Trump taking credit for US Energy independence is like the guy who ran the last leg of the relay takes credit despite being way ahead when he took the baton.
And Biden wants to start today for a long term plan to to move us off a finite resource.
I know some people have a hard time understanding the concept of “Planning ahead” vs “Reaction”
It shows in the policies.
It’s only beginning wait to the mortgage forbearance and the renter protections wear off. The economy is in the toilet because of Sum Ting Wong in China, globalism rocks
The economic happenings in the country and the world along with Central Banks and the Fed are what drives the economy and the Stock Market. The only thing a President can do is to sign legislation that hopefully has an overall positive impact on that. One would be hard pressed to PROVE that had such and such president had no been there the economy would have performed much differently.
The WORLD is moving away from oil. We can either lead the charge and sell the technology to them like Detroit car companies in the 1920s we came be scrambling to catch up like Detroit car companies in the 1980s.
I hear you. But after a while -a pattern emerges.
EITHER - when it comes to the stock market
1- Dem presidents re the luckiest people ever.
2- Republican Presidents are the most unlucky people ever
3- Dem policies and leadership help push the economy better.
Personally -The MAIN job of the President is to set the agenda and be the “head” communicator of the American Public. Dem Presidents just seem to do a better job of that and it leads to confidence which leads to a growing economy.
Reasonable people can disagree on how much of a impact the President has or about what i said. But the facts at this point are really indisputable.
for the last 50 years the economy performs better overall under Dem Presidents.
Add in that the market is reacting to the reality that there is likely not going to be another stimulus until a new president and congress is seated. Also, Covid is spreading faster than rabbits can multiply, and it’s painfully obvious why the stock market is shrinking