LA Times Article Scoffing at Trump’s Delusional Belief He Could Get to 3+% Growth Didn’t Age Well

If Trump thinks he can get more than 3% economic growth, he’s dreaming.

LA Times-

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.

In fact, the only place one can find confidence about a growth rate of 3%-plus is inside the Trump administration, where Treasury Secretary Steven Mnuchin says it’s “very achievable.” But he would say that, wouldn’t he? After all, Trump’s economic doctrine is dependent on it. Without such growth, Mnuchin’s promise that the Trump-backed tax cut would “pay for itself” is a fantasy.

Trump says to leftist idiots, “here, hold my Diet Coke. I’ll show you incompetent know-nothings how it’s done.”

11 Comments on LA Times Article Scoffing at Trump’s Delusional Belief He Could Get to 3+% Growth Didn’t Age Well

  1. The one thing Trump has taught us, to be strong economically and have strong foreign relations, just undo whatever the democrats have done.

  2. Mike has been a leftist “Bush Republican” for decades. Like the “Conservative” Jenn Rubin at the Post.

    They both have been big fans of Don for years! Neither would ever denigrate him maliciously!

    The 2nd para is facetious. Of course both these “Bush Republicans” are leftists and like most far left GOPers they are NeverTrump! He was attacking Don with what he likely knew were lies; but hoped they would come true.

  3. Almost all of the media are hoping for President Trump to fail even though that means our country will fail.

  4. They’re so desperate for some dirt but keep coming up dry. They can no longer manipulate and contort the news and have to settle for their misguided projection.

  5. A “side effect” of a good economy is that there is plenty of money for government (unfortunately). Current rates of velocity (the rate at which money exchanges hands) is filling the coffers of those states that have sales tax. Look for those states that don’t have one to try to institute a sales tax.

  6. I read the whole article. The author and the e-commie-ists he cites are all skewed with Leftist ideology. Clueless experts. They’re like little children. You can picture them sucking their thumb between sentences.

  7. It blows their Leftist minds that the economy booms when the government gets out of the way instead of getting involved.

  8. Wasn’t it the anointed magic Won that said we should get used to 1-2% growth because it’s never going higher?

    Taking notes, Zer0? Just in case someone asks you to lead (aka, set the tone) again.

    See what happens when the government hands out money – Cash for Clunkers – TARP – QE1,2,3,4 – Incentives for green liberal farces – and then CONTINUES to blame the entirety of his failed tenure on the previous administration?

    4% growth for the quarter – That’s about, what, 1-1/2 years of Obama stuttering? Bwuahaha!


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