Shiheon Lee
St Johnsbury Academy Jeju
Abstract
The COVID-19 pandemic dramatically impacted the whole world. Even as the world’s largest economy, the U.S. could not escape the pandemic’s far-reaching effects. Now, as the pandemic is behind us, the American economy faces new challenges. While recovery continues, significant financial hardships remain, and Donald Trump’s reelection could shape economic policy for years to come. Presidential leadership and policies directly influence economic outcomes and both political parties, the Republican and the Democratic party, advocate for very different leadership and policies. Currently, the American economy faces various challenges. After presenting the two main political parties that have shaped America’s political history during the last decades, this essay will analyze three crucial points: inflation, diplomacy and trade, and how each party try to solve these issues
