In the year since President Donald Trump has been in office, the economy has done something it has been unable to do since 2005: maintain 3 percent growth for three quarters in a row.
"I think the policies matter. In particular, business investment which was lagging badly through much of the expansion and really started to pickup in the last year, I think that does have a lot to do with the attitude about regulation," said Stephen Stanley, chief economist at Amherst Pierpont. "Aside from just the reality of a tough regulatory environment, I think there was a fear of the unknown. I think there was a perception in the business community, and people can debate whether it was merited or not, that they were subject to what were considered arbitrary, adverse regulatory decisions. So I think there was a hunkering down.
I can't wait till eggplant attempts to put his mulatto spin on this baby.