RSSUSA GDP could top 4% in 2nd quarter
AND THEY SAID IT COULDN’T BE DONE …
President Donald Trump’s economy is zooming along, 4% GDP in for the 2nd quarter is a strong possibility says many economists.
Dear Mr. Obama, it appears that President Trump does have a Magic Wand …
The U.S. economy appears to have gotten quick out of the gate in the second quarter and it could be on track for 4% growth or higher, analysts say. After strong gains in personal income and consumer spending in April, a bevy of Wall Street firms upped their GDP forecasts. Amherst Pierpont Securities raised its estimate to 4.5% from 4.2%. Macroeconomic Advisers increased its forecast to 4% from 3.6%. Natwest raised its projection to about 4% from 3.2%. Barclays also upped its estimate, but it was near the low end of forecasts. It raised its target to 3.3% from 3%. GDP has only topped 4% three times since the end of the Great Recession in mid-2009.
Goldman Sachs model now points to 4% second-quarter GDP growth.
Obama 1st President Not to See Single Year of 3% GDP Growth
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The “magic wand” of Trump is his understanding of business and that government regulations are the enemy of business growth.
Obama is a socialist that believes government can produce wealth when in fact government produces nothing and consumes all wealth unless it is controlled.