WND–

When the Trump administration estimated its historic tax-cut bill would result in a 3 to 4 percent growth rate in the economy and a consequent budget surplus, Democrats and many economists scoffed.

Larry Summers, Obama’s first chief economist, declared the U.S. was mired in a new era of “secular stagnation” making 3 percent growth unachievable, recalls Stephen Moore, who served as senior economic adviser to the Trump campaign. And New York Times economist Paul Krugman said the nation was more likely to see flying cars than 3 to 4 percent growth.

The latest government figures, however, show April “was a blockbuster for growth, federal revenues and deficit reduction — putting the lie to much of the knee-jerk criticism of President Trump and the GOP Congress’s tax-cut bill,” Moore wrote in a New York Post column.

Read More