Biden's Economy Has The Best Growth Record Since Clinton
August 31, 2022
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Also, economic growth during a president’s time in office is a flawed measure of economic impact. There’s the already-discussed role of luck, the built-in limitations of GDP and similar measures in reflecting how economic rewards are shared and whether they’re sustainable, and the simple fact that policy choices under one president can affect growth well after that president leaves the White House. I can’t adjust for all of those things, but I can at least use several different ways of measuring growth to make clear that no single number is right. Contrasting GDP with the average of GDP and GDI is one approach. Another is to time-shift, starting measurement from the quarter before a president takes office or the quarter after.