Despite skepticism about future economic prospects that shadowed his re-election campaign, we believe the stage is set for an upcoming U.S. economic boom driven by cash-rich companies including top ranked Berkshire Hathaway, Apple, Inc., Microsoft , Cisco and Google (GOOG).
Second term GDP growth effect
Since the end of World War II, there have been six U.S. presidents who have served two consecutive terms: Harry Truman - Democrat (1945 - 1953), Dwight Eisenhower - Republican (1953 - 1961), Ronald Reagan - Republican (1981 - 1989), Bill Clinton - Democrat (1993 - 2001), George W. Bush - Republican (2001 - 2009) and Barack Obama - Democrat (2009 - 2017).
Prior to Obama, the U.S. real GDP growth rate during the second term of such presidents outperformed the first term on 3 out of 5 occasions, rising by an average of 4.4% annually. Meanwhile, on the other 2 occasions, it underperformed the first term rising by an average of 2.3% annually.