The Economy Grows Bigly - WSJ

The Economy Grows Bigly - WSJ
"Call it huge or fantastic or even beautiful. 
Trumpian adjectives are absolutely appropriate to describe the humming U.S. economy in the second quarter of this year. 
The great American opportunity machine is roaring once again.

While it may be unlikely that growth will be quite this strong in the quarters to come, Friday’s GDP report from the Commerce Department gives every reason to believe that a robust expansion will continue. 

That’s in large part because businesses have been making significant investments in new factories and equipment since the start of this year. 

Such capital expenditures are not one-quarter wonders—they allow higher production in the years to come.

This morning at the White House, the President described this encouraging trend:

... I happen to think we’re going to do extraordinarily well in our next report, next quarter. I think it’s going to be outstanding. I won’t go too strong, because then if it’s not quite as good, you’ll not let me forget it. But I think the numbers are going to be outstanding.

Why shouldn’t he think that? 
Mr. Trump’s cuts to regulation and tax rates are having exactly the intended effect. 
And there’s more good news in Friday’s report beyond the increased willingness of business owners to bet on long-term success..."

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