Quote:
Originally Posted by elphenor
presidents seem to have very little effect on the boom bust cycles of capitalism
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Pretty much. It's ironic since the economy is one of the biggest driving factors in how am incumbent is rated but the president usually has very little input on the general state of the economy.
The exceptions are ways in which the president can **** the economy up through disastrous policy. E.G. Clinton getting rid of banking regulations that contributed to the 2008 crisis or Trump's failed management of the Coronavirus.
Inevitably, when the pandemic is over we're going to see a bounce back in the economy in terms of job growth (since millions of jobs have been lost) and inevitably whoever is in office will tout this " record job growth" as some sort of personal achievement.