Matt Bai: “Economies are subject to external shocks that have nothing to do with a president’s domestic policy… All of these presidents confronted painful recessions, but they had about as much control over the events that triggered those recessions as they might have had over an asteroid hurtling toward Earth.”
“At least that’s how it was before Trump’s second term, which in this way — as in so many other ways that it’s become almost cliché to say it — marks a departure from everything we’ve seen before. Unlike any president since at least Woodrow Wilson a century ago, Trump actually has created his very own economic hellscape, by embarking on a series of radical steps that no one asked for and that only the most boneheaded ideologues would have advised.”
“Trump is the only president in our lifetimes to be placed at the helm of a fundamentally seaworthy economy and immediately chart a course for the nearest field of icebergs.”
