CNBC is reporting that Deutsche Bank is forecasting that Donald Trump’s economic proposals should double the economy’s growth rate by 2018. After the beating that my retirement funds have taken over the past eight years, I’d be pleased to see that. One of the reasons I now plan to work until I’m 75 is the economy’s poor performance over the past decade—and I don’t blame Bush. As the CNBC post notes,
Obama is the first president since Herbert Hoover not to see at least 3 percent growth for a calendar year.
Strike One: The revised GDP figures for the economy stayed stuck at an annual rate of 1.9 percent for the first quarter of 2012. What that actually means is that the economy grew about 0.47 percent during that quarter, a rate too low to absorb the increased population of work force age persons and much too low to provide jobs for the already unemployed.
Expect Strike Two just after 10 am ET.
UPDATE–The Supreme Court throws one outside the strike zone! Strike 1, Ball 1
UPDATE 2–The Hose holds Eric Holder in contempt. Strike 2!