White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise

[brooklynite]

Source: New York Times

WASHINGTON — A White House economic analysis of President Trump’s trade agenda has concluded that Mr. Trump’s tariffs will hurt economic growth in the United States, according to several people familiar with the research.

The findings from the White House Council of Economic Advisers have been circulated only internally and not publicly released, as is often the case with the council’s work, making the exact economic projections unknown. But the determination comes as top White House officials continue to insist publicly that Mr. Trump’s trade approach will be “massively good for the U.S. economy.”

The chairman of the Council of Economic Advisers, Kevin Hassett, an economist who came to the administration from the American Enterprise Institute, a conservative think tank, dodged questions at a White House briefing on Tuesday about whether tariffs would hurt an economy that has accelerated during Mr. Trump’s tenure.

Asked whether the administration’s economists had modeled the impact that a trade war with China would have on the United States economy, Mr. Hassett said Mr. Trump was a great negotiator who would persuade other countries to open their markets to American products.

Read more: https://www.nytimes.com/2018/06/07/us/politics/white-house-tariffs-growth.html

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DEEP STATE!

[underpants]

1. massively good

[jayschool2013]

5. Detailed analysis

"Massively good" is considered detailed analysis among the Trumpistas.

[tanyev]

6. I suspect that top White House official has the initials DJT.

[bigbrother05]

2. Deep State is tRump speak for People That Know Stuff

Deep State and Fake News are his go to lines when he's been caught in a lie, that's why we hear them so often.

[bucolic_frolic]

3. Fed is tightening far too slowly

loose money is fueling the growth even as inflation moves up. they did this in the 1970s and the dollar tanked as a result.

stockpiling foreign-made consumables is not a bad idea here

[turbinetree]

4. All righty and jerk from the American Enterprise Institute for Kochs and by Kochs that he is paid

has said this.................happy horseshit.......................

"The chairman of the Council of Economic Advisers, Kevin Hassett, an economist who came to the administration from the American Enterprise Institute, a conservative think tank, dodged questions at a White House briefing on Tuesday about whether tariffs would hurt an economy that has accelerated during Mr. Trump’s tenure.

Asked whether the administration’s economists had modeled the impact that a trade war with China would have on the United States economy, Mr. Hassett said Mr. Trump was a great negotiator who would persuade other countries to open their markets to American products."


No, his approach will not be good for the economy..........you are wrong again, dude from the American Enterprise Institute for Koch's and by Koch's that he is paid with...................every time I read or hear the words American Enterprise Institute , I think of Jane Mayer's book "Dark Money"...................


November 2018 cannot get here fast enough