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However, the president alone isn’t responsible for economic outcomes. Generally, policymakers have two main tools to influence the economy: monetary and fiscal policy.
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a ...
To be fair, the president does have some power to influence the economy. For one, trade policy can make a big impact. And during times of crisis, the president can expedite relief that may ...
“Presidents can do little relative to other forces affecting the economy, such as problems in getting cars and other products to market or keeping gas prices low, but people see presidents as a ...
It's the economy, stupid" is a catchphrase that means that the primary concern of American voters is the state of the U.S. economy, and how the economy affects their personal finances. [1] [2] The phrase was coined by James Carville in 1992 as "The economy, stupid". It is often quoted from a televised quip by Carville as "It's the economy, stupid".
It's worth noting that the president does not exclusively influence these factors; Congress, the Federal Reserve, and many other institutions and outside factors influence the economy. Presidents ...
The Presidents are ranked based upon the authors' ranking system, the Presidential Rankings of Economic Stewardship (PRES Rules). These rules are a series of customized rankings which were predetermined by the authors to chart the influence of a given president on the American economy.
Source: "An Economic Ranking of U.S. Presidents, 1789-2009: A Data-Based Approach," Mark Zachary Taylor. ... can easily distort the finite bounds used to judge how presidents affect the economy.