Here's a question: what if the economy continues to grow and unemployment remains low throughout his term? Would he be one of the few presidents who lost reelection with a stable economy?
The economy is the only reason he's sitting at 42% and not 30-35%. People are happy, so they tolerate his stupidity and bovine flatulence.
Anyhow -- how, pray tell, does the economy keep going and defy the laws of a business cycle? I'm just curious, what do I know about the laws of economics.
There is no "law" that says cycles have to end after x amount of years. We really didn't have a real recession between 1993 and 2007.
Those times are never coming back for a few reasons. The 90's and 2000's saw three things happen that led to a robust economic boom (two of which aren't happening 2017-2020).
1. Tech boom (although I will conceded that this is a continuing process that we're still going through).
2. Baby boomers (the largest generation in human history) entering their peak earning years from the 90's-2000's. Gen X is considerably smaller than boomers and have been the ones entering their own peak earning years starting right around the 2008 crisis. While millennials are larger than Xers, they will be too young to start entering their peak earning years from 2017-2020 since the oldest of them will barely be turning 40 in 2020.
3. The collapse of the Soviet Union and sudden opening of vast marketplaces in former soviet states for commerce and trade. This formerly untapped resource of economic growth has largely been utilized. And if anything, trade and economic openness will get worse with Trump given his actions and statements.
