Barack Obama must be writhing in pain. All of his work to destroy the American economy has been crushed by the Trump economy. And it’s not over yet!
Critics scoffed when President Trump unveiled his budget proposals last spring. They might not be scoffing much longer.
Trump’s budget proposal in May showed the government achieving a balanced budget in large part because it forecasted the economy to grow at 3 percent, a dramatic increase from the sluggish 1.6 percent growth in the final year of the Obama administration. Many economists, however, said the number was unrealistic.
The Federal Reserve and the International Monetary Fund predicted the economy would grow by just 2.1 percent this year. The Congressional Budget Office predicted the economy would grow by an average of just 1.8 percent during the next decade.
… The Trump administration itself said the economy in 2017 would grow by around 2.3 percent, only rising to 3 percent by 2020.
But even as good economic data piled up, economists stubbornly clung to their gloomy outlooks. Economists polled by Reuters predicted the economy would grow at a 2.6 percent annualized rate in the second quarter, which was on target for the initial reading the Commerce Department released on July 28. A month later, economists predicted a slight upward revision to 2.7 percent and were surprised when the Commerce Department’s second reading in August said the economy grew at a 3.0 percent rate.
More winning. Doesn’t it feel great? It makes it feel even better to know the left is squirming as the results from a Trump presidency grow stronger.