This question will draw most of the financial markets’ attention once Donald Trump is sworn in as the 45th POTUS on January 20, 2017. The divide that has grown for years within the US population particularly marked by a widening gap between the rich and poor also exists in economic analysis.
On the one hand, incumbent President Barack Obama asserts the US economy has become healthier than ever – or at least it fully recovered from the 2008 global financial crisis – while on the other hand impending President Donald Trump keeps repeating he wants to rebuild America whose economy, he said, has suffered from too much regulation, taxes and unfair trade policies.
From Obama’s viewpoint, the US economy has rarely been so stable whereas from Trump’s, the US economy has extensively weakened. The US unemployment rate declined to a decades-low of 4.6% in November 2016, yet such an impressively low rate doesn’t feel great since 14 million more people have left the labor force during Obama’s mandates, setting the lowest labor force participation rate since the 1970s according to the Trump campaign.
If it remains difficult to determine whether Obama has created the conditions for the accelerating positive trend in recent weeks, data collected by Cyceon showed that Trump’s win – and economic promises – has fueled much optimism within the US population that’s been unseen for a long time. 2017 will tell what – Obama’s policy or Trump’s election – was been behind such good times.