Is a slight slowdown in the economy fault of new president's policies or rather just economic cycle? My assumption is that in the short run labour cost to the e

Is a slight slowdown in the economy fault of new president's policies or rather just economic cycle? My assumption is that in the short run labour cost to the economy will increase, but in the medium to long run the positive effects could be more noticeable: accumulation of savings, growth if taxes were invested sensibly by government (i.e. in R&D).