturing jobs by the end of this year and 900,000 by the end of next year. Trump's trade war has killed 300,000 jobs Forecasting firm Moody's Analytics estimates that Trump's trade war with China has already reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war. That's a combination of jobs eliminated by firms struggling with tariffs and other elements of the trade war, and jobs that would have been created but haven't because of reduced economic activity. The firm's chief economist, Mark Zandi, told Yahoo Finance that the job toll from the trade war will hit about 450,000 by the end of the year, if there's no change in...(Read Full Post)
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