Locally, statewide, and nationally, Trump & those who flacked his tax bill, and those who also pushed corporate welfare schemes (Foxconn, WEDC, Whitewater CDA), promised growth, growth, growth!
How odd that these men — politicians, movers-and-shakers, developers, landlords, and public relations types — seem to have missed the mark:
The World Bank sees U.S. growth stumbling from the unspectacular 2.3 percent growth it notched in 2019 to 1.8 percent this year — on its way down to 1.7 percent in both 2021 and 2022. That would amount to a significant underperformance measured against President Trump’s promise to deliver at least 3 percent growth.
And the World Bank’s forecasters aren’t alone. Economists gathered at the American Economic Association’s annual meeting last week shared a “dark” mood, according to the New York Times’s Jim Tankersley and Jeanna Smialek.
(Emphasis in original.)