Don’t Be Shocked If Trump’s Economy Goes the Way of Bush’s

Although the economic contexts for the start of the Donald Trump and George W. Bush administrations were very different, both presidents responded with essentially the same economic formula — tax cuts, higher spending and aggressive deregulation.

In both cases, as expected, the economy responded to the stimulus with boosted growth of stocks and gross domestic product. For Trump, the good numbers on unemployment, GDP and stocks were more immediate, owing to the much more favorable economy when he took office, than they were for Bush.