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Blinder and Watson estimated the average Democratic real GDP growth rate at 4.3%, vs. 2.5% for Republicans, from President Truman's elected term through President Obama's first term, which ended January 2013. [ 1] This pattern of faster GDP growth under Democratic presidents continued after Blinder and Watson published their study; GDP grew ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after the country's formation in 1776. The United States has continuously experienced fluctuating public debt, except for about a year during 1835–1836.
United States real quarterly GDP (annualized) U.S. cumulative real (inflation-adjusted) GDP growth by US president (from Reagan to Obama) [138] Private sector workers earnings compared to GDP Private sector workers made ~$2 trillion or about 29.6% of all money earned in Q3 2023 (before taxes)
Jimmy Carter 's retirement, currently 43 years, is the longest in American presidential history. Additionally, at age 99, Carter is the oldest of the six living U.S. presidents [ 2] as well as the nation's longest-lived president. [ 8] Barack Obama, at age 63, is the youngest living former president.
Since the office was established in 1789, 45 men have served in 46 presidencies. The first president, George Washington, won a unanimous vote of the Electoral College. [ 4] Grover Cleveland served two non-consecutive terms and is therefore counted as the 22nd and 24th president of the United States, giving rise to the discrepancy between the ...
NAFTA GDP – 2012: IMF – World Economic Outlook Databases (October 2013) The North American Free Trade Agreement (NAFTA / ˈ n æ f t ə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America.
Each year, the President of the United States submits a budget request to Congress for the following fiscal year as required by the Budget and Accounting Act of 1921. Current law ( 31 U.S.C. § 1105 (a)) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February.