16 Jul 2020
2020 US Presidential Election
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
In 2016 they said that it was the race that he would not win and yet Donald Trump was elected the 45th President of the United States of America.
Our professional expectation was that Donald Trump would win a second term in 2020 however that was before COVID-19 and the global recession.
History paints a difficult picture for a sitting President during a recession.
In fact only one United State President, Calvin Coolidge (pictured above) in the last 100 years has survived to be re-elected for a second term during a recession and that was back in 1924.
Donald Trump brings a great deal of chaos and disorder to the Office of the President of the United States and it would be better if he goes sooner rather than later.
Click for chart.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
