MSNBC #ECONFAIL – RACHEL MADDOW
“Kevin Hassett, the White House’s chief economist, insisted this week that the economy will grow at or above 3 percent for the next several years – a highly dubious belief that undergirds Donald Trump’s entire budget plan for the near future.”
“To believe this will be to have fallen for a rather clumsy scam.”
(https://www.cnbc.com/2019/04/26/gdp-q1-2019-first-read.html)
US economy grows by 3.2% in the first quarter, topping expectations
The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years.
First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%.