05-19-2024, 07:50 AM
(05-19-2024, 01:31 AM)Mike M (the other one) Wrote: It says in the opening sentence of the link that SM is not the best indicator of the Economy.
But Trump and Biden have the same relative economy.
Biggest difference between them is inflation.
If you use GDP (which also has its flaws):
Trump 2.3%
Bident 2.2%
There is no one measure you can use for the economy to get the whole picture. Things like GDP are too high level and the markets are just a giant casino for bankers. Of course, since presidents don't control the economy we shouldn't even be using that as a way to measure their performance in the first place. Even the levers they try to use to influence it in response to trends are not hugely impactful, especially since the most effective ones require congressional action. But, voting in a presidential race on the economy is much more about feelings over facts, so it doesn't much matter.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
