Presidential elections – good or bad for the economy of California? – The Mercury News
The article evaluates the impact of U.S. presidential elections on California’s economy since 1980 by analyzing eight economic indicators. The author finds that the U.S. economy, measured by GDP growth, improved in six out of 11 election years. The Federal Reserve‘s key rate has risen in seven of the 11 election years. The U.S. inflation rate rose in eight of the 11 election years. Employment growth improved in six of the 11 election years. Per capita income in California has increased in seven of the 11 election years. California’s home inflation rate rose in six out of 11 election years. The 30-year mortgage rate fell in six of 11 election years. Stock gains improved in only four of 11 election years. The article suggests that while economic growth often improves during election years, this is not a guarantee of economic efficiency.
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