Posted on 05/01/2018 11:38:06 AM PDT by SoFloFreeper
The US economy could grow at or above President Trump’s goal of 3% this year. And White House economists predict it’ll be that way indefinitely.
Former Treasury Secretary Larry Summers sees it differently.
“Yes, we are growing at a reasonably rapid rate, but it’s taking unsustainable fiscal deficits to drive us to that point,” Summers told Yahoo Finance at the Milken Institute Global Conference in Los Angeles. “It’s taking unsustainable increases in credit to drive us to that point. It’s taking unsustainable increases in asset prices. You can always generate a sugar high. The real problem for us is not achieving growth, but achieving sustained, healthy growth with a financial environment that’s sustainable.”
In 2013, Summers laid out a “secular stagnation” hypothesis, arguing that economic growth would remain chronically low for a variety of factors. For the second term of the Barack Obama’s presidency, that seemed to be true—annual growth rates averaged just 2.2%, well below historical norms for a recovery period.
(Excerpt) Read more at finance.yahoo.com ...
and yahoo fake finance news has this as a major headline.
Put the Tariffs in place. We’ll see economic growth and reduce debt.
Quack, Quack, Quack!
So after $20 TRILLION in deficits, deficits are bad? How transparent they are!
Our malaise under Obama - That was sustainable. Right Larry Summers?
Yahoo.com = Yellow-bellied Airheads Hotair On Overdose.com
Don’t believe these Lying Leftist Media outlets that proved themselves during the 2016 campaign to be operatives of the DNC and intentional liars. They are presumed to be lying and we should presume what they publish is a lie. The presumption can only be rebutted with the outlet providing clear and convincing evidence they are not lying.
Why not post the TRUTH about the lies? You don't have to use the liar as the source to post a headline that alerts readers to a published lie. Use yourself as the source or a reasonably reliable source that addresses what the Lying Leftist source is saying. That way you have a headline and a source that your readers can reasonably rely on and they go away more informed about the lie AND the truth.
If this story is true and has some redeeming value, at least get the story from a reasonably reliable source, not from a known Lying Leftist operative posing as a “news” organization. You’ve done the Patriotic Right a service. Much better than the mindless repetition of lying sources and their lying headlines.
If we’re told a lie, don’t repeat it. Neutralize the lie by speaking the truth. Lies aren’t defeated by repeating the lie. Lies are defeated by repeating the truth. We should have our eyes on the prize - in this case, politically, what it takes to recover our Free Constitutional Republic. That should be what we major on and focus on.
IMO, if a poster can't be bothered to do that, then they shouldn't post. If they're going to be bothered to post, do it right. We're on a mission here.
So deficits bad now? When Ebola was large and in charge, I don’t remember it being a problem, and we didn’t even get growth with it then. Tool.
Summers, and to some extent Krugman, are smart guys, but they are partisans; in the case of Krugman, an unhinged partisan.
Trump will never catch a break from them, even if peace breaks out all over the world and growth hits 5%.
Still, they have to end.
Or we’ll be at 200 percent debt to GDP lie Japan soon.
And it CAN be done quite quickly and smoothly but RINOs are worthless creatures that should be extinct.
Another Graduate of the Nancy Pelosi School of Progressive Economics.
How does he know?.................
To be honest, I was surprised we haven’t started seeing a modest uptick in economic growth with the tax cut in place. Yes, it’s a tad soon for it to totally ripple through the economy, but I read someplace where the first quarter pulled back closer to 2%. It would have been more comforting to see it remain closer to 3% or maybe even slightly above. A couple of business friends of mine are seeing customer order pull backs since the first of the year.
Any opinion of a NWO stooge is a worthless as a cup of warm spit.
Yea, they were bad then, and they are bad now. Not much has changed when it comes to spending.
Trump had a very good plan to get the economy going and put people currently on the dole or disability back into the workforce and the Republican Congress sabotaged that plan
And Obama’s malaise was quite sustainable, right Larry?
As I recall from Nancy Pelosi, George W Bush gave us the worst economy since Hoover. Bush, in 2006 or so, had something like $160B deficit. Can you imagine?? That’s huge!! It boggles the mind!! It crippled our economy and put us in a deep hole — but, fortunately, Obama became president in 2008 and managed to dig us out of that hole by giving us $1T deficits for a number of years. A smart move on the whole, and the only way to recover from Bush’s overspending.
And now, with $20T in debt, and the US looking awesome, we totally blow it by putting Trump in the White House and he comes along with his 3.3% annual economic growth. OMG! We’re all gonna die!
Wait. What plan was that?
We learned in Econ 101 that economists (the ‘experts’) predicted 20 out of the last 5 recessions.
To the extent freedom is unleashed on the general population, we will have strong, sustainable real economic growth as far as the eye can see.
If we turn into a tyrannical, fascist wasteland then we can expect to devolve into another No. Korea - economically and culturally.
Simple as that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.