Guess if you are going to dream, dream big... Unless Trump can wave his magic wand and bring fuel down to a $1.50 a gallon overnight I truly will be shocked and amazed and impressed!
“This is bad news.”
— Major Media
Better hope the Fed is on board because going back to Mr. Andrea Mitchell, they like to raise interest rates to cut off high growth just like it was done in the first Trump administration.
Boasting becomes a negative when the boast turns out to be false.
It would be good enough to just say “the economy will do very well” and let the results speak for themself. It is the results, if they are good that will be positive, and no boasting needed.
Hassett argued, “Remember that the 2 percent number that you saw for GDP growth, the reason why it was 2 percent and not 4 or 5 percent was that we imported a record number of capital goods because we’re building all these factories.” Guess we don’t have those capital goods here.
I’ve been saying for a while, all the investment in new factories, expanding factories and in data centers in the US is going to cause a big surge in the economy. The only question is when it kicks in. I suspect the last 6 months of this year you will see it kick in in earnest.
A nation facing our demographic disaster isn’t going to be getting 7.5% GDP growth anytime soon unless we flood the country with 100M new immigrants.
6% to flatten the curve.
Capital Stock Adjustment Theory says this is possible.
Optimistic about better growth forecasts, but I will wait for the actual numbers.
AI
As if it wasn't the government deficit spending that caused the inflation.
Riiight.
“I had the head of one of the big five banks in my office yesterday going through credit card data … and credit card spending is through the roof,” Kevin Hassett told Fox Business's Maria Bartiromo.
“They're spending more on gasoline, but they're spending more on everything else too,”
GDP at 6% would also mean massive government spending as well.
Admin wants a 1.5Tril Defense budget. Admin doesn't even talk about massive cuts to government nor the promised Covid Reparations from China or Tariff dividends.