How could this possibly be?
The International Monetary Fund (IMF) has lowered its forecasts for US and UK economic growth this year, following "weaker-than-expected activity" in the first three months.
"... the major factor behind the growth revision, especially for 2018, is the assumption that fiscal policy will be less expansionary than previously assumed, given the uncertainty about the timing and nature of US fiscal policy changes,"
What do you mean less expansion, uncertainty?
Why, just 2 days ago my President told me "Already, we have created over a million new jobs this year – and doing even better than anticipated."
How could this be weaker than expected, accord to the IMF?
According to OMB Director Mick Mulvaney "We believe that we can get to 3 percent growth." " We will bring back 3 percent economic growth to this country, and those numbers are assumed in this budget."
Surely if we believe it based on assumptions the rest of the world can only accept it as a reality.
It's not just Mulvaney who is attempting to show the truth to the world. It is also our President. According to POTUS in Poland at the 3 Seas Initiative' "we've picked up in market value almost $4 trillion since November 8th, which was the election. $4 trillion—it's a lot of money."
That is a lot of money. It's also not correct, the actual increase is about 2.4 trillion but lets not pick nits. Besides, that's what the President told the entire world so they are required to believe it.
It is rather disturbing however when the Bureau of Economic Analysis, a part of the U.S. Department of Commerce, reports 1.4% growth for the 1st quarter of 2017. Apparently the rest of the year is going to be extraordinary to reach 3%.
No doubt we will MAGA based on the assumptions and beliefs of POTUS and his cronies, oops, I mean cabinet members. After all, all those Goldman-Sachs guys are really smart and selfless.
Whaduyathink?
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