The White House is bullish on the United States economy in the long run, isn’t it?
According to President Donald Trump’s Council of Economic Advisers, the national economy will expand at a healthy 3.2 percent this year and 2.8 percent a decade from now. If you think this is overgenerous, then you’d be right, especially considering long-term forecasts are pegging growth to less than 1.9 percent.
But the annual report cites additional tax cuts, infrastructure spending, and reduced regulation as reasons for this rosy outlook.
Of course, the Federal Reserve was not mentioned in this forecast.
It is evident at this point that Trump’s path to re-election will depend on the economy.
It’s the economy, stupid!
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