中美貿易戰

US Democrats should remember, ‘It’s the economy, stupid’

Everyone complains about the weather. Nobody does anything about it. The same applies to the US economy. America shifts restlessly from its first non-white president to an orange-haired nativist. But its fixation on the economy rarely wavers.

Even amid widely shared booms (millennials should ask a grandparent), Americans have still wanted more. But as long as growth is occurring, they will tolerate ethical flaws in their commander-in-chief. Decency comes second. Just ask Bill Clinton. Or Donald Trump.

All of which should be top of the agenda of whoever wants to replace Mr Trump next year. A clear-sighted view of the 2016 election would diagnose Mr Trump as a symptom, rather than the cause, of America’s problems. Doctors should not lose sight of the ailment — a system where the politicians do very well both for themselves and their business sponsors. Others see little of that permanent boom. Blaming the problem on Russia is like telling a cancer patient they should suspend treatment to sue the driver who ran over their dog. It misses the point.

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