On day one, a newly inaugurated President Joe Biden will have to manage a devastated economy — much as he and former President Barack Obama did 12 years ago.Forecasting how the economy will perform under a new president is generally a fool’s errand.
And that doesn’t yet include the impact of what some officials — including Biden — have dubbed a “dark winter,” as severe coronavirus outbreaks in many regions of the U.S. have prompted new economic restrictions.Democrats have a better economic track record In trying to get a sense of what kind of impact the election result will have on the economy, the past is a useful guide.
What’s more, the recession that began in 1980 under President Jimmy Carter was the only one during the period I studied that began while a Democrat was in office. I found that the U.S. economy expanded 93% of the time there was a Democratic trifecta, or for 178 out of 192 months since 1953. Unemployment and inflation, on the other hand, was a little above average, at 6.05% and 3.89%, respectively.
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He has strengthened the USD by so much. Plenty of work as you said but I believe in Biden in this one. Telling them wife last night that I missed Obama and that Biden makes it feel like Obama again. ❤️
Lies. Just the opposite is true.
Believe sheeple believe