803: The Fed Revises GDP Numbers While Gowdy Tells Rosenstein to "Finish the Hell up!"

Published: June 29, 2018, 7:13 p.m.

Today I'm going to piggy pack off a discussion I've been carrying forward for the past few days. Both the Atlanta and St. Lewis Fed have revised down their GDP projections significantly. This should come as no surprise to any of you considering this typically happens. Turns out Trump's forecast of 5% GDP growth in the 2nd quarter will most likely come in somewhere between 1.75% and 2%. Right in line with inflation expectations. Translation? The economy isn't getting better it's just inflating. ****There's a truck driver shortage in America today. We're short around 63,000 drivers and companies are finally coming to the realization that they can't avoid economics forever. So they've decided to the one thing that can end their shortage and get drivers back on the road. Offer better pay and benefits. I'm shocked it's taken this long but the reality is, the free market doesn't always work as quickly as we'd like. The good news is, left alone it will balance itself. It doesn't require government, just the invisible hand of millions of people all pursuing their own self-interest. Enjoy the weekend!! Jason Support the show.