Summary:  Last quarter the Atlanta Fed's Q1 GDP  forecast was 3.4% in February. The most recent number was actually .7%.  After all the negative economic data that came out today suggesting that Q1 could be revised lower, the Atlanta Fed came out with their forecast for Q2 GDP at 4.3%.  How is this possible, with no economic data to support this projection? Either they believe their policies are still valid in the face of data on a downward trajectory, or they are simply acting as salesmen, promoting economic health regardless of the actual data.

*  Today was Donald Trump's 100th day as President of the United States

* The media is covering this event and looking back over the last 100 days

* Trying to assess the effectiveness of Trump's presidency thus far

* What has he accomplished, how much progress has he made;

* I think the origin of assessing the first 100 days of a presidency goes back to Franklin Delano Roosevelt

* Who of course became president during the Great Depression

* I think the President accomplished a lot during his first 100 days

* That's been the benchmark for which future presidents have been judged

* It's not about which President did the most good for the country during the first 100 days

* It's just, "Who did the most?"

* Because, FDR did a lot, all of it harmed the economy

* Not only did FDR's exacerbate and expand the depression,

* His actions had repercussions for decades

* We are suffering today from the mistakes that FDR made in his first 100 days

* He accomplished a lot, but he accomplished a lot of mistakes

* I would rather have a president do nothing for his first 100 days

* If a President just played golf for 100 days and did nothing

* Chances are he might be the best president we've ever had

* Most Presidents do damage to the economy during their first 100 days

* To the extent that they pass a law, chances are, the law just limited our freedom and reduced our standard of living

* That's true for most politicians: doing nothing is better than doing something

* Because doing something normally means doing harm

* I wish politicians would take the Hippocratic Oath, "First do not harm"

* If politicians took that oath, they could not do anything

* To the extent that a President can undo the damage done by a previous President

* Then, he would be doing a good thing

* I recognize that some of the things that Trump is trying to do is to undo Obama's mistakes


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