Yes, in the U.S., unemployment is down considerably as well as incomes rising since Trump was booted with 34% approval, Mr Shitbird.
Global inflation has been a serious problem in recent years, but Trump appointee Powell is dealing with it in the U.S.
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How much influence does the President have on the economy and the rate of inflation?
In short, very little. The bulk of economic performance and the inflation rate is determined by factors outside the President’s control in particular – market forces, private business, productivity growth, the state of the global economy, and policies of the Federal Reserve (who set interest rates). This is not to say the President has no influence over the economy. At certain times, the President can give have significant influence, primarily through the use of fiscal policy, such as a large tax cut or higher public spending. In 1932, Roosevelt’s New Deal and more optimistic outlook played a role in helping the US economy to recover from recession. Hoover’s paralysis from 1929-32 where he seemed unwilling to step in and help the economy, undeniably played a major role in worsening the Great Depression and leading to a long period of deflation.
The best guide to US elections is the state of the economy. If the economy is doing badly with high unemployment and/or higher inflation. The party of the sitting US president tends to get punished by the voters. But, how much influence does the President have on the economy and…
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