At 1.6% year over year in July 2019, we're still nowhere near the high 2s of last year which actually still disappoint because those failed to match previous more robust growth spurts even under Obama.
The Trump tax cuts went to the wrong folks. Too bad they weren't really his, but his Republican handlers'. Think of them as NeverTrump's revenge: "We'll sandbag this guy with tax cuts which will help our friends but hurt his re-election chances".
The consumer is running on empty and emptier.
