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Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
Obama attempted to grow the economy without increasing inflation throughout his term, and inflation did remain low even in spite of global uncertainty on the back of the Great Recession. Donald ...
If the economy does well, an incumbent president has a much better chance of being re-elected. If there is a recession, their chances may be slim. ... Inflation rate: 4.4%. Poverty rate: 12.80% ...
No president directly controls the inflation rate or the cost of goods and services, but fair or not, the Oval Office's occupant gets credit when prices fall and blame when they rise. Trending Now ...
One of the main focuses of the 2024 presidential election is on how President Joe Biden has handled inflation during his time in the White House. Biden supporters point to a steady easing of ...
By comparison, inflation under Biden peaked at 9% in 2022 as oil spiked after Russia invaded Ukraine, while the fed funds rate reached as high as 5.25%-5.5% in 2023.
Inflation has been consistently worsening for the last year, and gas prices, now nearly $5 a gallon, are at the highest levels ever, unadjusted for inflation. GDP growth is slowing after a ...
The average price of gas as of Nov. 11 is currently $3.08, according to AAA, down from $3.38 in 2023. De Haan’s belief is that, spikes aside, the average price of gas would decrease to ...