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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Sdgla who wrote (1410913)7/19/2023 6:05:30 PM
From: Wharf Rat2 Recommendations

Recommended By
Doren
pocotrader

  Respond to of 1577837
 
Fox censored her, Biden thanks her.

Marjorie Taylor Greene accidently delivered a ringing endorsement of President Biden and his policies during a humiliating speech at a recent Turning Point USA event. Francis Maxwell reports.




To: Sdgla who wrote (1410913)7/23/2023 7:23:26 AM
From: puborectalis2 Recommendations

Recommended By
pocotrader
Wharf Rat

  Respond to of 1577837
 
At least one major investment bank has bought into Bidenomics.

President Joe Biden’s Infrastructure Investment and Jobs Act has seeped into the domestic economy, “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note out late this week. Plus, she wrote, “manufacturing construction has shown broad strength.”

As a result Morgan Stanley now projects 1.9% economic expansion in the first half of this year. That’s nearly four times the bank’s previous 0.5% forecast for growth in gross domestic product in the first half of 2023.

Infrastructure spending signed into law in 2021 marked an early legislative win for a president handed only a slim majority in Congress. It was followed up by another legislative banner for the incumbent: the Inflation Reduction Act, a climate-change- and healthcare-focused spending bill signed into law about a year ago. Many of the incentives in the laws are tied to domestic manufacturing and require U.S. hiring, sometimes at the expense of less-expensive or readily available goods from abroad.

As a result of these economic lifts, the Morgan Stanley MS, +0.22% analysts more than doubled their original estimate for GDP growth in the fourth quarter, to 1.3% from 0.6%. And they nudged up their forecast for GDP in 2024 by a tenth of a percentage point, to 1.4%.

“The narrative behind the numbers tells the story of industrial strength in the U.S,” Zentner wrote.