Howard Lutnick’s missed economic prediction

Last December, Commerce Secretary Howard Lutnick wrongly predicted the second quarter of 2026 would be “amazing” with “all this money” coming “back into the economy from the Big Beautiful Bill.” Joe calls out the administration's foreign wars and tax cuts for billionaires, as the U.S. economy slowed this quarter to just a 1.5% growth rate. And as fighting continues in Iran, the country faces persistently high inflation.

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