I think people are overestimating the economy. It was doing pretty much just as well in 2016 and that didn't stop voters from electing someone like Trump. A high stock market doesn't mean a whole lot when almost all of the growth goes into the pockets of the already wealthy. Wage growth is still quite low by historical standards, particularly when you consider we're in a 10+ year bull market.
Hell, Canada currently has as low of an unemployment rate as it has had in the last 45 years and the TSX is at an all time high, but is anyone going to argue that the economy is so good that it makes the government bullet proof?
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