Wharton business school says there’s no ‘positive impact on economy’ from Kamala’s budget plans

Democratic presidential candidate Kamala Harris claimed during a livestream event with Oprah Winfrey on September 19 that her big spending plans were endorsed by the Wharton School of Business because they would “strengthen the economy." Wharton signaled no such approval, Newsweek reported.

Harris claimed that her economic policy of big spending and price controls would be a boon for Americans and for businesses "and that is why Goldman Sachs ... is why Moody's, which is why Wharton School of Business, which is why 16 Nobel laureates, have collectively determined after analyzing our plans" that they would "strengthen the economy, his [Trump’s] would weaken it."

But Harris was either misinformed or lying. Wharton School of Business responded to an inquiry from Newsweek by saying it had not endorsed Harris’ economic policy. "We did not find a positive impact on the economy from her plan in any future year. The Trump plan does increase GDP for a few years but lowers by the end of the 10-year budget window," a spokesperson for the University of Pennsylvania's Penn Wharton Budget Model (PWBM) said.

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