Mike Gallagher’s going to look pretty damned stupid when Trump’s prediction of 9% growth turns out to be pessimistic.
Last year, they were saying that 3% growth was impossible too.
I would be curious to know ihow this same expert described the economy during the Obama years.
They haven’t learned a thing. I would never, at this point, bet against The Donald.
” Gallagher told CNBC”
That’s all the reader of the article has to see...…
to know this story is pure unadulterated BS!
Trump speaks the Truth!
A financial writer for NY Post wrote that the real adjusted for inflation GDP was actually 5.4% so let’s see. Barry said we should get used to 2%.
I think this Arthur C. Clarke quote probably applies to economists/financial strategists as well:
“When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong.”
If the congresscritters could get some spending under control, you might see gasoline prices drop on growing strength of the USD. Cheap energy + lower taxes + lower gubbamint spending = booming economy! :-).
https://tradingeconomics.com/united-states/gdp-growth
Please save this for when the prediction turns out to be a joke.
we have to remember that Obama throttled growth and that makes me thin that 6-9 percent growth might be possible for the short term till pent up potential is spent from what the Obama years did.
Shoot for 9% and get 6%.
That’s victory.
“Make no little plans”, Mr. Amaro.
Is it my imagination the technology stocks continue to fall simultaneously like clockwork...collusion? Perhaps to cause havoc on the economy before the midterm elections? Sure is suspicious all of a sudden the tech companies, Apple Twitter Netflix Amazon Facebook are on a spiral spin ....somethings rotten in Denmark! Money to them is no object!! They can afford to lose a few billion! They are so sickening filthy rich a few billion won’t hurt them!
I have been saying 6 to 8% POTUS is shooting for 8 to 9%, I guess I wasn't Trumpian enough, I undershot.
BTW, think of all the Parasite Drag that hasn't yet been removed and Thrust added....
The drag: Dodd Frank rehab not up to speed, Obamacare not totally gone and replaced with AHP's and Direct Primary Care, that is 2% GDP right their.
The Thrust: All the LNG projects in LA and TX aren't up and running and netting positive balance of trade, Coal exports, getting our balance of trade spot on and NAFTA almost gone. So what are these all worth, 2 or 3 points?
We are @ 4.1, so add another 2 + 2 or 2 + 3 and we are at 8 or 9.
He is not freakin' crazy, if I can do this on the back of the envelope why can't all the braniacs in Fox Biz, Bloome, and MSLSD not see it?
And that is not including the Electric Car / 2nd Gen battery revolution that will kick in in his term....
Gloating bookmark for later.
Whenever an “expert” tells me my immediate response “How much of your personal money are you betting that ….. is impossible. if THERE IS NONE OF THEIR PERSONAL MONEY ON THE TABLE, ALONG WITH MY COUNTER BET, Then I know I am dealing with a hot air merchant, at best.
What’s the classic saying about money and BS?
In the year 2 AD (After Donald) everyone in the establishment looks like an idiot to me especially “economists”. They are all full of sh!t.
” this policy has been the driver of the current strong performance of the U.S. economy; but its benefits are only temporary. “
false and false ... tax reform is only one of many economic drivers that President Trump and the GOP Congress have started, and neither tax reform nor President Trump’s many other new economic drivers have even come close to full fruition yet ... hundreds of billions of overseas profits repatriated into the U.S. have yet to be invested into new manufacturing infrastructure, the multiple multi-billion factories in the U.S. announced by foreign companies have yet to come online, and we haven’t even started the benefits of the EU caving to tariffless trade with the U.S. ...