XPost: alt.politics.republicans, sac.politics, alt.fan.rush-limbaugh   
   XPost: talk.politics.guns, alt.politics.economics   
   From: leroysoetoro@americans-first.com   
      
   https://amac.us/newsline/politics/the-economists-got-2025-all-wrong/   
      
   Well, Donald Trump has done it again!   
      
   He stumped the chumps. The “chumps” in this case were the “blue-chip”   
   academic and financial economists whose consensus forecast this time last   
   year was of high inflation and low economic growth. Wrong on both counts.   
      
   As you’ve probably heard, the GDP growth for Q3 came in at a red-hot 4.3%,   
   following 3.5% for the second quarter. Some 90% of professional economists   
   got it wrong — all underestimating the strength of the Trump economy. QED:   
   These weren’t random errors. These were “hate Trump” errors.   
      
   They also predicted inflation of above 3% for 2025. It’s going to come in   
   at closer to 2.7%, with the last two months trending down to the Fed   
   inflation target of 2%.   
      
   Starting in the second quarter, GDP has been nearly twice as high as   
   predicted.   
      
   To quote the inimitable special agent Maxwell Smart, “Missed it by that   
   much.”   
      
   This isn’t the first time the whiz kids whiffed on the Trump economy.   
   These are the same Keynesian economists who warned at the start of Trump’s   
   first term that we would see a stock market crash. The stock market is   
   today at record highs on all three indices. Paul Krugman, who won a Nobel   
   Prize in economics and wrote regularly for The New York Times for years,   
   famously feared a second Great Depression if Trump’s policies took hold.   
      
   Krugman and others all thought Trump’s tariffs would ignite runaway   
   inflation. There’s no doubt tariffs did cause a rise in aluminum, coffee,   
   and beef prices — commodities that got hit by tariffs as high as 50%. But   
   the economic pundits failed to take account of the disinflationary effect   
   of pro-growth Trump policies like deregulation, tax rate cuts, and pro-   
   America energy policies. These counteracted the impact of tariffs on   
   prices overall.   
      
   One would have thought that the academics and media would have learned   
   from their mistakes of always underestimating Trump on the economy. But   
   they seem incapable of self-correcting.   
      
   The latest blue-chip forecast for economic growth for 2026 is a measly   
   1.9%, even though the economy has been growing 50% faster than that of   
   late.   
      
   This raises the question: Why are they persistently wrong? It could be   
   that they are so afflicted with Trump Derangement Syndrome that they can’t   
   see or shoot straight. No one likes their theories and core beliefs proven   
   wrong. It was John Maynard Keynes who once famously said, “When the facts   
   change, I change my mind — what do you do, sir?”   
      
   His disciples seem incapable of changing their minds.   
      
   If these blue-chippers had any integrity, they’d admit that they don’t   
   know what they are talking about and send their Ivy League PhDs.   
      
   Fat chance that will ever happen. Instead, these prophets of doom will   
   continue to give the entire economics profession a black eye. No wonder it   
   is known as “the dismal science.”   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)