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The new President, whether Trump or Hillary, will be blamed for it.

I disagree. If Mrs. Bill Clinton, rape enabler, is elected any down turn will be blamed on "the Trump effect". That will be something along the lines of Trump, and his supporters, having made things SO toxic that they tanked the economy as a way of sabotaging the greatness that is her Thighness. Or...wait there is no or; that's the only arrow they'll have in their quiver. The media and the GOPe will go full tilt in an effort to blame Trump and his supporters for any negative thing that happens for the next 4 years; nothing else will even be put forth as a reason for the economy tanking, or country imploding.

It was reasonable to blame the second Bush administration for the fallout around the derivatives and residential real estate collapses of 2007-08, as they failed to foresee the crisis or act effectively before proposing the bailout. Assuming there is a recession caused by the cascading effects of, say, the collapse of Deutsche Bank, a Russian-NATO war, or a sovereign debt default on the part of the PIIG nations in the European Union, not even low information voters would buy a blame game on a failed Presidential candidate, whether Hillary or Trump. Hoover owned the 1929 stock market collapse; Carter owned the inflationary recession of the late 1970s. If there is a recession in 2017-18, whoever is President, Trump or Hillary, will own it.