Capitol Report: Visualizing the huge difference in the White House economic projections versus the CBO’s and Wall Street’s

It’s one thing to hear that the White House, unlike pretty much every other forecaster, sees economic growth of over 3% every year for the next half decade.

It’s another to visualize it. This chart shows the big gap between the White House view of the U.S. economy, the nonpartisan Congressional Budget Office’s, and Wall Street’s (taken from the Blue Chip-compiled consensus, which is the average of about 50 private forecasts).

There’s about a half-point gap in this year’s projection of the U.S. economy, widening to about a full point over the next decade.

That’s not to immediately dismiss the views of Larry Kudlow, Kevin Hassett and the rest of the White House number crunchers.

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