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MarketWatch First Take: Why Trumponomics won’t work, and Clintonomics could be even worse

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Republican presidential nominee Donald Trump speaks at an event hosted by the Economic Club of New York.

Let’s not quibble with the minutiae of Donald Trump’s latest attempt to make his numbers work. The bigger issue is that his tax-and-spending ideas don’t add up.

The plan, rolled out Thursday, revolves around reducing taxes, cutting spending and streamlining regulation. All standard Republican fare.

See:Trump says his plan could result in 3.5% GDP growth and 25 million jobs in a decade.

To put his target in perspective, last year the U.S. grew 2.6% (meh) and generated 2.89 million new jobs (great).

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