Trump's economy is on fire, but Democrats aren't so hot (and that's why he'll win in 2020)

Fox News ^ | July 28, 2019 | Dan Backer

[2ndDivisionVet]

The U.S. economy is roaring. More voters rate the economy positively today than have since 2001.

According to spending data from June, Americans spent more at restaurants and retail locations than expected, while U.S. manufacturing output continues to rise.

As Federal Reserve Vice Chair Richard Clarida recently put it, "The U.S. economy is in a good, good place. We have a solid growth rate. We have a strong labor market. Inflation is stable."

He’s right. Economic growth has been north of 3 percent during much of Trump’s presidency.

Employers are creating jobs, employees are happy with raises, bonuses, and newfound job security, and a wave of consumer confidence has swept through the U.S. economy since the 2016 election. Homeownership is on the rise, as many Americans under 35 buy into real estate for the first time.

[TaxPayer2000]

It’s the economy, stupid!

[be-baw]

“He’s right. Economic growth has been north of 3 percent during much of Trump’s presidency.”

I’m not so sure about that. Earlier today I read an article in Conservative Review that said adjusted numbers for the last year had GDP around 2.1% for the year. Not sure which is true. Withholding judgment until I hear more.

There’s no doubt that Trump has already worked wonders with the US economy. No one argues that African American and Hispanic unemployment numbers are historically low, with women unemployment being nearly historically low. There’s no doubt that wages are going up.

[DoodleBob]

Let's look at the data:

The statistical reality is that in modern times, if a recession occurs during or pretty close to a Presidential election year, the standing President OR the Party holding the Presidency always loses that election:

August 1929-March 1933: FDR comes to power
January 1980-July 1980: Reagan is elected
July 1990-March 1991: Clinton is elected (yea, yea, I know....the recession was technically over by election day but if memory serves me correctly, the NBER didn't call the end recession until AFTER the election; indeed, they announced that we were IN a recession around March 1991)
December 2007-June 2009: Obama is elected

In contrast, if the economy is doing well, standing Presidents always win re-election.

Truman won in 1948 (note that recession started during the month of the election, and Truman almost lost)
Ike was re-elected in 1956
Nixon was re-elected in 1972
Reagan was re-elected in 1984
Clinton was re-elected in 1996
Obama was re-elected in 2012 (yes...I know...the economy wasn't all that great...but it wasn't in a technical recession)

The reality is that "It's the economy, stupid!" is a pretty solid political truth. And, judging by how Trump is flying now, and notwithstanding a flurry of other things that could throw things into a ditch, wishing for a recession is about the best thing statists can do to hope Trump loses in 2020.

[Fiddlstix]

[Amendment10]

In addition to a very predictable PDJT win in 2020, patriots still need to elect a new patriot Congress that will promise to support PDJT’s vision for MAGA, now KAG.