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Posted on 03/26/2017 9:36:35 PM PDT by Olog-hai
U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump’s promised tax cuts and infrastructure spending are implemented, a survey found.
The economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by the National Association for Business Economics. Those rates would be up from 2016’s anemic pace of 1.6 percent.
Still, those rates are below the 3 percent to 4 percent growth that Trump has promised to bring about through steep corporate and individual tax cuts and more spending on roads, airports and tunnels. Most of the economists surveyed assume that a tax reform package will be approved by Congress this year. About two-fifths expect an infrastructure spending proposal to pass this year, while rest forecast it will happen in 2018 or beyond. …
(Excerpt) Read more at bigstory.ap.org ...
Methinks The Ape Pee will not revisit this story a year from now when it has been proven utterly wrong.
just space-filler
The Ass. Press doing news predictions again.
Okay, let’s look at some important points.
Last year the economy grew at 1.6%
According to THESE economists, this year they predict 2.3 %.
Considering we are 3 months in to 2017.
If proposed tax rates pass, they won’t be implemented for another 3-6 months.
Secondly, the article states “according to 50 economists surveyed by the National Association for Business Economics.”
This is AP (Associated Press), who has been known to be creative with reporting.
The question to ask is “HOW MANY economists were actually surveyed?”
What were the qualifications of these economists?
What were their fields of experience and “expertise”?
Surveys can be made to look any way you want, by misleading questions.
Or cherry picking results.
This article tells us nothing except
1: 50 economists
2: said such and such.
I didn’t see any predictions as to what Trump and Congress will provide in the way of job stimulus, so any forecast by these expert buffoons is total BS!
Oh. A survey. I’m so impressed.
How many? Ask Obama. Whenever he talked about any experts that supported his agenda, it was always ALL ECONOMISTS or ALL CLIMATE SCIENTISTS agreed with whatever he said.
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AP, give it time. 50 politicians said Hillary would win. Time tells all. The Donald doesn’t play games, he gets results.
Paul Ryan and Sleezy Scale plan in sabotaging Obamacare in action
How did he get away with insisting he kissed every broad? Very few resisted. Hated that assho8e.
This is settled economics now?
First thing I'd want to know is how much did the economy grow between mid 2007 (when Omugabe looked like he had a good chance to be nominated the first time) and Dec 2016 (when he was busily sabotaging every federal agency and policy ahead of the Trump inauguration.)
Real growth with real facts, not Obama growth backed by Obamafacts, aka pure horse puckey... Complete with giving away to the koranimals, adding hundreds of billion$ the final weeks, adding to tripling the national debt, as a special bonus. .
how often did we drink when we read “unexpectedly” in the last 8 years? hmm, ap?
and also it does not seem to take into any consideration the fed, which seems to be a wild card at best, and actively sabotaging trump at worst. hmm, ap?
and who picked the 50 economists from among all those in the NABE. hmm, ap?
Oh, my gosh. I couldn't WAIT for Unemployment Thursday and Revised Numbers Friday.
It helped that Obama raised interest rates for the first time in 8 years on his way out the door.
Well, I’m confident the LEFT will try everything they can to make the changes as SLOW as possible; and the result will be an excuse for the LEFT to continue to talk down the President.
THE GOAL IS: TO GET TRUMP TO LOSE IN 2020.
By July, we should be able to see the results of the 2nd quarter.
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