The Worst-Case Scenario for the Economy Under Trump Just Happened in Another Country

Washington Post: “While there are a number of important differences between the Brazilian and U.S. economies, Rousseff’s policies arguably offer a cautionary example for newly empowered Republicans in Washington.”

“More than any U.S. politician’s platform, Trump’s agenda on the economy resembles those of populist leaders abroad. In particular, the policies he has proposed are very similar to those of Dilma Rousseff, the former president of Brazil who was ousted from office in August.”

“As Trump has planned to do, Rousseff enforced restrictions on imports. She promised new spending on infrastructure and granted generous subsidies to corporations with the goal of stimulating the economy, especially manufacturing.”

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