Comment on When was the last time a Republican Oresident left office with a good economy?

db2@lemmy.world ⁨1⁩ ⁨week⁩ ago

• EABOD25@lemm.ee ⁨1⁩ ⁨week⁩ ago

  Nixon actual had the highest GDP growth with 3.5%. Second was Reagan at 3.48%

  source

  • db2@lemmy.world ⁨1⁩ ⁨week⁩ ago

    From what I’ve seen republicans tend to ride the coattails of the person before them and last claim to what their predecessor accomplished. I don’t know enough about that time period to say if that was the case then but it seems likely.

    source

    • MrFappy@lemmy.world ⁨1⁩ ⁨week⁩ ago

      I’m happy to know that I’m not the only one who notices this. Democrats lay out a beautiful table with a wonderful meal for all, repubs come in and say “wow, look what I made!” And then proceed to have a food fight, after which a dem has to come in and clean it up. The one that I’m curious about is Carter leading into the 80s. Did he do things to set the economy up proper, or was it the result of a rubber band effect from the global economy being overall shit at the time.

      source

      • BadmanDan@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Carter became president during the absolute height of stagflation & the Iranian Revolution and only had 4 years to fix it.

        HE WAS FUCKED, no matter what. Unbelievably unlucky president.

        source
    • EABOD25@lemm.ee ⁨1⁩ ⁨week⁩ ago

      Trump’s 1st term was pretty much Reagan 2.0. If he’s going to stay with that theme, this term will be Bush (Sr.) 2.0

      source

      • Anticorp@lemmy.world ⁨1⁩ ⁨week⁩ ago

        He’s aiming more for Hitler 2.0.

        source
    • Jesusaurus@lemmy.world ⁨1⁩ ⁨week⁩ ago

      That’s just the way a lot of economic policy works. A policy’s effects are not be instantaneous, but may take months or years before they are noticable depending on what they are. This lag often results in the next presidency experiencing the economic policies that were implemented by the previous presidency(s).

      source