Month: July 2023

Morgan Stanley Credits ‘Bidenomics’ for GDP Growth

Buck Banks

1.9%

Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product, CNBC reports. As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%.

Harris Says Florida is ‘Replacing History with Lies’

Buck Banks

“They want to replace history with lies. These extremist, so-called leaders should model what we know to be the correct and right approach if we really are invested in the well being of our children. Instead, they dare to push propaganda to our children. This is the United States of America. We’re not supposed to do that.”

— “Vice President Kamala Harris on Friday rebuked the Florida Board of Education’s new standards for how Black history will be taught in schools, calling it an effort by extremist leaders to spread propaganda,” NBC News reports.

Why 2024 Isn’t 2016

Buck Banks

52 million

Celinda Lake and Mac Heller: “Every year, about 4 million Americans turn 18 and gain the right to vote. In the eight years between the 2016 and 2024 elections, that’s 32 million new eligible voters. … Also every year, 2½ million older Americans die. So in the same eight years, that’s as many as 20 million fewer older voters. … Which means that between Trump’s election in 2016 and the 2024 election, the number of Gen Z (born in the late 1990s and early 2010s) voters will have advanced by a net 52 million against older people. That’s about 20 percent of the total 2020 eligible electorate of 258 million Americans. … And unlike previous generations, Gen Z votes.”

Republicans Want to Plant Trees to Combat Climate Change

Buck Banks

1 trillion

Associated Press: “The idea — simple yet massively ambitious — revealed recent Republican thinking on how to address climate change. The party is no longer denying that global warming exists, yet is searching for a response to sweltering summers, weather disasters and rising sea levels that doesn’t involve abandoning their enthusiastic support for American-produced energy from burning oil, coal and gas.”