On President Obama’s inauguration day for his second term, the Economist explores the economic performance of two-term presidents since the start of the 20^th century.  A range of sources measured performance according to industrial production, federal debt, GDP, stock market, household income, unemployment rate, and real house prices.  The overall score of each president’s second term decreases by an average of 4.2 percentage points from their first term score.

Don’t write off Obama’s second term yet, though.  Franklin Roosevelt’s highly successful New Deal policies in his first term led to a substantially lower relative second term, and three of the eleven two-term presidents (including most recent Democratic president Bill Clinton) had higher economic performances in their second terms.