Hillary for Virginia is announcing new analysis that shows Virginia could add 271,000 jobs under Hillary Clinton’s economic plans, while it could lose 89,000 jobs under a Donald Trump presidency.
The findings are based on two recent reports by Moody’s economist and former adviser to John McCain, Mark Zandi. Zandi’s analysis showed that under Clinton’s plans, the economy overall would create 10.4 million jobs nationwide while under Trump, the economy would lose 3.4 million jobs and the nation would plunge into a “lengthy recession.”
Clinton has pledged to make the largest investment in good-paying jobs since World War II in her first 100 days in office. This plan would grow jobs in Virginia by making the boldest investments in infrastructure since President Eisenhower built the interstate highway system, investing in Virginia’s manufacturing, and cutting taxes and reducing red tape for Virginia’s small businesses, among other provisions.
“Hillary will break through Washington gridlock to make the biggest investment in good-paying jobs since World War II, putting us on a path to a stronger future,” said Congressman Don Beyer. “She will help rebuild our roads, bridges, and airports, and invest in our public transportation – including our Metro rail system…With Hillary Clinton’s help, we can make this progress happen and we can create new jobs in the process.”
“A job is more than just a paycheck. It allows hard-working people to get ahead, it gives those who have made mistakes in their past to get their life on track, and it provides parents the opportunity to provide a better life for their children,” said Congressman Bobby Scott. “Hardworking Americans can’t afford another recession brought by Trump. Hillary Clinton is the only candidate who will ensure our economy in Norfolk, Virginia, and as a country continues to grow and thrive.”
“As a member of the Virginia House Commerce and Labor Committee, I know steady and continued economic growth requires investment and support of our new and growing industries,” said Delegate Jennifer McClellan. “Hillary Clinton understands this, and has pledged in her first 100 days in office to make the biggest investment in good-paying jobs since World War II, putting us on a path to a stronger future.”
“In Virginia, we would see a gain of 270,000 jobs under Hillary Clinton and a loss of about 90,000 jobs under Donald Trump,” said former chief economist and economic adviser to Vice President Joe Biden, Jared Bernstein. “Those are two extremely different visions for the American economy and I know which one will work for American households.”
A full fact sheet on today’s analysis of Zandi’s findings and additional details on how Clinton’s 100-Days jobs agenda would benefit Virginia and create jobs is attached. The estimated job gains and losses in Virginia under Clinton’s plans and Trump’s plans were calculated by distributing Zandi’s national projections evenly among the states in proportion to their populations.
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