Quote:
Originally Posted by Lanny_McDonald
It takes about two years for policy changes to take effect and be felt through the economy. The impact of Trump's policies (tariffs and tax cuts for the rich) were felt at the tail end of his term and the start of Biden's. Trump put everything on the credit card. Hence the inflation and huge spikes in costs of everything. Biden made changes to policy which we are now feeling and seeing the economy respond well with inflation dropping and jobs increasing.
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I think I read it's about 18 months for anything to make any impact. So, it was probably a bit more, markets going down the toilet, I know he likes to brag about that.