This is the Presidential track record for how the domestic economy fared at the end of each past administration during the lifetime of most Millenials, and how it’s faring now:
- Bush Sr.: Bad
- Clinton: Good
- Bush Jr.: Bad
- Obama: Good
- Trump: Bad
Bush Sr. had the last “normal” recession, and one of the reasons for it should have earned him praise. Bush cut defense spending after the first Gulf War.
Before the arrival of the coronavirus I expected Trump would be reelected, because it’s the economy stupid. When the pandemic hit home, the Fed and Treasury acted quickly to prop up Wall Street, but eventually economic reality will pull it down, unless the pandemic is put under control. We will have a much better chance of that happening with Biden and Harris in office.