"When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists."

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Normally what happens in a new presidency is the president has a big agenda, and Congress is full of people with human weaknesses. And so the president indulges the human weaknesses of members of Congress in order to pass his agenda. This time it's the other way around. Donald Trump does not have much of an agenda. Congress burns with this intense Republican agenda and so does Congress that has to put up with the human weaknesses of the president in order to get a signature on the things it desperately wants to pass.

— David Frum