On the same day that the Trump administration boldly reasserted that it would achieve 3 percent economic growth through “MAGAnomics,” official Washington naysayed that lofty goal.

“We are promoting MAGAnomics — and that means sustained 3 percent economic growth,” Trump Office of Management and Budget Director Mick Mulvaney wrote in an op-ed published in the Wall Street Journal Thursday. MAGAnomics, of course, is a portmanteau combining the president’s catchphrase “Make America Great Again” with “economics.”