Do presidents control the economy?
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Do American presidents control the economy? No, not really. However, they can have SOME influence. In this video, Mr. Beat explains how a president can attempt to influence the economy.
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Uh ok, so this is, like, the description of the video so keep reading. Produced by Matt Beat. Filmed by Matt Beat. Additional images used under fair use guidelines or found in the public domain. Music by @ElectricNeedleRoom(Mr. Beat's band), Noir Et Blanc Vie, and NEFFEX.
Here's an annotated script with footnotes: https://docs.google.com/document/d/1vvICn4uX90q5bAs8F0Z6cGnQ8n34TKWDZR-cSh09qn4/edit?usp=sharing
Related videos:
https://www.youtube.com/watch?v=Q4ulrQNae_Q&t
Sources/further reading:
https://www.marketplace.org/2021/02/05/how-much-control-do-presidents-really-have-over-the-economy/
https://cals.ncsu.edu/news/you-decide-can-the-president-control-the-economy/
https://www.usatoday.com/story/news/factcheck/2020/05/28/fact-check-do-gop-presidents-oversee-recessions-dems-recoveries/5235957002/
https://www.usatoday.com/story/news/factcheck/2020/08/21/fact-check-presidential-spending-through-executive-order-allowed/5582667002/
https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party
https://www.thebalancemoney.com/u-s-congress-definition-duties-effect-on-economy-3305980
https://www.cfr.org/blog/election-2024-donald-trump-has-vowed-raise-tariffs-can-he
#ushistory #election2024 #economics
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Presidents have little control over the economy. As internet dorks like to point out, correlation doesn’t equal causation. It is absolutely ridiculous to blame Donald Trump for the COVID-19 recession. A pandemic obviously caused that recession, not Donald Trump. COVID-19 caused the COVID-19 recession. Not only that, economic indicators, or statistics about how we make choices in an economy, are often lagging, meaning they are confirming stuff that has already long already started.
And yet, this myth persists. The myth that the president pulls all the strings on the economy. That a president creates jobs. In this video, Mr. Beat explains that, despite not controlling the economy, presidents can at least sort of influence it.