But the 2020 outlook, the one that really matters to President Trump — who, we must remember, is not particularly interested in legislation anyway — is a bit brighter. While Carter ended as a one-term president, Reagan, Clinton, and Obama all went on to be reelected and ended their presidency with strong approval ratings. They are presidents who are often seen by significant swaths of the public as successful and even transformative.

There are a number of factors clearly behind the job approval numbers for President Trump. With an unemployment rate of 3.8% as of last month, everyone in the administration will be feeling pretty good if it’s true that voters pick presidents based on the health of their wallets.

The overall state of the stock market doesn’t hurt matters either.