Morgan Stanley credits 'Bidenomics' for much better than expected GDP growth!

[Tomconroy]

WASHINGTON — Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product.

Biden’s Infrastructure Investment and Jobs Act is “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note released Thursday. In addition to infrastructure, “manufacturing construction has shown broad strength,” she wrote.


As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%.

“The economy in the first half of the year is growing much stronger than we had anticipated, putting a more comfortable cushion under our long-held soft landing view,” Zentner wrote.



https://www.cnbc.com/2023/07/21/bidenomics-spurred-stronger-gdp-growth-morgan-stanley.html?__source=androidappshare

Has anyone checked the stock market lately? The S&P 500 is casting its vote!

[Walleye]

1. Imagine how good our economy would be if Republicans didn't block every single thing

[Alexander Of Assyria]

2. Always the same. Rs destroy he economy and Democrats fix it...mass media has mass amnesia.

Then when everything is almost fixed mass media decides time to ride the other pony for an election cycle of two…How else to prop up one of only two parties for the windfall ad cash every two years but how to ignore one party that is coup supporting fascism without a platform? Tough sell but the corporations are up to the task! Got the nation in a frenzy over a giant white balloon with no transmitters! That was quite the coup also! People still think was a spy balloon! The masses will swallow anything!

One horse races aren’t money makers, Fascist Party must be protected or all the money is lost!

Pity the corporate media, their hands are tied by political circumstance and self interest.

[Walleye]

4. Sadly, all true

[Johnny2X2X]

3. Biden is dismantling Trickle Down Economics

Building an economy from the bottom up and middle out, looks like the baks are starting to realize that's best for everyone, including the rich.