Reelection not guaranteed for Trump despite booming economy

Reelection not guaranteed for Trump despite booming economy

The investors who are banking on the return of Donald Trump to the White house only because the economy has been solid must not take it for granted as per an analysis conducted from Morgan Stanley.

The public policy strategist at Morgan Stanley, Michael Zezas has said that the incumbent presidents who have the economies running well are usually reelected as per his acknowledgment on Tuesday.

Zezas has however argued that the sample size of only 45 presidents is small and it is possible that this is a complete coincidence as he said this in the context of reelection and the economy being good.

In history, the presidents who had been running for the reelection when the economy had seen a boom like Bill Clinton, George Bush, Ronald Reagan and Barack Obama were able to maintain their job. However, the presidents like Gerald Ford, Jimmy Carter and Herbert Hoover had lost the bids for reelection amid the economic struggles of United States.

The economy had been on fire in the year 2018 has lately been cooling off as the pressures of the China and US trade war are being felt desperately.

But apart form the tariffs which are now awaiting a deal being signed, the consumers in America have been generally weathering the storm. The 3.5% rate of unemployment in the nation in the month of November has been matching the lows of the last 50 years.

The Fed which has faced constant criticism from Trump has intervened successfully to save the economy from the slowdown which has been happening all across the globe.

Zezas though has said that all of those presidents and economies had net rating of approval being positive. Trump fails on that account.

 

Mark Hansley

About Mark Hansley

Mark Hansley with a Master’s Degree in Economics and a total experience of 7 years in the writing world, he has been among the most dedicated and lively person of the portal’s team. Also, Mark takes the entire accountability of the Business domain of this portal. He has been a part of this portal for 5 years now. Mark also trains new joiners. He writes his opinion and thoughts via news reports and blogs that entails interviews of prominent industry personalities, deals & agreements, new developments, stock markets, financial affairs, start-ups, mergers & acquisitions, cryptocurrency, digital economy, and much more.

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