Originally Posted by
Dan Druff
Let's go back 40 years.
Carter: Inherited mediocre economy, with growing inflation problem. Only got worse while Carter was in office, and he was ineffective at stopping it. Stagflation hit by 1980, guaranteeing Carter's defeat.
DEMO SCREWED UP. Didn't Fix Economy.
Reagan: Came in during very poor economic conditions, and there was a mini recession for the first 2 years of his Presidency. However, the following years saw spectacular growth, and the inflation problem vanished. Got reelected in a gigantic landslide.
REPUB CAUSED HUGE MARKET RUN UP and got reelected in a landslide. I know you didn't say that exactly, but you implied that is why he got reelected in a landslide.
George HW Bush: Came in with a good economy. First two years in office went well. Recession started in early '91, more of a natural result of economic cycles than anything else. Did not take action quickly enough, but was also thwarted by a Democratic Congress whenever he tried to do anything to stop it. Defeated after 1 term like Carter.
REPUB NOT HIS FAULT recession.
Clinton: Took office as recession was taking place, and while things slightly improved in first term, he was so unpopular in 1994 that Republicans clobbered Dems in the midterms in shocking fashion. In second term, luckboxed into dot-com boom, which translated into huge growth which he really had nothing to do with.
DEMO GOT LUCKY.
George W Bush: Took office in 2001, right as dot-com bubble burst. Had to deal with fallout of 9/11 after just 8 months in office. Made various mistakes (in second term especially), but ran super bad as far as tough problems to deal with. Housing/banking crisis hit in 2008, which was both parties' fault, but he got all the blame.
REPUB SUPER UNLUCKY? -- hit with so many problems.
Obama: Took office just as country was starting recovery from housing/banking crisis. Natural growth occurred during most of his time as President, but again, not because of anything he had done.
DEMO GOT LUCKY. As President you want come in on the brink of a depression because the only way it can go is up. Obama was so LUCKY to handed a massive recession.