As you’ve probably heard, the GDP growth for Q3 came in at a red hot 4.3%. What you may not know is that about 90% of the professional economists got it wrong – all underestimating the strength of the Trump economy. QED: these weren’t random errors. These were “hate Trump” errors.

We looked back at the Blue Chip forecast for 2025: the estimate was 2.1% – unless Trump’s policies made it even worse!

The chart below shows the actual numbers for Q2, Q3, and the most recent (Dec. 23) estimate Atlanta Federal Reserve Bank for Q4.

If the Atlanta Fed gets it right, the full year will come in at 2.6%, beating the Blue Chip by a full half point. But the third quarter GDP print beat the Atlanta Fed estimate by 0.8% – a similar miss would put full year GDP growth at 2.8%. And this is all including the -0.6% first quarter, before Trump’s policies had time to take effect.

Starting in the second quarter, GDP has been nearly twice as high as predicted.

To quote the inimitable Maxwell Smart: “Missed it by that much.”

This isn’t the first time the whiz kids whiffed on the Trump economy. These are the same Keynesian economists who warned at the start of Trump’s first term that we would see a stock market crash and maybe a second Great Depression. Time to send back Ivy League PhDs and admit they have no idea what they are talking about. Nor do they learn their lessons about underestimating Trump policies.

The latest blue chip forecast for GDP in 2026 is 1.9%. We will take the over on that one.