No. of Recommendations: 12
Sleepy Don's claims of the ruination of America by the Biden-Harris administration are, well, just more dystopian nonsense as the International Monetary Fund upgrades the U.S. growth outlook as strong investment continues to boost productivity.
The U.S. is increasingly pulling ahead of the world’s advanced economies, with a surge of investment paying off in higher productivity and wages.
The International Monetary Fund highlights those divergent paths in its latest global scorecard, released Tuesday. In what has become something of a trend, the IMF upgraded the outlook for both U.S. and global growth, though more for the former.
The IMF projects U.S. gross domestic product to expand 2.5% in the fourth quarter from a year earlier—half a percentage point higher than a July forecast, which itself was an upgrade from a January estimate. U.S. output rose 3.2% in 2023.That would be the fastest among the Group of Seven major advanced economies.
Meanwhile, Sleepy Don wants to take America back to a time when the word "tariffs" was the most beautiful word in the English language, years before federal income taxes, social security, and Medicare.
The thought of 20% tariffs fills Sleepy Don with as much delight as Arnold Palmer's penis.
The conservative America Enterprise Institute reported this morning that
Sleepy Don's 20% tariffs plan -- which he could implement without congressional approval -- would result in a $3.9 trillion tax on Americans, one of the biggest tax hikes in U.S. history.
But, sure, let's put the guy who filed for bankruptcy seven times -- including bankrupting casinos -- in charge of a rip-roaring economy that is currently the envy of the world.
What could go wrong?
https://www.wsj.com/economy/global/u-s-economy-aga... 