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Biden Poised to Be Recession-Free in First Term
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- Tiny Tech News
President Biden is likely to finish his first term without a recession. While most presidents experience at least one recession during their time in office, the economy has continued to grow since the short COVID-related recession in 2020. Although recessions can hurt a president`s chances of reelection, timing is crucial, as demonstrated by the experiences of Presidents Trump, Obama, Bush, Clinton, and Reagan. The author emphasizes that presidents often receive undue credit or blame for the economy, as their control over it is limited.
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