Hiltzik: Trump ruins the great economy he inherited

It was Bill Clinton’s campaign guru James Carville who codified the insight that the Democratic Party’s electoral prospects were destined to rise as Americans’ feelings of economic well-being slid: “It’s the economy, stupid,” was his mantra. Tuesday’s election results validated Carville’s principle. One can see that in the surprisingly robust victory margins of gubernatorial candidates in Virginia and New Jersey, as well as the decisive margin of voter approval of California’s Proposition 50 redistricting ballot initiative. The lesson delivered by the results is that Americans sense that the economy is reeling. They’re right. Most economic indicators are flashing yellow or…