#TIA – We still think even Trump can’t drive us over the cliff, but that optimism is weakening. There’s never been any doubt who’s the bad guy.
Presidents get too much credit when the economy is good, too much blame when the economy is bad.
That has been my mantra for months and months whenever people ask about unemployment, stock markets or any other economic or financial measure, and how President Trump stacks up to his predecessors. Presidents can’t power-steer economies, I always say: They can affect things on the margins, through policy choices and leadership, but ultimately, business cycles are driven by forces beyond their control.
But given how many serious policy mistakes Trump has made lately, I’m starting to rethink that response.
Read more at The Washington Post