I would say that we're on the path to another recession.
Of course we are. There will be upside and downside fluctuations in the economy. The only thing it *won't* do with any certainty is stay the same.
There is also just dang near nuthin' that anybody's administration will be able to do about it, either. Lower taxes are good and let the economy grow if the business cycle is there make it happen, but the business cycle forces are what really moves us from up to down and back again.
Administrations get to take the credit, and are given the blame for the state of the economy, but rarely do they ever have anything substantive to do with it. Tax policy does have an effect, and regulatory ominousness has an effect, but they aren't a year-to-year effect. Those are decade-to-decade effects. IMHO.