Wonkbook: Trump's MAGAnomics is here. And his team repeated Obamanomics's big mistake.

By Heather Long Just in: The White House wants Americans to...   The latest economic and domestic policy from Wonkblog   President Trump greets Senate Majority Leader Mitch McConnell (R-Ky.), left, as House Speaker Paul Ryan (R-Wis.) takes his seat at the White House on June 6. (Photo by Jabin Botsford/The Washington Post) By Heather Long Just in: The White House wants Americans to call the president's economic agenda "MAGAnomics," not "Trumponomics." "We are promoting MAGAnomics—and that means sustained 3 percent economic growth," wrote Mick Mulvaney, President Trump's budget director, in a Wall Street Journal op-ed Thursday. Mulvaney gave a rehash of what Trump has been saying since he announced his run for president, including cutting taxes, slashing regulations and rewriting trade deals to boost growth. But here's the key part: Mulvaney promises 3 percent a year growth. It's in writing in America's top business newspaper. With that promise, the architects of MAGAnomics are making the same error that the masterminds of Obamanomics made: They're promising far more than they are likely to deliver. Even worse, they are putting a very concrete target out there: 3 percent GDP or bust. Trump's already off track. Read the rest on Wonkblog. Top policy tweets Even the intellectual left is drawn to conspiracy theories about the right. Resist them. https://t.co/s5ZXNUmJIh via @voxdotcom ADVERTISEMENT   — Jonathan H. Adler (@jadler1969) July 14, 2017 WSJ: Kushner helped organize a tech event at the W.H., a startup part-owned by his brother got a seat at the table.https://t.co/X1mNQ4jElc — Kyle Griffin (@kylegriffin1) July 14, 2017 Trump administration reduces royalty rates in first U.S. oil, gas lease sale https://t.co/tFVByDRF42 — Chris Mooney (@chriscmooney) July 14, 2017 I am completely convinced by this argument to move major government agencies from DC to the Midwest: pic.twitter.com/oBapet1RuM — Ezra Klein (@ezraklein) July 14, 2017 This @nytimes article was v. revealing about "labor shortages": Mkt power allows employers to maintain high margins https://t.co/kEL5vQlEDf — NRKocherlakota (@kocherlakota009) July 14, 2017 Most Recent Posts from Wonkblog Let’s take a look at how the CBO thinks Trump’s proposals stack up against Obama’s The first official estimate for how Trump's proposals would affect the economy is out, and the results are mediocre. By Max Ehrenfreund  •  Read more »   The GOP’s under-the-radar tax break for the upper middle class No one is quite sure how much money is at stake, but proponents say the change would help more people get insurance. By Max Ehrenfreund  •  Read more »   Trump promises to crack down on foreign steel, but delays continue Trump once again vowed to crack down on foreign steel imports, nearly two weeks after the White House's self-imposed deadline for the action had passed By Ana Swanson and Damian Paletta  •  Read more »   Trump says he wasn’t joking about a solar paneled border wall 'There's no better place for solar than the Mexican border' By Tracy Jan  •  Read more »   ‘Uncertainty and dysfunction’ have overtaken USDA program for organic foods, key lawmaker says The Senate Agriculture Committee, preparing for the next farm bill, hears testimony about the importation of fraudulent organic products. By Peter Whoriskey  •  Read more »   Trump's MAGAnomics is here. And his team repeated Obamanomics’ big mistake 'MAGAnomics' may be catchy, but by attaching it to concrete promises, the White House is playing a dangerous game. By Heather Long  •  Read more »   Medicare’s hospital trust fund will run out of money in 2029 Report offers annual glimpse of country's two biggest entitlement programs By Carolyn Y. Johnson  •  Read more »   'We're losing more people to the sweets than to the streets': Why two black pastors are suing Coca-Cola Soda manufacturers are accused of knowingly deceiving customers about the health risks of sugar-sweetened beverages — at great cost to the African American community. By Caitlin Dewey  •  Read more »   Republicans’ new health-care bill would keep Obamacare’s taxes on the rich — for now On the right, the taxes are some of the most unpopular aspects of Obamacare. By Max Ehrenfreund  •  Read more » ADVERTISEMENT   Recommended for you   The Finance 202 Your daily guide to where Wall Street meets Washington. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2017 The Washington Post, 1301 K St NW, Washington DC 20071