SACRAMENTO -- Hillary for California today announced a new analysis that shows California could add more than 1.2 million jobs under Hillary Clinton's economic plans, while it could lose 414,000 jobs under a Donald Trump presidency. That’s on top of the 2 million new jobs California has already added since Governor Jerry Brown’s election in 2010.
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."
“Donald Trump has gotten rich by stiffing contractors on his construction sites and outsourcing his ties and shirts to China and Bangladesh. We need to create jobs here in California not ship them overseas, and that’s what electing Hillary Clinton and Democrats to Congress would do,” said California Democratic Party Chairman John Burton.
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 California by making the boldest investments in infrastructure since President Eisenhower built the interstate highway system, investing in California’s manufacturing, and cutting taxes and reducing red tape for California’s small businesses, among other provisions.
The estimated job gains and losses in California 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.