Presidents Have Less Power Over the Economy Than You Might Think - News Summed Up

Presidents Have Less Power Over the Economy Than You Might Think


We all have a tendency to think that a president whose policies we disagree with will be bad for the economy and the stock market. Let’s walk through the factors that determine economic results — from those that are more purely luck to those that do reflect a president’s skill at overseeing the economy. You see that a big part of the economic growth that might take place during a given presidency is determined by forces not under any politician’s control. For fiscal policy, talk to CongressThis is often what we think of when we talk about a president’s economic policy. None of this means that presidents can’t do a lot to make the United States economy more dynamic and productive.


Source: New York Times January 17, 2017 13:50 UTC



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