How did the 2012 election affect the economy?
The biggest contributor was the 2012 presidential election. It was a very close race between two candidates with radically different approaches to stimulating economic growth. The race itself slowed growth, as businesses waited to see what direction the country would take. The second-largest contributor was from the ever-pending fiscal cliff.
How much did the economy grow in 2012?
Economic growth, as measured by gross domestic product, grew 3.2 percent in the first quarter of 2012. It then dropped slightly to 1.7 percent in the second quarter. It was a tepid 0.5 percent in each of the third and fourth quarters.
What were the effects of the recession of 2012?
This allowed people to take on auto, furniture, and education loans. Economic growth, as measured by gross domestic product, grew 3.2% in the first quarter of 2012. It then dropped slightly to 1.7% in the second quarter.
What happened to the 2012 economic spark?
In 2012, business leaders waited for the outcome of one uncertainty after another. As a result, it seemed the economic spark never got enough oxygen to really burst into flame, even though the fuel was there.
Will the S&P 500 return on partisanship in 2020?
Since 1933, the highest returning partisan control combination for the S&P 500 has been a Democratic Senate, Republican House, and Democratic President where returns averaged 13.6% per year. (In 2020, this would require a reversal for all three)
How has the stock market performed under each president?
Here are several charts to illustrate the stock market performance by president. Under both Democratic and Republican presidents, the stock market has generally performed well with an upward trajectory over the long-term.