UPDATE: "President Trump has made the economy so much better that it has added 186,000 fewer jobs in his first seven months than it did in President Barack Obama’s last seven months. . .
It shouldn’t be surprising that the economy isn’t doing any better under Trump, since Trump really hasn’t done anything to make it better. . .
The economy, then, is still just chugging along as it has been for the last six years now. Nothing has changed. . .
But in any case, it is fitting that Trump has tried to take credit for the same economy he said was a disaster as recently as nine months ago. That’s just him running the government like a business — at least his own. After his casinos went bankrupt in the early 1990s, you see, Trump figured out that it was a lot easier to let other people put his name on things they’d built rather than do so himself. (Well, that and a lot of Wall Street banks wouldn’t lend to him anymore). This is no different. Trump is just putting his name on a recovery that Obama put in place with his stimulus and his Federal Reserve picks.
I guess making America great again means keeping things like they were under Obama."
Read the Washington Post, Trump’s economy is doing (slightly) worse than Obama’s.
From Axios, The incredible shrinking president:
"The 'most powerful man in the world' is suddenly looking mighty powerless:
Speaker Ryan and Senate Majority Leader Mitch McConnell are going their own way on tax reform. Hill sources believe his original targets, including a 15% corporate rate, are dead.
SecDef Mattis didn't immediately embrace his full ban on transgender troops.
His Justice Department won't drop the Russia probe.
Courts won't allow his full Muslim ban.
Mexico won't pay for his wall.
Congress won't pay for his wall.
The Senate won't pass his promised health-care reform.
Gary Cohn and Sec State Tillerson won't tolerate his Charlottesville response.
North Korea won't heed his warnings.
China doesn't fear his trade threats.
CEOs won't sit on his councils.
Mexico and Canada won't bend to his will on NAFTA. . .
[And] crises sprouting all around:
An epic flood that will cost taxpayers billions in damages and consume Congress when it returns.
North Korea crossing new lines, rattling markets.
Racial tensions boiling.
Rising fear of a government shutdown, at the end of September or December.
Increasing pessimism in a once-buoyant business community.
Daily clues emerging of an expansive, ominous Mueller investigation."
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