Mick Mulvaney Introduces “MAGAnomics”…

OMB Director Mick Mulvaney has an explanatory outline, promoted by the White House, explaining the administration’s economic principles: “MAGAnomics”.

Introducing MAGAnomics
By Mick Mulvaney – Wall Street Journal – July 13, 2017

If the Trump administration has one overarching goal, it’s to Make America Great Again. But what does this mean? It means we are promoting MAGAnomics—and that means sustained 3% economic growth.

For most of our nation’s modern history, a healthy American economy meant one that grew at roughly 3.5%. That was the average growth rate between the late 1940s and 2007. Since then, it has hardly topped 2%.

The difference between those two growth rates is staggering. If the American economy had grown at only 2% between the end of World War II and 2000, average household income would have been roughly $26,000 instead of $50,000.

Over the next 10 years, 3% growth instead of 2% will yield a nominal gross domestic product that is $16 trillion larger, federal government revenues $2.9 trillion greater, and wages and salaries of American workers $7 trillion higher.

For merely suggesting that we can get back to that level, 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. In the 7½ years following the end of the recession in 1982, real GDP grew at an annual rate of 4.4%. That is what a recovery looks like, and what the American economy is still capable of achieving.

The focus of MAGAnomics is simple: Grow the economy and with it the wealth of, and opportunity for, all Americans.

MAGAnomics is for everyone, but especially for those who left for work this morning in the dark but came home after their kids were asleep. It’s for those who are working part-time but praying for a full-time job. It’s for folks whose savings are as exhausted as they are.

This president hears you. He knows America’s greatness doesn’t spring from higher taxes or unnecessary regulations or broken welfare programs. It doesn’t come from government at all. It comes from you.

If we enact the president’s broad agenda—if MAGAnomics is allowed to work—we will have set the stage for the greatest revival of the American economy since the early 1980s. It will remind people—including those who have forgotten, or those who don’t want you to remember—what a great America means. That is driving everything we do. (read more)

White House Link

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67 Responses to Mick Mulvaney Introduces “MAGAnomics”…

  1. fleporeblog says:

    I love it! MAGAnomics!!!!! I also love Mick “The Bulldog” Mulvaney as OMB.

    Domestically, OMB Director Mick Mulvaney lays out the President’s plan to reach 3 percent economic growth. “The focus of MAGAnomics is simple: Grow the economy and with it the wealth of, and opportunity for, all Americans,” Mulvaney writes.

    Liked by 25 people

    • farmhand1927 says:

      I love Mulvaney, too. We need to clone him.

      Liked by 6 people

      • Dixie says:

        I remember when Mulvaney was first nominated, there was as much skepticism about him as Howie has about AG Sessions now.

        President Trump’s choices will all come through like gangbusters eventually.

        Liked by 6 people

    • JC says:

      Great post, Fle. Thank you.

      I’ve loved this guy since the very first sentence he uttered in a press briefing. As he did with this speech, he disseminated complex info in a succinct, coherent manner so everyone could get it, then he mopped the floor with the msm. Most satisfying presser ever.

      Caught me by surprise that I actually teared up with that perfect paragraph about THIS President hearing exhausted working Americans. *sniff*

      He’s just so good. Thank you, President Trump, thank you, Director Mulvaney, and thank you, God.

      Liked by 7 people

  2. 4sure says:

    That is one of the most inspiring plans articulated I have seen come out of DC in my lifetime and I’m no spring chicken. POTUS needs to hit the “campaign rally trail” and give that talk all over america.

    Liked by 25 people

  3. India Maria says:

    The Forgotten AMERICAN…..

    “MAGAnomics is for everyone, but especially for those who left for work this morning in the dark but came home after their kids were asleep. It’s for those who are working part-time but praying for a full-time job. It’s for folks whose savings are as exhausted as they are.

    This president hears you. He knows America’s greatness doesn’t spring from higher taxes or unnecessary regulations or broken welfare programs. It doesn’t come from government at all. It comes from you.”

    Liked by 11 people

  4. NJF says:

    Who would have thought this guy would be such a star!!!

    Go get ’em!

    Related:

    He agrees.

    JPM’s Jamie Dimon blows up at Washington on earnings call

    http://www.cnbc.com/2017/07/14/jpms-jamie-dimon-blows-up-at-washington-on-earnings-call.html

    Liked by 11 people

    • Dixie says:

      Jamie Dimon’s rant sounded just like something President Trump could have said. I believe he is emulating President Trump.

      Liked by 2 people

      • julegate says:

        Too bad Mr Dimon cant talk about all the harm his bank has caused Americans. Lets see: guilty of Libor Rare rigging, guilty of silver/gold manipulation, guilty of housing bubble, the bank which handled Berni Maddof transactions where many Americans lost their life savings. Guilty of the London Whale where the market dropped milliions in hours. Then during testimony lied to Congress. Guilty of a Derivativesholdings that are so over extended they cant be covered. Meaning your bank account in any bank is not safe and could cause the entire system to go down. The bank that transferred the money in the Kennedy assassination, transferred the money for the downing of Malaysia Air 311. Most importantly the Bank that told the people in Argentina their currency was safe and the next day it collapsed. I’m sorry but in my opinion,Jamie Dimon is not someone who should be given any credibility.
        Until we all learn how insidious the Federal Reserve Banking system is and how it negatively affects our lives we will never be independent as a county.

        Liked by 1 person

  5. dalethorn says:

    Oh, my! Well, if we ever needed a new word to sell the concept so even Democrats and Bernie-bots can comprehend it, MAGAnomics is an inspiration from the angels. God bless our president, his administration, and us very lucky Americans.

    Liked by 6 people

  6. Rick says:

    Sounds much better than “Those jobs are gone, and not coming back”

    Liked by 13 people

  7. Flova says:

    I still remember that horror Barry Soetero laughing about those “shovel ready jobs” that never happened. How evil but what’s more evil are the liberals who went along with him and never even cared.

    Liked by 9 people

  8. freepetta says:

    Mr. President we love winning!!

    Liked by 2 people

  9. Katie says:

    We used to hear “Reaganomics” all the time. Our awesome President Trump is keeping his name out of this and making it all about America and Americans.

    He just keeps gaining my respect and admiration more with each passing day.

    Liked by 15 people

  10. M33 says:

    This “bitter pill” of a selection has turned quite quickly into “good medicine”!

    Liked by 2 people

  11. wheatietoo says:

    Jobs, jobs, jobs!
    Jobs are the key…to everything.

    Private Sector Jobs are how we save Social Security and Medicare.
    It is amazing how many people are unaware of this.
    Many people don’t know that Employers match every dollar that is withheld for SocSec/Medicare.

    When the Left wages war against Business…they are endangering our survival.

    We have to roll back all the job-killing regulations and punitive taxation.
    A lot of it has nothing to do with ‘saving the environment’.

    Once we have an increase in Jobs across the country, then we can start paring down our bloated govt payrolls.
    We don’t need so many bureaucrat jobs…we can do without them.

    Govt Jobs are revenue negative and require tax dollars to fund them.
    The taxes that are withheld from Govt Jobs are merely ‘recycled’ tax dollars.

    We’ve been borrowing money to pay for our bloated do-nothing govt…and passing the debt on to our children & grandchildren.
    This is insane.
    This is not sustainable.

    Thank God we finally have a President and an administration that knows this!

    Liked by 12 people

  12. TONYA PARNELL says:

    Mulvaney is sharp and puts the msm in their place. TRUMP 2020

    Liked by 3 people

  13. appadoo9 says:

    Sorry and surprised I have to read the full op-ed in a rag. So didn’t

    Liked by 1 person

  14. I LOVE THIS!!!! LOVE IT!!! LOVE IT!!!!

    The only sad part is that most of my prime earning years were totally wasted by the RINO/Bush administrations, the DEMON/Clinton administrations, and the DEMON/Obama administrations.

    So now I find myself at the age of 57 working a dead-end job, and wishing things could have been different, and now know that they SHOULD have been different.

    Why oh why couldn’t we have had a Trump administration immediately after the Reagan administration.

    Liked by 8 people

    • KBR says:

      Maybe Mick Mulvaney for POTUS after President Trump?

      Like

    • vinchenzer says:

      It was called the “Massacre of the Reaganites”. You can thank George HW Bush for that, he purged the Reaganites after he won the election. http://www.conservativehq.com/article/19518-bush-massacre-reaganites

      Liked by 3 people

    • marcyo13 says:

      Terrible. Know how you feel. I had the Reagan years and the boom, and then it was like what happened for the next 20 years. But we are living longer and working longer. I’m going into my seventh decade and starting a new career. It’s never too late to enter the Promised Land.

      “It will remind people—including those who have forgotten, or those who don’t want you to remember—what a great America means.” Or people like my 30 yr old son, taught in public school that America is a racist, evil nation, works his butt off, but government scolds him for wanting a higher salary and success, tells him he’s an oppressor, and that everything he does destroys the environment. He can’t even conceive of a good job that pays well where people appreciate your hard work and you feel you’re accomplishing something worthwhile. He’s going to think he died and went to heaven when the Trump nation really gets rolling.

      Liked by 1 person

  15. US says:

    Thanks to Sundance and the new media our President Donald Trump can circumvent the Enemedia. Maganomics!

    Liked by 3 people

  16. EV22 says:

    That picture of Mulvaney kills me. It looks like he’s holding POTUS’ invisible magic wand that Obama whined about:

    “ … when somebody says, like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back, well how exactly are you going to do that? What are you going to do?”

    “There’s — there’s no answer to it,” Obama said.

    “He just says, ‘Well, I’m going to negotiate a better deal.’ Well, how — what — how exactly are you going to negotiate that? What magic wand do you have? And usually, the answer is he doesn’t have an answer,” he continued.” http://tinyurl.com/yd4vhmtb

    Yeah. Obama is going to really regret that comment when history comes a knockin’.

    MAGA!!!!!!!

    Liked by 6 people

  17. sundance says:

    Liked by 8 people

  18. Brant says:

    I like the gusto and enthusiasm. A few points and I’m not trying to be a downer. Trump is doing his part both by tempering regulations and by working to get immigrants out. So, that’s two things he has done/doing to improve the employment environment. Potentially any work (at least the early work) that immigrants were doing and work in the future (infrastructure) are probably outdoors hot/cold and rather hands on and dirty (Mike Rowe). Older/middle age (40-50s) workers know/remember good quality work. Will younger workers (20-30s) work on the labor intensive jobs? It will be the globullists saying, “come to the nice air conditioned fun colleges” versus sometimes hot, sweaty, cold work. Which will they choose. Trump is/has done his part. Will the citizens do their part?

    Liked by 1 person

    • Minnie says:

      I personally know 3 strapping young men ready, willing and able to roll up their sleeves!!

      MAGA!

      Liked by 4 people

    • Fe says:

      You bet your sweet life they will want to do it because wages will be and should be higher. With Ivanka working on bringing job training skills back for high schoolers (like we had when I was in high school) it will grow interest, instill hope and a bright future for youngsters. I’ve no doubt about it, this country is being turned away from the deep dark abyss and into the bright morning sunlight. A year ago I was deeply concerned about my 4 granddaughters futures, but now my heart soars knowing God answered our prayers BIGLY with this gift named Donald J. Trump.

      #MAGAnomics is my new favorite word. Brilliant!!!!!

      Liked by 2 people

      • Brant says:

        I’m with ya. Like I said I wasn’t trying to be a winnie. Good day of work does a body good. There are times on my little 12 acre spread (not all farmy yet, which would be work), that I just want to go out and clear some brush and work up a sweat. Going out right now with some family on some wild hog huntin’. Yes, I will stay close to the truck. 🙂

        Liked by 2 people

    • MIKE says:

      True Americans WILL. It’s what we do.

      Liked by 1 person

    • wodiej says:

      Either they will gladly, or Trump will give them no choice. The days of college no nothing jobs is ending as is the liberal welfare hand outs.

      Liked by 1 person

    • Kaco says:

      Maybe not so much the suburban areas of major metro areas but there are plenty of places outside of those areas to choose from. A lot of those areas have been depleted in population because of industry leaving but it would be a great revitalization of all our towns and smaller cities if things can happen in those places again. My only thought is that the infrastructure jobs would be temporary or require lots of travel. Hope they can have some stability conducive to raising a family.

      Liked by 1 person

    • dalethorn says:

      Don’t think “old jobs” like the old factories etc. Many of the new jobs will be similar, building walls and bridges and roads et al, but there are new tools and technologies, new education systems coming, and those who want to be positive about the future will jump on these things. Those who tend to be negative and lazy will always be negative and lazy. I think we’ll find something for them to do anyway.

      Like

  19. wodiej says:

    One of the many great things PT said while campaigning was that he knew lots of people who wanted to help him Make America Great Again. Here is another example.

    Liked by 2 people

  20. bearsgrrr says:

    Anyone else think they are under predicting (3 percent) so they can over perform? 3.5 -4 percent?!

    Liked by 3 people

  21. Publius Covfefe says:

    Yes, bearsgrrr. A bit of Star Trek’s Chief Engineer, Montgomery Scott would always under promise and over deliver (Captain it will be 48 hours to get the warp drive on line, and nail it in four hours). I call it managing user expectations.

    Liked by 3 people

  22. Pancho says:

    The part of this op ed that we can read for free, what is posted here by Sundance, is fabulous–heartfelt and very moving. I was thrilled to read it.

    Liked by 2 people

  23. SharkFL says:

    It is quite amusing that the White House is linking to an administration released, cabinet secretary authored, major policy statement on the overall direction of the economy, and specifically benefiting the midlle class, the ‘little guy’ …
    … and the publisher chosen, the ‘Wall Street’ Journal has a paywall that keeps out this little guy.

    Like

  24. carrierh says:

    I have heard/seen Trump’s appointees and how quickly they jumped in and got to working each on what they were appointed to do, and, of course, this scares our crooks in Congress along with leftists and globalists because we will not give in and we will not fail in MAGA and yes each appointee is different but each is magnetic and show the will and power to do what must be done. Now, to get our supposed representatives in Congress to move TODAY on waiting appointees to be approved (I still don’t see what this step is even needed at all but so be it) and we need to keep on calling, writing, and pushing our elected employees to do the job we hired them to do and stop obfuscating, delaying, wasting time and money and yet to blind to see that they are about to be removed in more than one way. Their obligation is to represent what we want and no blocking us!
    Again, the appointees always give a clear presentation on their job and where they are in getting it done, just as Sundance gets us real and clear information and some day hope to know who Sundance is so he/she can be properly lauded and I would even ask Trump to award a medal to him/her for great news updates and common sense and filling us again with pride!

    Liked by 1 person

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