Question

Presidents get more blame and take more credit for the state of the economy than they deserve. Nevertheless, presidential terms make convenient reference points for thinking about history. Calculate and display in a table the average annual rates of real GDP growth and inflation (using the GDP implicit price deflator) for each presidential term starting with Clinton in 1993.   Make another table listing the presidents from highest to lowest GDP growth and lowest to highest inflation (best to worst in each case). On the basis of these two tables, which president do you regard as most successful (or as the luckiest) economically? Explain your own balancing of real GDP and inflation as factors in your assessment.

Presidents of the United States

William Clinton            1993-2001

George W. Bush            2001-2009

Barack Obama              2009-2016

Donald Trump              2016-2019

Federal Reserve Chairs in the United States

Paul Volcker                 1979-1987

Alan Greenspan            1987-2006

Ben Bernanke               2006-2014

Janet Yellen                 2014- 2016

Jerome Powell             2016- present

Answer 1

William Clinton	1993-2001	3.9%
George W. Bush	2001-2009	2.1%
Barack Obama	2009-2016	1.5%
Donald Trump	2016-2019	2.6-2.8% Current figures

William Clinton	1993-2001	3.9%
Donald Trump	2001-2009	2.6-2.8% Current figures
George W. Bush	2009-2016	2.1%
Barack Obama	2016-2019	1.5%

The Above table 1 shows the average annual rats of Real GDP during the Presidents Willian Clinton, George W. Bush, Barack Obama and in now during the current President Donald Trump. The Table 2 shows the order of the decreasing GDP growth rate in the descending order of the rates. From these tables we can see that United States has seen a variable growth rate during various latest Presidents. The growth rates have not shown any particular trend and have not been constant. This shows that the real GDP rates of a country are not merely dependent on the current and prevailing economic factors inside and outside the country, but also a lot dependent on the current Government and its economic policies. The Government which is more dedicated to the overall economic development and prosperity of the Nation would formulate economic policies in line with the development of the country. From the above tables, we can conclude that President Clinton has been a clear winner among the GDP rate competition. The real GDP growth rate achieved during his tenure was extravagant in comparison to that of the Presidents who have followed him. We however have seen a good trend of increasing real GDP growth rate lately during the current President Donald Trump due to some of his economic measures. If this growth rates remains stagnant or goes up, then the tenure of President Donald Trump will also show good real GDP.