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Progress? Gridlock? How midterm vote could affect US economy

How the results of the midterm congressional elections stand to affect US economy

AP Reported by: AP
Published on: October 30, 2018 22:00 IST
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WASHINGTON (AP) — President Donald Trump has warned that if Democrats regain political power in the midterm elections, the U.S. economy would essentially implode.

Democrats, he insists, would push tax hikes and environmental restrictions that stifle growth. Undocumented immigrants would steal jobs and unleash a crime wave that would halt commerce. Health insurance would devolve into a socialist program offering shoddy care at unsustainable cost.

"At stake in this election," Trump declared at a rally in Houston, "is whether we continue the extraordinary prosperity that we've all achieved or whether we let the radical Democrat mob take a giant wrecking ball and destroy our country and our economy."

Almost no private economist agrees with Trump's portrait of a financial apocalypse.

If Democrats win the House, their priorities wouldn't likely much alter the economy.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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