Under normal circumstances - yes. Under the Kenyan-born marxist - we keep think we are hitting bootom. This is what Zimbabwe thought was happening under Mugabe.
Well, bear in mind there are NEVER normal circumstances. If it isn’t a incompetent president (Carter, Obama) it’s a powermad president (FDR) or it’s a communist congress (under Reagan / Bush I / Bush 2), or its a president preoccupied with his pickle (Clinton, Kennedy).