Trump beats Obama! Congrats, huh?
I take it the Obama gang is no longer claiming credit for the economy?
I take it the Trump gang is no longer claiming credit for the stock market.
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Two arguments can be made:
One, that this shows the foolhardiness of taking the position “I know this President is so bad in so many areas and is making life worse for so many Americans but I support him because Economy.” When not actively enacting policies to pull the country out of recession (or enacting policies that hurt, like, say, starting a trade war) a President’s ability to control economic conditions is limited by externalities.
Or, you could also argue that had the US had a competent leader in place able to direct a competent response to this epidemic, then we would not be looking at a possibility of it spreading out of control here and the economic blow-back would be far smaller.
Either way, as I said this morning, supporting Trump because of some belief that he was good for the economy was stupid as shit.