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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.
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 ...
Richard Nixon (1969-1974) GDP growth: 2.0% Unemployment rate: 5.5% Inflation rate: 10.9% Poverty rate: 12.00% Real disposable income per capita: $19,621 Disposable income per capita (adjusted for ...
U.S. real GDP growth for full year 2012–2019. Growth averaged 2.4% in Obama's last 3 years versus 2.7% in Trump's first 3 years. [268] U.S. real GDP quarterly growth from 2014 to 2019. [269] U.S. real GDP growth under Trump was substantially below that achieved by other presidents. [270]
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)
Three vice presidents have briefly acted as president under the 25th Amendment: George H. W. Bush on July 13, 1985; Dick Cheney on June 29, 2002, and on July 21, 2007; and Kamala Harris on November 19, 2021. The persons who have served as vice president were born in or primarily affiliated with 27 states plus the District of Columbia.
Barack Obama 's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democrat from Illinois, took office following his victory over Republican nominee John McCain in the 2008 presidential election. Four years later, in the 2012 presidential election, he ...