|
First off, the Dow, Nasdaq, and S&P 500 are not the economy. Second, a President has very little influence on the economy. Third, you are absolutely right that those who claim he is the reason the economy softened will not give him credit if it firms up.
And as far as the economy bottoming out or it being too strong to fall into another depression. Completely wrong. Fundamental economic truths have not been rewritten. There is no such thing as a "new" economy. If inflation spikes, housing prices slide, and/or the stock markets tumble you'll see consumers flinch and stop spending. If you think the economy growing by only 3% hurt wait till it slides into recession. It will happen eventually.
__________________
Strive to be more curious than ignorant.
|