Fmr Obama Adviser Gives Trump Huge Praise On Economy
TTN
According to the Washington Free Beacon:
Jason Furman, chair of the Council of Economic Advisers under President Barack Obama, argued on CNBC Thursday that the economy is growing even faster than the commonly used government figure suggests.
CNBC's Sara Eisen said people at the network were surprised to see the argument being argued by an Obama administration official.
...
While the BEA estimated 2018 first quarter GDP growth at 2 percent annualized, Furman estimated growth at a much stronger 2.8 percent.
The economist credited the federal tax cuts, singed into law by President Donald Trump at the end of 2017, as being responsible for some economic growth.
This is surprising coming from a former Obama official. However, the numbers and the strong outlook on the economy are hard to argue. No matter what way you look at it.
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