Even as we try to cheer ourselves up and enjoy the holiday season, one of the realities that has been lurking just beneath the surface throughout Trump's presidency is becoming clearer: As miserable as the first two years were by any conceivable measure, this has been the *good* part. We haven't even started the bad part yet.
Though the president's actions in no way contributed to it, the national economy maintained its pedestrian growth rate since the end of the Obama era. Employment has remained pretty high, with the important caveat that much of the job market consists of low wage, no benefit service industry type jobs and Gig Economy things like Uber driving taking people out of job-seeking. The stock market, for the rarefied slice of Americans who get to benefit from such things, has performed well. It's not an economic track record anyone should crow about (not that anything could stop Trump from credit-claiming) but it certainly hasn't been an unmitigated disaster. Remember the last year of W Bush and the first year of Obama? THAT was bad. This has been just kinda mediocre.
But as you no doubt have noticed, the inevitable "correction" of the stock market is well underway (and overdue). While the stock market is not the economy or vice-versa, bear markets like this historically are a reliable indicator of economic trouble ahead.
Some critics have pointed out (correctly) that the mystery of why Trump's approval rating is so high (that is, in the low 40s instead of like 15% where it logically should be) is better understood as: Why is his approval rating so *low* given the overall positive to decent economic indicators? And that's what I mean when I say the bad part is still to come. Trump has coasted on a lot of "Well, the economy's going up so who cares!" cynicism and callousness so far. As we have seen clearly, those white suburban middle class types will put up with just about anything is the 401(k) performs. When that support softens, what do you think Trump is going to do? If this is how he behaves now, how will he behave when his approval is in the 20s like fin de siècle GWB?
Authoritarians don't have any strategy for digging themselves out of a hole except to do everything they're doing, but harder. Changing course is not a thing they're emotionally capable of doing. Authoritarianism is an endless string of doubling-downs until they're removed from power.
Additionally, while I don't recommend hanging on the every turn of Mueller's investigation it appears (as anyone with half a brain predicted from the beginning) that the news will continue to get worse on that front. The mass exodus of cabinet and White House officials appears to be accelerating, which is a reliable sign that people who know something we don't know are starting to give Trump a wide berth.
The traditional authoritarian move when the walls close in is to start a war and double down on persecuting minority populations internally. The latter is bound to keep ratcheting up until Trump is gone; at this point my hope is simply that we can get to the endpoint without the former.