He promised 6% GDP growth, but now...

[Atman]

He’s crowing about hitting 3% annualized GDP growth. 3% is nice, but no big deal.

[DetlefK]

1. How are infrastructure and healthcare comign along?

[Achilleaze]

2. I was told there would be republican honesty and integrity

[lamsmy]

3. 3% is very good. But the number is misleading

Big industries saw a surge in purchasing ahead of implementation of tariffs. This will most certainly mean weaker Q3 and 4.

Wages remain stagnant. Record stock market levels and tax cuts have not filtered down to the rank and file. And they won't. Most corporations are buying back stock, paying off liabilities, and stockpiling inputs in the expectation of tougher times ahead.

12 billion for subsidizing farmers will do nothing to help the remaining hundreds of thousands who will be hit downstream of the tariff war. Previous areas of high job growth like renewables have been kneecapped.

All this means much reduced tax revenue. The CBO now projects the national debt to balloon 890 trillion this year to 1085 t next year. (For context it was 439 t In 2015.)

When the longer term outlook is increasingly bleak, who cares about 3 months of GDP?

[edhopper]

4. Should lead to

more rate increases.