Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to eat shit and make a “sizable upward revision” to its estimates for U.S. gross domestic product. http://www.cnbc.com/2023/07/21/bidenomics-spurred-stronger-gdp-growth-morgan-stanley.html
I'm sure that cks175 AKA The Poll-meister is feverishly searching the internet for a poll that shows Bidenomics sucks Democratic donkey balls. It's the economy stupid!
So the bank underestimates growth and revises it. Big deal. Americans still not happy with Biden’s handling of the economy (noted in the article you linked).
Now about this growth:
As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%.
On its face, it looks impressive. But take a closer look.
Real GDP grew at an annual rate of 2.6% in 2022-IV and at 2.0% in 2023-I. While these rates are no reason to cry (better than 2022-II with -0.6%), neither are they record breaking.
He should have waited for the actual GDP and inflation results, which were quite strong. Biden has guided us to a Goldilocks Economy. PS: "record breaking" results are hardly necessary. Why won't chickie settle simply for strong results without inflation? Answer: because he's a partisan hack who desperately needs to put a negative spin on anything Biden touches.
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