So are the lefties still saying this is Obama's economy? Or have they realized that Obama said this could only be done with a "magic wand"?
The sane and rational people are saying what they've been saying all along: the economic policies of this administration accelerate GDP growth in the short term at the expense of long term growth. No one argues that its actions won't promote growth - we'll all just be left paying for it many years down the road.
You don't think Q1 growth is actually going to end up being 5%, do you?
Haha.. Atlanta fed predicted that US GDP growth for 2017 would be 4%.. we ended up getting 2.4%.. Atlanta fed is known to have their prediction on higher side and revise them over the period of that year...
Again, GDPNow is NOT a measure of GDP growth. It is an estimate of what the model thinks GDP growth will end up being as data becomes available. The Atlanta Fed is not saying GDP growth is 5%, rather, it's just based in what the model predicts based on the data released so far. But it's only January, so the people who built this model would say take it with a grain of salt. There is essentially no chance growth will actually end up in the 5% range, and the people at the Atlanta Fed would agree with that statement.
Did the Atlanta fed also think the inauguration crowd was the biggest ever?
Fucking Trump is driving this economy to third world status
It's early in the quarter so there isn't a ton of data to go on yet. Besides, GDPNow's final estimate for Q4 growth was more than 1% too high, so take these numbers with a grain of salt.