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 Capital Spending boom. If you look at the average of the first half of the year, we got a Capital Spending boom in the average growth is 3. 1 percent. Its not often that economists can nail it that tightly and it showed its working exactly as we thought. Paul Capital Spending in the First Quarter was more robust than in the Second Quarter. Do you have an explanation for that . One of the things that happened is for Equipment Spending you were allowed to expense it retroactive to october. In the Fourt
Release her first book of photography. Its cold of love and war. Thats it for today. Have a great week and we will see you next fox news sunday. I am thrilled to announce that in the Second Quarter of this year, the United States economy grew at the amazing rate of 4. 1 percent. If Economic Growth continues at this pace, the United States economy will double in size. More than 10 years faster than it would have under either president bush or obama. Paul welcome to the journal editorial report. I am paul gigot. 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 wou
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lot of misleading statements, especially about the trade war with china. who better to discuss than john kaic kasich, i hope you had a great and special weekend. last week we talked about president trump acting more erratically. the chaos, the flip flopping, the lies were on full display. how would you rate the performance at the g-7, please? probably rocky. probably didn t really connect it. what was interesting to me, all these people said they would have these strong things to say in private. it is like they were tiptoeing around him. isn t that interesting? i don t know what happened in those private meetings. there were a number of things on climate, on iran, on trade. the trade problem is a worldwide problem. why does it affect us here at home? number one, people won t buy our products because they cost more.
full display on the world stage. how would you grade his performance at the g7, please? probably rocky. probably didn t really connect. what was interesting to me, don, is that all these people said they were going to have these strong things to say to him in private. it s like they were tiptoeing around him. isn t that interesting? yeah. i mean, i don t know what happened in those private meetings, but there were a number of things on climate, on iran, on trade especially. look, the trade problem is a worldwide problem. why does it affect us here at home? well, because number one, people won t buy our products because they cost more. number two, there are companies that get inputs from overseas that they have to use to make their products and those inputs cost more, so therefore the consumers pay more for them. and thirdly, when these when these products come in that have tariffs on them then consumers pay for more there. i the whole world is upset with the behavior of china