Posted on 07/27/2018 5:43:25 PM PDT by Beave Meister
With the political world deeply focused on the question of whether the Trump administration comprises a gang of Russian pawns, less attention has been devoted to more mundane questions, such as what ever happened to Trump's economic policy?
As it happens, economists are keeping their eye on that ball, and their conclusion is that it's in a bad way. More specifically, they recognize that Trump's policy is aimed heavily at achieving annual economic growth of more than 3%.
During the presidential campaign, Trump promised growth of 3.5% a year, and sometimes even 4%. There's no disagreement that a sustained growth rate of this magnitude would be a significant achievement. Over the past decade, the economy has grown at an average of about 2% a year. The Congressional Budget Office forecasts an annual average of about 1.9% well into the next decade.
The U.S. hasn't had sustained real annual growth (that is, over inflation) of better than 3% since the 1990s, with a brief spurt in 2004 and 2005. Making up the difference from 2% to more than 3% looks like a pipe dream.
(Excerpt) Read more at latimes.com ...
Nobody curious about what things would be like if he weren’t under the greatest assault 24/7 of any American President in the history of the USA?
Hey Mr. HILTZIK....
Funny guy...
Now Suck One!
Journalists and academics are very seldom right. That’s just the way it is, and it’s based upon their very simplistic superficial understanding of the world. Amusingly, they think they understand more than the rest of us.
Newspaper. Sheet!
Just think if Trump had a filibuster proof Senate that would vote for his agenda how successful he could be.
We must all be dreaming then.
“Just think if Trump had a filibuster proof Senate that would vote for his agenda how successful he could be.”
Here’s hoping for next January!!!
The nice thing about journalists is that no matter where you are on the talent spectrum, you can ALWAYS look down upon them with little chance of being proved incorrect.
DEAR LEFT, Don’t you hate being “right”, all the time? /s
What’re they going to say when it hits 5% or 6% do you think?
Pork Bellies!
MICHAEL HILTZIK
I have learned the Miltzik regularly gets the most views at the LA Times web site. Pathetic.
Also, LA Times just moved to El Segundo from their famous downtown building, because the LA Times could not afford the $1 million monthly rent on the old building. Question: Why is the LA Time paying rent after working in LA for over a hundred years? Garbage newspaper.
Dream bigly!
Lots of pundits having crow for dinner tonight.
Trump could have 60 GOP and probably 10 of the fools would split off and vote with democrats anyway. The swamp needs to be turned upside down.
Thank you.
Reading this article brings on the same joy as watching an election night video.
Economic growth of 3% is next to impossible, as is Trump getting 270+.
The bubble is gonna burst!
The main problem with liberals editorializing on the economy is that they know very little about economics.
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