President Donald Trump made a lot of promises on the campaign trail, particularly around economic issues. “Make America Great Again,” the slogan that powered the Trump campaign, was premised around bringing blue collar work back to the US and reforming programs like the Affordable Care Act.
But now that the Trump administration is in power, reality is starting to set in. And in response, White House staff appear to be making unrealistic projections for economic growth, reports the Wall Street Journal.
The numbers laid out in preliminary growth forecasts depend on gross domestic product growth of 3% and 3.5% per year. But in the past decade, the economy has grown by 2%. It’s not clear how the administration derived their numbers, but sources familiar with the discussions told the Wall Street Journal that they’re far rosier than the forecasts of independent economists.
“It is awfully hard to get to 3%. I don’t know where a number like that would come from,” Dale Jorgenson, a Harvard economics professor, told the WSJ. The economist’s far more muted prediction is 1.8% annual growth. And the Congressional Budget Office has come up with similar numbers.
As Vox points out, it’s not uncommon for incoming Presidents to come out with overly optimistic projections. But what’s uncommon is the large gap between the White House forecast and the numbers generated by independent economists—as well as the fact that staffers are angry enough to leak to the Wall Street Journal.
Stephen Colbert rips ‘idiot’ GOP senator for defending Trump’s unconstitutional self-dealing
"Late Show" host Stephen Colbert returned from New Zealand for a new show that aired Monday evening.
"I have been as far from the insatiable black hole of news that is Donald Trump as you can get on this planet.
I've heard there have been some developments over the last 10 days that did not go well for Donnie,"
The host ripped Trump's 71-minute press conference.
"Seventy-one minutes is not a press conference, it's a one man show," he explained. "If you liked 'Fleabag,' you'll love Donald Trump in 'Douchebag,'" he said.
[caption id="attachment_1555275" align="aligncenter" width="800"] ‘The Late Show’ graphic (screengrab)[/caption]
Donald Trump is making a mockery of Marco Rubio — and the Florida senator is letting him
Sen. Marco Rubio was once one of Donald Trump’s most formidable opponents; now, the Florida senator bends over backward to excuse the president’s corruption.
In 2016, Rubio and Trump sparred frequently on the Republican primary debate stage. Trump picked the uninspired nickname “Little Marco” for the senator, which didn’t seem to do much damage on its own, but Rubio never gained the momentum or strength that his backers hoped would prove to be strong enough to take down the reality TV candidate. As Rubio grew desperate, he launched one of his most memorable and pitiful attacks by stooping to his opponent’s level, implying that Trump had a small penis. It was more of an embarrassing moment for Rubio than anyone else, though Trump helped himself with a crude rejoinder.
The faith of Fox News: How the network’s propaganda warps viewers’ sense of reality
A longtime sticking point among Fox News employees is their insistent differentiation between its news division, where employees practice actual journalism, and its opinion division, where employees practice actual nativism, spew misinformation, and have been actively campaigning for Donald Trump’s re-election since 2016. Inside the organization, they claim to believe that the news side is separate from the opinion side, and insist that the audience can tell the difference.
News anchor Shepard Smith once characterized comparing the two as “apples and teaspoons.”