Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.According to The New York Times, the next few years are looking bright for the U.S. economy. Inflation is returning to normal levels and the Federal Reserve is preparing to cut interest rates. The Biden administration’s infrastructure spending plan is also expected to kick into high gear, with numerous projects set to break ground in the coming years.

While there are always risks and uncertainties that could derail this positive outlook, the overall forecast is optimistic. The question now is who will get to take credit for this economic upswing.

One thing is clear: it won’t be the person who implemented some of the policies that are contributing to this positive trend. President Biden recently announced that he will not be seeking re-election, passing the Democratic baton to Vice President Kamala Harris.

Although the White House plays a relatively minor role in controlling inflation and interest rates, the policies passed during Biden’s tenure are fueling investments in green energy, manufacturing, and infrastructure. This momentum is expected to continue in the next few years, with projects such as dam and lock expansions, airport upgrades, and semiconductor production.

This serves as a reminder that significant public investments take time to come to fruition, often spanning multiple political cycles. It also presents an opportunity for the next president to take credit for the positive outcomes of these policies.

Former President Donald J. Trump, who had a hand in shaping the Republican platform, is already touting an optimistic future on the campaign trail. The platform promises to “destroy inflation” and lower interest rates, while also focusing on infrastructure and manufacturing. If economists’ projections hold true, these promises should be achievable.

In conclusion, the U.S. economy is on a positive trajectory for the next few years, and it remains to be seen who will ultimately take credit for this success. 

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