Page 209 - Acceleration News Today

That was president trump taking a victory lap on the news that the u.s. economy grew at a robust rate at 4.1 percent in the second quarter. the fastest pace in almost 4 years. here with a look at whats behind that acceleration is - - chair of the white house council of economic advisory. nice to see you. 4.1 percent. economists predicted 4.4, as you look at the details of the report. what do you like in it? >> it goes back to a piece i wrote a while back that corporate tax cuts would cause a cap...

I happen to think we are going to do extraordinarily well in our next report next quarter. i think it is going to be outstanding. >> "the new york times" reports today that economists outside the administration caution the latest acceleration is unsustainable in the long term and could raise the risk that the recovery will flame out in the years ahead. >> trump has to be careful not to overhype this. there are still areas of the country that have not fully come back, and thats trumps constituenc...

Reagan. trump also made a prediction based on todays numbers. >> these numbers are very, very sustainable. i happen to think we are going to do extraordinarily well in our next report next quarter. i think it is going to be outstanding. >> "the new york times" reports today that economists outside the administration caution the latest acceleration is unsustainable in the long term and could raise the risk that the recovery will flame out in the years ahead. >> trump has to be careful not to over...

We averaged a little over 3% in the first half of the year. thats great. thats an acceleration over 2017. weve got a little extra stimulus from fiscal stimulus. the spigots are open on the federal budget. everybody is talking about this weird trade thing that happened as soybeans were being horded. but its still a solid number. keeping the focus on it still a solid number is important. i think of the economy as a marathon. when youre in a marathon, you need to pace yourself. right now were pulli...

Thats actually not true. weve had 4% a few times and the last time was 2014. >> we had a 5% quarter. >> we had 5% during the obama years too. but 2.8% is really where we are. which is not bad. >> its very good. i know uneven gains remain and the consistent issue about wages, the stickiness of wages, weve got more paychecks out there which we welcome and everyone is happy about having more paychecks. youre not seeing the euphoria in the economy that you saw the last time unemployment was this low...

Looking for and youll see the economic impact combined with the understandings at the side of iran. leading to a fundamental decision that the iranian people ultimately have to make. >> do you agree that the acceleration of that understanding by the iranian people has been very rapid over the last six months? >> yes. its -- i think its -- i think its been going on longer than that, but certainly -- >> its been going on longer but im talking about the acceleration? >> yes, senator, thats a fair s...

Understandings of side of iran leading to the decisions that the people will have to make. >> you agree with me that that acceleration of that understanding by the iranian people has been very rapid over the last six months? >> yes. i think its been going on longer than that. >> its been going on longer. im talking about the acceleration. >> yes, thats a fair statement. >> thank you. >> if i could. one entinterjection. i know the phrase "paying their bills" needs to be used. every nato country h...

Donald trump is poison for you in europe. it is poison for you in south america. if he thinks he can bully people, hes forgetting they got jobs too. >> fred, before we go, can you think of an example of a policy in this administration where the president is fighting back, is talking tough, and actually winning? >> at the moment, there isnt a really good sign of that. the people in the administration i talk to say, look, this is normal. first two years of an administration, you set the table. las...

With understandings inside of iran of the kleptocracy that it is, leading to fundamental decisions that the iranian people will ultimately have to make. >> do you agree with me that that acceleration of that understanding by the iranian people has been very rapid over the last six months? >> yes. i think its -- i think its been going on longer than that. >> its been going on longer, but im talking about the acceleration. >> yes, i think thats a fair statement. >> if i could, just one interjectio...

This topic but were going to continue to. im not imagining the acceleration of the rhetoric. where are we on that continuum, do you think? >> yeah, im worried. were past the event horizon right now. the reason im worried is i think whats going on here -- but in the past weve had kind of this iron triangle of activist groups, liberal politicians, and the media. and their tactic has been very strictly enforced gaslighting. repeat a narrative, whatever it is. repeat it confidently and isolate peopl...