Trump is even losing on the economy

By Jennifer Rubin,

The Post reports: “The U.S. economy cooled over the summer, growing at a 1.9 percent annualized pace from July through September, the latest sign that the slowdown is deepening. … Consumer spending continues to power the economy, but business investment has now contracted for six straight months, falling 3 percent in the third quarter, the biggest drop since the end of 2015.” There is no mystery as to why investment is slowing: “A number of companies have said they are pulling back because of economic uncertainty, particularly related to whether trade rules will be shifting with China and other countries. Spending on both structures and equipment was deeply negative.”

Now we also have a gigantic budget deficit ($984 billion at last look), driven in large part by the tax cuts that were supposed to both pay for themselves and permanently goose growth. The tax cuts did neither,

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