[Mick]

I think there was a reason that James Carville admonished Bill Clinton's staff that "It's the economy, stupid."  They turned out GHWB as president after one term because the economy was tanking.  Bill Clinton never forgot that advice, and it's Trump's only advantage, or was until COVID came around.

And to be candid, Presidents do affect the markets -- stock market, labor market, other markets -- with their macroeconomic policies, pronouncements, executive orders, as advocates and by whom they emplace in governmental positions.  They're not divorced from the process, not by a long shot.

[Mick]

I think there was a reason that James Carville admonished Bill Clinton's staff that "It's the economy, stupid."  They turned out GHWB as president after one term because the economy was tanking.  Bill Clinton never forgot that advice, and it's Trump's only advantage, or was until COVID came around.

And to be candid, Presidents do affect the markets -- stock market, labor market, other markets -- with their macroeconomic policies, pronouncements, executive orders, as advocates and by whom they emplace in governmental positions.  They're not divorced from the process, not by a long shot.