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7 reasons why Trump’s promise of 4% GDP growth won’t happen in 2017 (From March, 2017)
MarketWatch ^ | March 18, 2017 | Jeff Reeves

Posted on 12/18/2017 9:51:14 AM PST by Ken H

I won’t relitigate the specifics offered up by many economists who were skeptical of Trump’s growth claims — among them the Committee for a Responsible Federal Budget, which said 4% growth “is nearly impossible to achieve over a sustained period.” The fact that politicians make almost naively optimistic commitments on the campaign trail is nothing new. And the fact that Trump lives in a warped reality all his own is pretty much the defining feature of American politics right now.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
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From today, Dec 18, 2017 =>

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

https://www.reuters.com/article/us-usa-economy-nyfed/n-y-fed-raises-u-s-fourth-quarter-gdp-growth-view-to-near-4-percent-idUSKBN1E9292?il=0

1 posted on 12/18/2017 9:51:14 AM PST by Ken H
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To: Ken H
Laughing cuz most said we'd never get to 3%.

You want wine with your crow?

2 posted on 12/18/2017 9:53:10 AM PST by Sacajaweau
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To: Ken H

The naysayers. You’re stupid to listen to them. They’re usually wrong and have absolutely no accountability.


3 posted on 12/18/2017 9:53:12 AM PST by Jim W N
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To: Ken H

So the Committee for a Responsible Federal Budget is a FAKE.


4 posted on 12/18/2017 9:54:09 AM PST by Kozy (new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
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To: Ken H

This is why I seldom pay attention to the “experts”.


5 posted on 12/18/2017 9:54:30 AM PST by DoughtyOne (McConnell, Ryan, and the whole GOPe are dead to me. Are Alabamans tired of winning?)
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To: Sacajaweau

White wine with crow!


6 posted on 12/18/2017 9:54:46 AM PST by miss marmelstein
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To: Ken H

“.. the fact that Trump lives in a warped reality all his own..”

Jeff Reeves sure looks the fool now doesn’t he? Although, it’s not like it would take much for a Trump hater to look like a fool.


7 posted on 12/18/2017 9:55:35 AM PST by Flavious_Maximus
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To: DoughtyOne

They have business cards so someone can tell them how to get home.


8 posted on 12/18/2017 9:57:27 AM PST by blackdog
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To: Ken H

You can pull up the stat’s prior to 2000, and find that we tended to pull 3.5-percent or more....four years out of every five.

The Bush and Obama era was a ‘joke’. All of these economists are used to 1-percent to 2-percent and think it’s normal. It’s like talking about CD-rates....it was the norm in the 1980s to mid-90s to have six to eight percent....sometimes even getting ten percent.


9 posted on 12/18/2017 10:01:38 AM PST by pepsionice
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To: DoughtyOne

Expert = Paid shill

Highly respected expert = Highly paid shill


10 posted on 12/18/2017 10:01:40 AM PST by Ken H (Best election ever!)
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To: Ken H

Reminds me of the same idiots that said the Dow will never get to 25000


11 posted on 12/18/2017 10:02:30 AM PST by BradtotheBone (When I die I want the GOP to be my Pallbearers, so they can let me down one last time.)
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To: Ken H

I think you’ve nailed it.


12 posted on 12/18/2017 10:07:04 AM PST by DoughtyOne (McConnell, Ryan, and the whole GOPe are dead to me. Are Alabamans tired of winning?)
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To: DoughtyOne

And they gave Paul Krugman a Nobel for economics.


13 posted on 12/18/2017 10:11:09 AM PST by EQAndyBuzz (We're CNN. We're not lying, we're just incompetent!)
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To: Ken H

Wow. It’s amazing how effective the Obama economic policies have been. Hopefully, Trump won’t screw them up. (/sarcasm)


14 posted on 12/18/2017 10:15:56 AM PST by CommerceComet (Hillary: A unique blend of arrogance, incompetence, and corruption.)
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To: Ken H

I don’t remember Trump saying 2017. But yes, we should hit almost that by Q4!!!


15 posted on 12/18/2017 10:19:42 AM PST by jdsteel (Give me freedom not more government)
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To: Jim 0216

I have bookmarked Jeff Reeves’ article. I will be sending him a email to remind him about who really “lives in a warped reality all his own.” Experts are experts in patting themselves on the back. Paul Krugman gets a Nobel for economics Obama get one for peace.


16 posted on 12/18/2017 10:25:11 AM PST by Vehmgericht ( stop)
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To: Ken H

“And the fact that Trump lives in a warped reality all his own”

the c*cksuc*er’s bias is obvious.


17 posted on 12/18/2017 10:25:36 AM PST by I want the USA back (*slam is not a religion. It is a political movement to establish a religion.)
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To: Ken H

Liberals are such dumbasses. Trump walks in and the economy booms.

Nobody is buying what your selling. It happens every time.

Liberals will use a robust economy to further a government that kills it. Trump is getting rid of them one step at a time.

Libtards across the land told me how the market would tank with Trump. I hope they pulled out last December.

Their existence in the USA is useless and demonic.


18 posted on 12/18/2017 10:32:19 AM PST by eyedigress ((Old storm chaser from the west))
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To: EQAndyBuzz

LOL


19 posted on 12/18/2017 10:35:25 AM PST by DoughtyOne (McConnell, Ryan, and the whole GOPe are dead to me. Are Alabamans tired of winning?)
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To: Ken H

That moron’s lips had to be pried off Obama’s nether region with a crowbar.


20 posted on 12/18/2017 10:56:31 AM PST by CurlyDave
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