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Since World War II, the United States economy has performed significantly better on average under the administrations of Democratic presidents than Republican presidents. . This difference is found in economic metrics including job creation, GDP growth, stock market returns, personal income growth, and corporate pro
In his 2011 State of the Union Address, President Obama called for a goal, "By 2035, 80 percent of America's electricity will come from clean energy sources." [ 14 ] In January 2017, President Obama published an article arguing that private-sector incentives will help drive decoupling of emissions and economic growth.
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
In reality, the president may not have as much control over the economy as people tend to think — the Federal Reserve, for instance, has a much more direct influence over how well the economy does.
However, the president alone isn’t responsible for economic outcomes. Generally, policymakers have two main tools to influence the economy: monetary and fiscal policy.
"President Trump is spot on about needing all forms of energy to meet our current challenges and America’s new golden age will only be possible if we make the president’s energy platform from ...
The economic policy of the first Trump administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act ("Obamacare"), trade protectionism, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.
For additional context and explanation, see Morgan Housel's article on "The Best Presidents for the Economy." To get ready for the post-election market, check out our free report: " These Could ...