On the campaign trail last fall, President Donald Trump promised a 'new era of soaring income, skyrocketing wealth, millions and millions of new jobs, and a booming middle class. We are going to boom like we've never boomed before.' On Fox News this weekend, he promised a 'period of transition.' He added: 'It takes a little time. But I think it should be great for us. I mean, I think it should be great.' When the host asked, 'Are you expecting a recession this year'' he didn't say no. The White House has traded a message of prosperity now for a message of prosperity soon, forecasting that the budget cuts and tariffs the Trump administration is implementing will redound to the country's welfare in the near future: Businesses will bring their overseas operations back to America; a leaner government will leave more income for American firms and households. But economists doubt that the Trump administration's policy changes will promote growth. And Trump's message isn't inspiring...
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