some of that is of a broader global concern. when you also start to worry about the u.s. economy slowing down and we ve seen interest rates drop, sending off a cautionary signal, a growth recession, sub par growth could come to the u.s. we re seeing some rates drop. that s in anticipation of slower growth down the road. some people are calling for sub 1% growth in 2019 for the u.s. economy. that means likely that the federal reserve is done raising interest rates. at least in my view, they re done for now and possibly for the cycle. and we ve also seen a host of other indicators. today s job report was strong. private sector payroll employment, that s a lagging indicator. the leading indicators are slowing. that s a problem. and the things that look forward as opposed to things that measure what happened. employment isn t back. employment is always what happened last month. we had the recovery in the stock market the last five days.
i lost all hope. to me, i think the house, in particular, is just a math problem for them. they re guided by polls. it s not that different from the nixon era. the nixon era republicans turned against nixon because facts came out. then the public turned against nixon. they were a lagging indicator. it s the case now it may be worse, in that sense. they lost 40 seats. exactly. crucial. so at this point, they ve been doing the math and every day a lot worried about getting primaried and the math is painful to stick with trump but divorce myself from trump would be more painful. the calculus you ll do in your head is different. what are the costs of staying with him. abandoning him?
they re guided by polls. it s not that different from the nixon era. the nixon era republicans turned against nixon because facts came out. then the public turned against nixon. they were a lagging indicator. it s the case now it may be worse, in that sense. they lost 40 seats. exactly. crucial. so at this point, they ve been doing the math and every day a lot worried about getting primaried and the math is painful to stick with trump but divorce myself from trump would be more painful. the calculus you ll do in your head is different. what are the costs of staying with him. abandoning him? i think after it comes to pass the democrats take control of the house. that calculus will shift doct
lagging indicator, too. i think that as the sands shift, it may take more than a few months for people to recognize that the old bull and expansion might be lagging. low unemployment, markets are doing well. we ll see. california, meanwhile, leading 16 other states and washington, d.c., suing the epa over its rollback of obama-era auto emission regulations. lowering the standards will create a divide in the country. about one-third of all drivers would still operate under tougher emissions rules established by california and currently followed by 12 other states. the epa has not commented. automakers have been complaining about the tougher standards they ll have to meet starting in the model year 2022. they re calling for a single national standard. california really controls the automotive industry in terms of sales. after a week of controversial tweets, kanye west took a bizarre turn. listen to what he told tmz about spla
have to get something done. when does this change? when do republicans say this thing with trump and russia is just too much of an albatross and it s going to cost us? bill, you oh, i think we may have lost bill. perfect. charles. charles, did you hear my question? maybe destroys the contact here between u.you and washingt. can chuck todd hear you? now i can hear you. did you hear my question? yeah. enough of it i think. republican voters stuck with nixon to the end. he had 50% approval among republicans. about 20% of the country when he finally left in august of 1974. i think that would be a lagging indicator. members of congress, they stuck with him quite a long time. liz remembers this and others do as well. there were a lot of people hoping for the best, rationalizing, maybe dean isn t telling the truth, maybe nixon didn t understand it. maybe it wasn t that serious a problem. i m not saying this is