The US economy growth was revisied down by 0.1 by the Commerce Department today….
The economy actually slowed during the first quarter of this year…..
That’s a counter to the Republicans glee in the economy talk…
But THAT isn’t the real surprise in a piece form the Hill….
The last sentence is what should worry people …..
Due to the 2017 Republican/Trump tax cuts and the Republicans HUGE budget expendures?
The piece concludes that economists expect a Recession to occur in 2020, just when America will go to the polls to elect a new government and President…..
Growth is expected to rise to about 3 percent of GDP in the second quarter, hitting the target set by President Trump and projected by White House economists. The U.S. economy grew at a 2.9 percent rate in the fourth quarter of 2017.
Trump and Republican lawmakers have touted their enactment of major tax cuts and repeal of slews of Obama-era regulations as boosts to the U.S. economy. The president and his party are banking on solid economic growth and record-low unemployment to sell voters on their agenda ahead of the November midterm elections.
Economists expect the $1.5-trillion tax cuts and increases in government spending to fuel a rise in U.S. growth over the next two years. But those policies are projected to add billions of dollars to the U.S. debt, and analysts have projected a recession to start in 2020…