Comment by jfengel
19 days ago
That's true. Though in this case the administration is taking a much more active hand in the economy than any in almost a century.
For the most part the correlation between administrations and the economy is arbitrary. But in this case I would make a case that it is causative.
It's not usually quite as causative as this administration, but it's also not arbitrary. Even leaving aside the president's party correlating with the majority party in congress (at least until the midterms) the policies of the cabinet picks can have pretty significant effects.