This is probably the best stat to measure what has happened to people during a presidency. Pre the pandemic Trump was at an average 2.8% a year personal income growth.
Clinton, next best and benefitting hugely from the dot com bubble and the Bush recession as his base, managed 2.3% a year. Reagan was exemplary at 1.7% despite or perhaps partially because of the need to rebuild the military.
Poor Obama starting at the low point of the Financial Crisis should have been the winner, but managed a paltry 0.4%. Why? Well I can only remember him uttering one economic thought. No doubt fed by the bankers on his staff who were worried about plummeting share prices, he very unconvincingly said he thought stocks were a good buy.
But beyond that economics was a bridge too far and he left things to establishment characters like Janet Yellen, who believe the moment employment rises you have to choke it off in fear of inflation. When Powell tried that on Trump’s watch he was quickly schooled by the Donald who said the economy needed further help not disc breaks. And he was dead right.
So what next? Well Biden who is also an economic dunce will be listening to Janet Yellen, who will no doubt be breaking out her 1960s text books by Samuelson and Friedman.
Inevitably the results will be bad....raising taxes on corporations and increasing regulation always hurts. But they will do it anyway and then blame it on Trump. I feel particularly sorry for minorities whose venal leaders in Washington and in the pulpits have again saddled their constituencies with a dead beat government that only cares about them during elections