We'd call it a kind of stick save that came, ironically, the very day Trump is planning to sign a $1.7 trillion budget abomination. The deal negotiated with Pelosi and Chuckles Schumer, and voted against by a large majority of House Republicans, shit-cans the decade-old discretionary spending caps and permits unlimited Federal borrowing through June 2021.

So who needs Hillary? Or even Barry!

As it happened, the 2.035% seasonally adjusted annualized growth rate for Q2 made it over the hump by a smidgen on the strength of an aberrant 0.85% contribution to GDP growth from the government sector (federal, state and local).

The latter figure compares to a 0.24% average contribution from the government sector during the Donald's first nine quarters in office. So if you merely adjust for the excess contribution (0.61%) from government, you would have had an even more punkish 1.43% headline GDP growth rate this AM.

Then again, it is only through the miracle of Keynesian GDP accounting that economic waste on defense and domestic pork barrels or extractions from taxpayers to fund bureaucrats' wages and other purchases count as "growth". Self-evidently, when the state becomes corpulent like at present, it undermines prosperity and the rudiments of real wealth gains.