No. of Recommendations: 14
Morgan Stanley now projects 1.9% GDP growth for the first half of this year, nearly four times higher than the bank's previous forecast of 0.5%.
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.Bidenomics, a term first coined by republicans as a dig at president Biden, has been coopted by the Biden campaign, like Dark Brandon, and is going to be repeated back at them again and again in the 2024 presidential campaign because Bidenomics is working.
So over 13 million new jobs created. The labor force has the highest share of working-age Americans in over 20 years.
Spending on manufacturing is triple the 2010s average, hitting a $189B annual rate.
America continues to have the lowest inflation and strongest economic growth of the world's leading economies.
Biden delivered $42 billion in funding to give every American household access to high speed internet by 2030, projects that republicans across the country are touting to their constituents despite voting against it.
And you guys want to bring a twice-indicted rapist who lost more jobs than he created, let a million Americans die through mismanagement and neglect, and added $8 trillion to the debt in only four years back to the White House?
Long past time to Quit the Cult, folks. Do it before the ugly facts of the next two indictments leave you no place to hide.
https://www.cnbc.com/2023/07/21/bidenomics-spurred... 