In addition, the report said the Trump plan would roll up another $11 trillion in national debt, trigger a trade war with China and push unemployment higher.
"It is based on flawed assumptions that the authors admit 'are our own,' and these assumptions grossly misrepresent the Trump campaign's policy statements on the economy, trade, tax reform, and immigration." Navarro said he examined the Moody's analysis — which resembled critiques from other Wall Street economists — at the behest of the Trump campaign, though he said his response was independent of influence from the campaign.
"Under the threat of Trump's countervailing tariffs, Chinese leaders realize they no longer have a weak leader in the White House, and China ceases its unfair trade practices," he wrote.
Both the U.S.
Zandi has also been an instigator of, and chief apologist for, the failed Keynesian fiscal and monetary stimulus policies of the Obama presidency — a presidency marked by slow growth, stagnant wages, a near doubling of government debt, and a likely recession as Obama leaves office," he wrote.