In the last two presidential election's, one of the biggest issues that were debated and voted on was economic growth versus Obama's policies. Both candidates were vying to show who is more able to handle America's economic problems. While some voters may have chosen Obama based on his campaign promises, it does not mean that economic growth will always win. So how will voters react when the economic issues are presented?
Most likely, the two presidential hopefuls will continue to talk about their economic policies. However, voters might soon decide that Obama's growth was better than what they thought. If both parties can reach an agreement on the future of the economy, then perhaps a tighter vote will be expected.
During this time of campaigning, no one has been asked to promise the moon. They also have not been asked to promise absolute term limits for both President Bush and Obama. These are simply statements made by the candidates. In the end, only the voters can judge who is more honest and reliable. It would be interesting to see where both Obama and Bush will land in the end. Will economic growth trump or ties the two party Presidential hopefuls together?
The real question is; will economic policies vs economic growth trump? The answer is not a simple yes-no decision. There are many factors that will determine this. Two of those factors are the performance of the American economy during the Bush administration and the performance of the American economy during the first year of Obama's term. Even though both of these Presidents handled economic policy differently, the impact on the economy was very different.
On the flip side, economic growth trumped the Bush administration when Obama took office. The reason that this happened is because of the stock market crash during the first year of the Bush administration. Because the investors were so fearful that Bush's economic policies might cause another stock market crash, they began dumping their shares and financial investments and pulling out of the stock market. As the prices of the stocks began to fall, the economy began to boom as more people began buying up stocks again. Once the investors saw that the economy was growing again, they dumped their shares and pulled out again, flooding the market with new shares and new businesses.
It appears that economic policies are trumping the Bush's economic policies no matter which one is put into place. However, it will be interesting to see if either one of the economic policies of the two main party Presidential hopefuls can survive their initial challenges in office. The most likely scenario, which should be obvious to all, is that one of these two parties will be voted out of office after the first term is complete. Then the job of choosing the new President will become extremely important. Whoever is chosen will be responsible for determining the health of the American economy.
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