The Economy and the Election

By George L. Perry – In the postwar period, incumbent presidents have run for reelection 10 times, winning 7 and losing 3. The winners all had strong job markets going for them.

How does today’s election year economy compare with these 10 earlier ones involving incumbents? There is no inflation on the horizon. But the excesses that led to the Great Recession also held back the expansion that followed. The overbuilding during the housing boom was so great that the typical cyclical recovery in housing could not take hold.

But over the past several months, the drag from some of these sources has eased and the expansion is now quickening on several fronts. more>

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