Trump campaigned on the absurd promise that he would deliver perpetual economic growth of 4 percent each year, but Treasury Secretary Steve Mnuchin now says they expect the economy to grow at a rate of 3 percent each year and there's a series of hilarious catches.
The Trump regime expects the economy to grow at a rate of 3 percent at some point in the near future, but only if Trump's disastrous, economy-wrecking policies are implemented.
Treasury Secretary Steven Mnuchin said an overhaul of the tax system, regulatory reform and better trade deals will help produce 3 percent U.S. economic growth within two years.
It’ll probably take two years to reach 3 percent growth “and then we can have a sustained level,” Mnuchin said in a conversation with Fox Business Network editor Maria Bartiromo at the Milken Institute Global Conference on Monday in Los Angeles.
You know, if Congress actually repeals Obamacare, it will obliterate economic growth and maybe even cause a recession. And that's just one way the Trump regime could destroy the economy.
The official Trump regime budget blueprint crafted by budget director and Edgar-suit wearing lizard Mick Mulvaney, which calls for cutting massive amounts of spending and eliminating dozens of federal agencies and programs, would also wreck the economy.
The U.S. economy is expected to grow at a rate of 2.5 percent next year under current policy (Obama policy) so, in other words, even if Trump managed to do everything he wants to do (an unlikely scenario) it would only increase economic growth by an additional 0.5 percent according to Treasury Secretary Steve Mnuchin.
That's a more significant difference than it may sound like, but it's not exactly enough to set the world on fire. I mean, Trump may literally set the world on fire, but not with economic growth.