What’s the mainstream media’s worst prediction?

[NZ Poke]

In light of today’s excellent GDP figure, which we were repeatedly told would “never” happen — it’s time for a poll.

 

[aix_xpert]

You left off that electing Trump would create an immediate recession and stock market plunge. These were statements made by individuals that prior to the election I would have considered as apolitical in their perspectives but clearly showed otherwise.

 

[07pilt]

Only one of those is and actual media prediction, the rest are predictions by other entities/institutions that the media uncritically repeated.

 

[aix_xpert]

In light of today’s excellent GDP figure, which we were repeatedly told would “never” happen — it’s time for a poll.

This is not accurate. Noone stated that Trump (or any president) couldn't achieve 3% or even 4% growth in a quarter. It was stated that the US economy could never grow at an annual 3% rate again. Trump has not yet achieved this, however, this number gives him a strong opportunity to do so.

 

[CSCOTTOSUPOKES]

Trump has not yet achieved this, however, this number gives him a strong opportunity to do so.

It really doesn’t though

 

[07pilt]

This is not accurate. Noone stated that Trump (or any president) couldn't achieve 3% or even 4% growth in a quarter. It was stated that the US economy could never grow at an annual 3% rate again. Trump has not yet achieved this, however, this number gives him a strong opportunity to do so.

Who said that?

 

[jkosu]

“Dewey Defeats Truman”

 

[aix_xpert]

Who said that?

There were a number of articles at the time on CNBC (one of the sites I follow religiously). I just googled and here's several:

http://www.latimes.com/business/hiltzik/la-fi-3percent-20170519-story.html
https://www.politifact.com/truth-o-...onomists-are-skeptical-us-can-grow-3-percent/
https://www.nbcnews.com/business/ec...realistic-economic-growth-say-experts-n763666

This was a common theme during the budget review because his 3% growth projected in his budget was so unobtainable. So there are a number of articles across the media spectrum espousing the inability of the US economy sustaining 3%. Surprised you don't remember these.

 

[CSCOTTOSUPOKES]

There were a number of articles at the time on CNBC (one of the sites I follow religiously). I just googled and here's several:

http://www.latimes.com/business/hiltzik/la-fi-3percent-20170519-story.html
https://www.politifact.com/truth-o-...onomists-are-skeptical-us-can-grow-3-percent/
https://www.nbcnews.com/business/ec...realistic-economic-growth-say-experts-n763666

This was a common theme during the budget review because his 3% growth projected in his budget was so unobtainable. So there are a number of articles across the media spectrum espousing the inability of the US economy sustaining 3%. Surprised you don't remember these.

When 3 percent growth over the course of the entire year happens, let me know

 

[07pilt]

There were a number of articles at the time on CNBC (one of the sites I follow religiously). I just googled and here's several:

http://www.latimes.com/business/hiltzik/la-fi-3percent-20170519-story.html
https://www.politifact.com/truth-o-...onomists-are-skeptical-us-can-grow-3-percent/
https://www.nbcnews.com/business/ec...realistic-economic-growth-say-experts-n763666

This was a common theme during the budget review because his 3% growth projected in his budget was so unobtainable. So there are a number of articles across the media spectrum espousing the inability of the US economy sustaining 3%. Surprised you don't remember these.

All of those concede that GDP growth can exceed 3% just not for a sustained period like the 90s. I disagree with them, but they haven't been proven wrong yet.

 

[aix_xpert]

All of those concede that GDP growth can exceed 3% just not for a sustained period like the 90s. I disagree with them, but they haven't been proven wrong yet.

Agreed. My post explicitly states that.

 

[07pilt]

Agreed. My post explicitly states that.

No it says annual rate of 3% and Trump has a strong chance.

 

[NZ Poke]

You left off that electing Trump would create an immediate recession and stock market plunge. These were statements made by individuals that prior to the election I would have considered as apolitical in their perspectives but clearly showed otherwise.

Mark Cuban had “no doubts” there would be a stock market crash if Trump won.


https://www.businessinsider.com/mark-cuba-no-doubt-in-my-mind-market-crashes-if-trump-wins-2016-9

 

[aix_xpert]

No it says annual rate of 3% and Trump has a strong chance.

It also says and I quote: "Trump has not yet achieved this".

 

[aix_xpert]

Mark Cuban...

So did Economic Nobel Prize winner Paul Krugman.

 

[CSCOTTOSUPOKES]

It also says and I quote: "Trump has not yet achieved this".

And yet...Pom poms everywhere lol