May 20, 2024

The election presents the voters with an opportunity to either stay the course and re-elect President Biden or change the economic path of the US economy and elect former President Trump. What can we expect of these candidates? What will be better for the economy, Bidenomics or MAGAnomics. To start with, both are well known, and so are the policies they propose. Therefore, looking back at their term in the White House is a good starting point in surmising what to expect should they get to the White House for a second term. The information presented here ranks our proxies for the regulatory burden on the economy, the average number of pages in the Federal Register during the last seven administrations . We also report the ranking of our proxies for economic well-being, the 60/40 portfolio and the misery index. Notice that the 60/40 portfolio ranks next to last while the change in the misery index ranks at the bottom. Furthermore, if one is willing to accept time precedence as evidence of a causal relationship, the conclusion is obvious. The regulatory burden has had a negative impact on the overall economic performance of the economy. Not a ringing endorsement of Bidenomics.

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