Inflation rose at its highest rate in 40 years in the third quarter.
Economic growth did not come close to predictions
If Biden gets his $3.5 Trillion Welfare State then the dems will be kicked out in 2022.
So there is a glimmer of hope our country can be saved from Socialiam.
Under [the] Reagan-to-Trump timeline, the Republican presidencies had four recessions start in their terms: one each under Reagan and George H. W. Bush, and two under George W. Bush. By contrast, Democrats Bill Clinton and Barack Obama had zero.
With the economic downturn created by the coronavirus pandemic, a recession is likely to be declared after the latest GDP data is released, sometime in July. We may be in one now, but it has not been deemed official.
Sam Stovall, chief investment strategist for independent investment research firm CFRA, goes further. Digging through the historical record, he tells USA TODAY that every Republican president since Chester A. Arthur (1881-85) had a recession during his administration.Regarding the claim of strong economic performance by Democratic presidents since Reagan: The Clinton administration posted 7.5% GDP growth in the second quarter of 2000 and averaged 3.7% over eight years, according to data from the St. Louis Federal Reserve.
Of the post-World War II presidents, only Truman, at 4.8%, Kennedy at 5.2% and Johnson at 5.1% scored higher average growth rates. By contrast, Reagan averaged 3.5%, Carter 3.3%, Nixon 3.1%, Bush I and Ford 2.2% and Bush II 1.65%, according to The Washington Post.
The Obama administration posted a modest 2% growth over eight years, after inheriting the worst economic downturn since the Great Depression from the George W. Bush years, with the U.S. losing nearly 800,000 jobs a month.
During Obama's two terms, the economy added jobs for 75 straight months and ended with the highest level of household income ever recorded, according to Factcheck.org.
If you think the GOP will save the USA, you are ignoring history. And remember, Trump inherited the recovery that Obama, had set into place, only to fuck it up again with his dismal response to Covid-19.
Bye, Red.