We better not go into a recession because it will be long. We don't have the tools to pull ourselves out immediately available. I mean who lowers interest rates and hands out tax cuts during a booming economy? Trump had the economy in 5th gear, and then he decides to redline it. That didn't make sense to anyone except those cashing in, to cash out before a collapse.
The President does not control interest rates. The tax cuts were necessary because we pay too much tax, but should have had a huge corresponding cut in spending. Restoring regulatory sanity was most responsible for the recovery. And the economy was recovering nicely but wasn’t exactly 5th gear when Trump got his tax deduction through. Maybe 2nd gear. At least Obama’s economy was in rear view.