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‘MAGAnomics’: Trump Administration Brands Its Plan for 3% Economic Growth

(Sarah Whitten – CNBC)

It’s time to make America’s economy great again.

At least, that is what Office of Management and Budget director Mick Mulvaney wrote in a Wall Street Journal op-ed published Thursday.

The economic agenda, which Mulvaney dubs “MAGAnomics,” is an effort to get the growth of the U.S. gross domestic product back to 3 percent. It is a feat that many economists have called “unrealistic,” he said.

“That’s fine with us,” Mulvaney wrote. “We heard the same pessimism 40 years ago, when the country was mired in ‘stagflation’ and ‘malaise.’ But Ronald Reagan dared to challenge that thinking and steered us to a boom that many people thought unachievable.” Click here to read more.