The 12 month lag is GENERALLY true, barring an emergency such as Obama’s first term and Biden’s term.
In general, the economic policy in any president’s first year is attributable to whoever their predecessor was because budgeting is done a year in advance.
The 12 month lag is GENERALLY true, barring an emergency such as Obama’s first term and Biden’s term.
In general, the economic policy in any president’s first year is attributable to whoever their predecessor was because budgeting is done a year in advance.