I don't assume that actually. I don't even know who the competition will be. I think it's gonna be a wipe out one way or the other. Don't think the direction is predetermined. Recessions generally work against the incumbent, sure. But I've never been sure which way it will go. I think Trump really didn't help himself by blowing his political capital on Paul Ryan's giant corporate tax cut. Had he insisted on giving the bulk of it to the little guy, he might have been nearly impossible to beat. But he did the opposite. So now we'll see.

One thing's for sure: That 4%+ growth is never gonna materialize. We can't even crack 3%. And the tax cuts once again were no panacea.