Trump triumphant: ‘We’re going to go a lot higher’ than 4.1% GDP growth, by Tucker Higgins.
President Donald Trump pitched his economic record to voters Friday, boasting that strong numbers released earlier in the morning were “sustainable” and blasting Democrats for wanting to “raise everybody’s taxes.”
“We’re going to go a lot higher,” Trump said, referring to the report that showed a 4.1 percent rise in gross domestic product during the second quarter. It was the highest quarterly jump in nearly four years.
During a speech on the White House South Lawn, he predicted that the country was on track for its highest annual growth rate in over 13 years.
“As the trade deals come in one by one, we’re going to go a lot higher than these numbers, and these are great numbers,” he said.
The president also championed the GOP tax overhaul passed late last year, saying that “as a result, more than 6 million Americans are enjoying new bonuses, better jobs, and far better paychecks.” The president said that Democrats’ efforts to turn back the tax cuts would be a “disaster for our economy.” …
He called the numbers “very, very sustainable” and predicted that the U.S. would “do extraordinarily well” in its third-quarter GDP report.
The president acknowledged the peril if the economy does not match his rosy outlook. “I won’t go too strong” in my projections, “because then if it’s not quite as good, you won’t let me forget it,” the president said.
Experts rubbished Trump for saying months ago that over 3 percent was possible. Now they say it won’t last. They will be right one day.