So this is kinda neat. Because, well, rule one is the economic policies of the current president lag in actual economic change, up or down. That is assuming that the president has any1 real sway on the economy in the first place. Consensus on how much, if at all, is up to discussion. We could write literal books on it.
So just to be fair, if we take these numbers and give them a 12 month lag, how does it compare? At 8, 16, or 24 months?
Im really not trying to be a troll or upset anyone’s preconceptions. These are genuine questions based on my honest understanding of economics and the effects of government policies. Im curious.
The 12 month lag is GENERALLY true, barring an emergency such as Obama’s first term and Biden’s term.
In general, the economic policy in any president’s first year is attributable to whoever their predecessor was because budgeting is done a year in advance.
So this is kinda neat. Because, well, rule one is the economic policies of the current president lag in actual economic change, up or down. That is assuming that the president has any1 real sway on the economy in the first place. Consensus on how much, if at all, is up to discussion. We could write literal books on it.
So just to be fair, if we take these numbers and give them a 12 month lag, how does it compare? At 8, 16, or 24 months?
Im really not trying to be a troll or upset anyone’s preconceptions. These are genuine questions based on my honest understanding of economics and the effects of government policies. Im curious.
The 12 month lag is GENERALLY true, barring an emergency such as Obama’s first term and Biden’s term.
In general, the economic policy in any president’s first year is attributable to whoever their predecessor was because budgeting is done a year in advance.