The latest Economic Forecast from the Fed in Atlanta brings nothing but sunshine to the country’s economy. The prognosticators all predict a record growth forecast for the economy in 2018. If it is good for the economy it is bad for the Democrat party. They will be forcefully reminded that it IS the economy, stupid. That kind of growth is always good for the political party in charge when it happens. The sad part of this is that to be successful politically, the Democrat Party must root for a downturn in the economy and for all of the President’s policies to fail. They are in a lose-lose situation.
As Written and Reported By James Barrett for the Daily Wire:
If the Atlanta Fed’s economic forecast is accurate, the Democrats might have a more difficult 2018 than they’d hoped.
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the economy is going to kick off the first quarter of 2018 with a stunning 5.4% surge in GDP — which would be the most rapid growth since the end of the Great Recession in 2009, notes CNBC.
By several key economic measures, Trump’s first year in office has been a big success, despite closing out with a slightly disappointing 2.6% increase in the final quarter, short of Trump’s goal of at least 3% growth. If the Atlanta Fed’s forecast of a 5.4% increase is even close to correct, the “Trump Boom” will be undeniable.
Here’s the Atlanta Fed’s explanation for its GDPNow numbers:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning’s Manufacturing ISM Report On Business from the Institute for Supply …..
KEEP READING THERE IS WAY MORE HERE: