It often gets presidents elected. In 1992, then-candidate Bill Clinton said “It’s the economy, stupid”. Jimmy Carter also reportedly lost on the issue of the economy, in 1980. While four years later, again just reportedly at the time, Ronald Reagan won in a landslide.
Certainly you can’t argue with the results, if it got your guy in that election year. But my question is simply, Does the president really have that much to do with the economy?
I am not disputing he may have a little. After all, he nominates the federal reserve chairman. And that certainly has something to do with the economy. But my question simply is, does he, the president, really have as much to do with the economy, as voters often give him credit for? The two above examples are good models of what I am talking about.