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The President Doesn’t Affect The Economy That Much. The state of the economy can (and usually does) guide how people vote when choosing the next president.
During a March 2004 interview, Trump stated: "It just seems that the economy does better under the Democrats than the Republicans." [28] [29] The Joint Economic Committee Democrats summarized and expanded the Blinder and Watson analysis in a June 2016 report, writing: "Claims that Republicans are better at managing the economy are simply not ...
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. To be fair, the president does have some power to ...
But from the coronavirus pandemic to the Fed’s rapid rate hikes, forces outside the president’s control can often make or break the U.S. economy’s chances of avoiding a recession or inflation.
President-elect Donald Trump’s plans for higher tariffs, lower taxes and more curbs on immigration are expected to reignite inflation but economic forecasters are divided over whether they’ll ...
Job growth by US president, measured as cumulative percentage change from month after inauguration to end of term [150] Panel chart illustrates nine key economic variables measured annually in 2014–2017. The years 2014–2016 were during President Obama's second term, while 2017 was during President Trump's term. Refer to citations on detail ...
Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year. [241] [242] Prior to the pandemic, real GDP growth averaged 2.7% during the first three years of the Trump presidency. [243]
It's worth noting that the president does not exclusively influence these factors; Congress, the Federal Reserve, and many other institutions and outside factors influence the economy. Presidents ...