AmThink: Ignorant press 'surprised' by 3.2% blowout GDP number
First-quarter gross domestic product numbers are in, and they are a blowout, 3.2% growth, coming on top of similar numbers in previous quarters based on President Trump's pro-growth economic policies.I'm sure ex-Preznit Obama will be along shortly to claim credit. And the press will be more than happy to give it to him.
But to much of the press, even the financial press, that's a...surprise.
Get a load of these headlines.
U.S. Economy Powers Ahead In First Quarter: 3.2% Growth -NPR
US economy grows by 3.2% in the first quarter, topping expectations -CBNC
The US economy blows past growth expectations in the first quarter -Business Insider
The American economy looked like a drag just a few months ago. Not anymore -CNN
U.S. economy grows 3.2% in the first quarter, well above estimates -Yahoo! Finance
U.S. Growth of 3.2% Tops Forecasts on Trade, Inventory Boost -Bloomberg
Topping expectations, blowing past expectations, well above estimates, tops forecasts, all of it 'unexpectedly' so. Some analysts cited in the various reports erroneously suggested that since tax cuts were done, that factor as a growth indicator was all done. It's nonsense, because tax cuts have been long known to have extended knock-on effects, something that baffles the Left. When you have more money in your pocket, month after month, it's not rocket science to say that that factor, brought on by tax cuts, often leads to investment.
Linked at Pirate's Cove in the weekly Sorta Blogless Sunday Pinup with links.
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