Dow jones on election day 28 323. Dow Jones today 33 503. Largest increase ever on such a time frame. Shatters previous all time high of previous admin (29 102) Unemployment on election day 6.7% today 6.0% Covid cases day on election day 135 931 today 75 183. Undeniably fabulous numbers.
Why is that? Right wingers want good numbers. They just don't think any of that had anything to do with the election results.
I don't think that the Dow Jones or unemployment had to do with election results. I do believe that Covid has been handled much better under the Biden administration, though. It would be reasonable to assume that the number of infected would decrease even if Trump were President. But I do think we would be seeing something like the rollout in the EU which has been, to say the least, very inadequate. And Trump pointing a finger at them and saying "See? They're doing just as bad as we are!" Which was his excuse all of last year. On the other hand, I do absolutely understand the OP author's point. Trump and his supporters spent 4 years claiming credit for the stock market performance and unemployment numbers, despite the fact that Trump's actions had no positive long-term impact whatsoever on either of those.
Presidents can hurt the economy but they really can't fix a broken one. The only fix for the economy is the economy itself. Presidents have nothing to do with stock market performance. All Trump did was lessen the trepidation businesses had to invest. They had been through years of an anti-business president. A tax cut, some regulations gone and off to the races it went. The economy was basically fine. It was fettered by a bad mood in business. Trump didn't fix a broken economy. He just provided a pro-business attitude to a good economy that was lagging emotionally. Trump did an amazing job with the virus because he reduced the impediments to quick vaccine approval. I don't think it was his idea but it was his action. Biden has enjoyed increased production and you can thank the pharma companies for that. In short, that something occurs during an administration doesn't mean it occurs because of the administration. In fact it doesn't all that often. Life doesn't actually change that much from administration to administration. I was born during the Roosevelt administration so I've been through a lot of them.
For the most part, I agree with that. The only way a President can fix a broken economy is with a lot of help from both parties in Congress. But I have always thought that the Federal Reserve Chairman has way more influence on how the economy behaves than the President. So far, I'm glad it's that way. Only because we haven't had a bad fed chair lately. I think they have done a pretty good job. Including the current one. That's not much of an achievement. I don't think there is a person alive who wouldn't do the same if they were in a position to make the decision. And that's what I mean. It's the only thing that Trump followers claim is an achievement during the Covid crisis. It's like when right-wingers list "appointing justices to the Supreme Court" as a "Trump achievement". Biden's greatest contribution was to remove all of the impediments to having science dictate how to manage the crisis. Also not a "great" accomplishment (another no-brainer for anybody who is not a Trump loyalist). But it was a huge step forward. I wish I had seen you say that during the Trump administration ... Like those of us on the left did.
I probably said all these things in the past few years, perhaps not in your threads. Nothing has changed with me. I no longer have to defend Trump on a daily basis so I don't. I never liked him. I felt compelled to defend him because the level and amount of attacks on him was so high. I don't think that much flak for a president is good for the country.
Interesting. When people tried to credit our previous president, others were quick to say he inherited a growing economy. Government is never responsible for growth, only the degree in which growth is hindered. Covid cases would have declined either way as more people are getting their Trump-juice injections.
