Page 2 - Hit 3 News Today

It should be. the economy now has hit 3%. nobody thought it would be anywhere close. i think we can go to 4, 5 and maybe even 6% ultimately. >> joining me now, john harwood, cnbcs editor at large and josh dawsey. john, i want to get your reaction to what you heard there from the president and why not give the middle class permanent tax cuts like the big corporations? >> because thats not the goal of this legislation. the core belief of republicans in passing this bill is that lower taxes for bus...

Lawmakers who you mentioned holdouts. on the one side pla senator rubio who insisted on child tax credit for working families in exchange for his vote. and huge reversal from corker from tennessee, he said he would not vote for anything that would add trillions to the deficit but flipped to yes saying its a one in a lifetime chance to cut taxes and grow jobs. and on that one issue you have bob corker agreeing with president trump, which is notable, because you know bob cork ser a pro live it cri...

Psychological to a large extent and thats what creates great news. consumer confidence is at 17-year high. think of that. it was not like that in your last administration. economic growth last quarter surged to 3.3%. you know it. you know where it was, right? when we started, you know where it was? bingo. 3.3% and its going a lot higher. you know, i used to hear you will never hit 3. you will never hit 2.5. you figure 2.3, 2.4. if we didnt have the hurricanes last quarter, we would have hit 4% a...

Important because its all psychological to a large extent and thats what creates great news. consumer confidence is at 17-year high. think of that. it was not like that in your last administration. economic growth last quarter surged to 3.3%. you know it. you know where it was, right? when we started, you know where it was? bingo. 3.3% and its going a lot higher. you know, i used to hear you will never hit 3. you will never hit 2.5. you figure 2.3, 2.4. if we didnt have the hurricanes last quart...

All-time high stock market. and they dont talk about another factor, that unemployment just hit a 16-year low. they dont want to talk about it. and i think, to me, maybe the biggest is that gdp for the quarter just released at 2.6%. so, thats so much higher than anticipated. remember i was saying were going to try and hit 3% sometime over the next period of two years. well, 2.6% is getting closer, gary, closer than we thought and a lot faster than we thought, but dont worry about the 3%. were go...

Way up. hit $3. $3.50 and that deserved to be reelected number will probably plummet because people are upset. this is -- this is the next shoe to drop. the oil prices are going up almost $85 a barrel today. people are going to -- the economy is number one, should be number one focus on obamas list going forward and the problem is he spent the last year and a half on health care. >> and jobs which factors right into the economy which, of course, well continue to focus on this show with our speci...

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