Identify the Type of Fallacy in the Following Passage

question 123

Short Answer

Identify the type of fallacy in the following passage.
"We had the worst inflation of my lifetime in the late '70s, then Ronald Reagan got elected and during his term in office it dropped from over thirteen percent to about four percent. Shows you what a smart president can do."

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Definitions:

Independence

The condition of a nation, country, or state which exercises self-government, and sovereignty over its territory.

Mastery

A high degree of skill or expertise in a particular field or activity.

Crowdfunding

Asking for small donations from a large number of people, often using the Internet; a style of generating capital to start a business through social media.

Collaborating

The act of working together with one or more people to achieve a common goal, often involving sharing knowledge, learning, and building consensus.