Where White House touts a boom, most economists see a blip

transporter

Well-Known Member
Where White House touts a boom, most economists see a blip
Yet it’s hard to find any outside mainstream economists who would agree with Kudlow’s assertion that the Trump administration can accelerate or even sustain that growth rate. Analysts generally expect that the benefits from Trump’s tax cuts and an additional $300 billion in government spending that he signed into law in February will gradually slow along with economic growth.

Most also say the Fed’s continuing interest rate hikes, combined with the trade conflicts Trump has sparked with most of America’s trading partners, could also limit growth.

“Economists are incredibly hopeful that the White House is right,” said Carl Tannenbaum, chief economist of Northern Trust. “Unfortunately, most economic analysis and past historical patterns suggest that we’re in the middle of a sugar rush that will wear off.”

Economists have generally forecast that the pace of annual economic growth will slip to about 2.5 percent in 2019 and then less in the subsequent years.

Even within the government, the leading forecasts are more sober. The Fed expects growth to slip to 2.4 percent in 2019 and 2 percent in 2020. The Congressional Budget Office said this week that growth would likely slow to 1.7 percent in 2020
.

In making his case Thursday, Kudlow played loosely with some data. As director of the White House National Economic Council, he noted that disposable personal income — the pay that people take home after taxes and adjusting for inflation — had climbed 3.1 percent over the past 12 months.

Not exactly. Kudlow was referring to total personal disposable income, which meant he didn’t factor in changes in population. On a per capita basis, the increase in disposable personal income is a more modest 2.3 percent — not much different from what it’s been since May 2017.

Kudlow...an absolutely perfect pick. He is even more unfit and incompetent in the role as CEA than Trump is at President...and THAT is saying something! But I am sure Kudlow is Gilligan's hero.
 

Monello

Smarter than the average bear
PREMO Member
[FONT=&quot]Some men see things as they are, and ask why. I dream of things that never were, and ask why not.[/FONT]
[FONT=helvetica neue, Helvetica, Arial, sans-serif] [/FONT]
 

Gilligan

#*! boat!
PREMO Member
But what does Teh Krugman think? Whatever it is, we can have a high degree of confidence that the opposite is true.
 

GURPS

INGSOC
PREMO Member
Kudlow ... an absolutely perfect pick. He is even more unfit and incompetent in the role as CEA than Trump is at President...and THAT is saying something! But I am sure Kudlow is Gilligan's hero.

Channeling Mr Krugman are you ..... more AP 'OPINION' Delivered as news or fact


:tantrum

Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.

You Were Saying .... You Miserable Git

:blahblah:



“Economists are incredibly hopeful that the White House is right,” said Carl Tannenbaum, chief economist of Northern Trust. “Unfortunately, most economic analysis and past historical patterns suggest that we’re in the middle of a sugar rush that will wear off.”

Economists have generally forecast that the pace of annual economic growth will slip to about 2.5 percent in 2019 and then less in the subsequent years.

Even within the government, the leading forecasts are more sober.



all predictions like the weather ...... Fantasy, Supposition, Innuendo and Unfounded OPINION
 
Top