Mick Mulvaney: Reagan challenged “malaise” and “steered us to a boom”

Mick MulvaneyFor merely suggesting that we can get back to that level [3 percent annual growth], the administration has been criticized as unrealistic. That’s fine with us. 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. Continue reading Mick Mulvaney: Reagan challenged “malaise” and “steered us to a boom”

Mick Mulvaney: Obama administration first ever to “not have a 3 percent growth rate”

Mick MulvaneyI went back and looked at some of the economic assumptions that the Obama administration made in its first couple of years, and I want to say, on a couple of different occasions, their assumed growth rate was more than 4.5 percent.  Keep in mind this is the first administration in history — it was the first decade and the first eight-year period of history not to have a 3 percent growth rate, and yet they were promising us 4.5 percent growth.

—OMB Director Mick Mulvaney

Press Briefing on the FY2018 Budget, May 23, 2017

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Mick Mulvaney: Three percent growth rate “normal for the history of the country”

Mick MulvaneyWe have been attacked, stunningly, by some folks on the left and even in the mainstream who say that that’s an unreasonable assumption.  We should stop and think how absurd that is to think that 3 percent growth in an American economy is to some people an absurd assumption.  It used to be normal.  Ten years ago it was normal.  In fact, it’s been normal for the history of the country.  I think the average over the 240-odd years that we’ve been a country has been over 3 percent.  It’s certainly been over 3 percent since World War II.

—OMB Director Mick Mulvaney

Press Briefing on the FY2018 Budget,  May 23, 2017

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