Wednesday, September 28, 2016
The Economics of Politics
This article discusses the relationship between Presidential terms and the market. The article argues that how the stock market is doing at any given time relies more on the overall economic trends than it does on who is in power. Does this change your view of past presidents who happened to be in power during times of prosperity or recession, such as Bill Clinton or Obama? Does it change your current view on the presidential debate- if who's in power doesn't matter to the economy as much as previously thought, would you change your preferred candidate? (Ex: Many people quote Trump's business acumen as a reason to vote for him).
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I would absolutely not change my vote based on this article. I think that the economic conditions in which a president enters upon the beginning of his term definitely affect the presidency, as it is much easier to maintain economic balance than to restore it. For example, Obama has done so much to improve the economy, but isn't credited with that because of the terrible shape that Bush left for him to work with.
ReplyDeleteThe article doesn't change my view of past presidents who happened to be in power at times of prosperity or recession. I already had learned in APUSH about this and was aware that Bill Clinton didn't do that much with the economy, he just got elected at the right time for economic prosperity. I wouldn't change my preferred candidate because of this. Presidents, even if they don't do that much to alter the economy as a whole, still have power to change economic policies like raising or lowering taxes and what to fund, which are matters of great importance.
ReplyDeleteThis article doesn't do anything to sway my vote. Economic conditions are inherited at the beginning of presidencies and can make it more of a struggle to fix situations depending on the year. No matter how much work a president does, it's not guaranteed that the progress will be noted because of how low the condition was when they assumed the position.
ReplyDeleteThis article does not affect my opinion at all. While the economy is an important aspect of our country, it cannot be controlled by the president; the executive branch of our government has little to do with the stock market. People who argue that Trump would be a good president due to his business experience should consider this as well; there is more to being president than claiming to know how to handle money.
ReplyDeleteMy view of past presidents who happened to be in power during times of economic prosperity or struggle has not changed. Presidents inherit the economic conditions left behind by their predecessor, so presidents should be judged by what they improve during their turn. This did not change by view on the current presidential debate, either. I don't support Trump in the first place, so this article serves to solidify my standing.
ReplyDeleteThe information presented in this article did not impact my view of past presidents and the economic conditions during their terms. Whoever is in power generally cannot impact the stock market that significantly due to America's divisions of power. However, it is often difficult to measure the economic impact of a president's policies, because economic forces and trends are often independent of politics. Since my beliefs about the relationship between politics and economics have not changed, my opinions of the candidates remain unaltered.
ReplyDeleteAlthough the condition of the economy isn't a reflection of the president currently in office, my opinions of former presidents hasn't changed. When I consider former presidents the economic successes or failures that occurred during their term isn't the first thing that comes to my mind, so the fact that those things have little to do with their actions doesn't change anything for me. My preferred candidate in this election wouldn't change either.
ReplyDeleteThis article does not change my views of past presidents. In the article it says that the economy doesn't have anything to do with the person who is in power, therefore you can't judge a former president based on the economy he inherits from his precedessor. This article didn't change my opinion of the presidential debate. After reading this article I wouldn't change my preferred candidate.
ReplyDeleteI agree with everyone else in the sense that this article doesn't change my views either. I personally don't think that the president by themself has that much to do with the economy of America, and there are many more factors that result in times of economic prosperity or depression. This doesn't change how I view past presidents and it certainly doesn't change my view on the current presidential race. Just because Donald Trump has had success in his business endeavors doesn't mean that he would make a good president; there are actually a lot of things that have come out recently about how Mr. Trump has handled money such as the payment of workers and taxes which shows that he is dishonest in that aspect.
ReplyDeleteThis article does not change my views at all for the upcoming presidential election. On the other hand, I feel as though, even though the president has less of an impact on if the economy will move in a positive or negative direction, a good president is one who is able to help control the economy in some ways. For example, Obama bailing out car manufacturers really helped with the economy and some say that he did a good job with that. But in regards to Donald Trump, I feel as though you can't really choose a president because you think he or she will help with the economy. You pick the best candidate to become president and if the economy gets better during that time, then that is a good thing. A president's skill about the economy is one of many required skills, though it is not the deciding factor.
ReplyDeleteThis article has not effected my opinion about the current election or our past presidents. Most presidents inherent the shape the economy is in from the last president and so on. The economy is not solely left to the president to fix therefore I can not place the blame on any of our presidents which is also why I do not think you should vote for a president who's only talent is money.
ReplyDeleteThis article does not change my view of past presidents, nor does it change my views about the current one. I do agree, however, that the president has less control over the economy than we tend to think. That being said, presidents can enact devastating policies to stifle our economy. So in that sense I'm still very afraid of a Trump presidency. As for past presidents, I don't think it was Clinton's magic touch that made the economy so good in the 90s, but I don't think he hindered development either.
ReplyDeleteThis article did not change my views about the current or past presidents. I agree with the idea that it is much harder to fix the economy rather than maintaining it and therefore you can't judge a presidency just by that factor. The article didn't impact my views on the current candidates either because even though Trump did have success in his professional life, you can't say that it will be indicative of his presidency.
ReplyDeleteAlthough it's fascinating that the economy is reliant on presidents, I don't think that it will affect anyone's political views on politicians. People who support Trump probably like him for more than just being a businessman. I think it is better to judge presidents based on how the respond to hardships, not on how many occurred during their term.
ReplyDeleteThis article did not change my views about the relationship between leaders and the economy. Presidents inherit the economic situation at the start of their presidency, and it is their duty to attempt to create positive change and growth. However, the state of the economy is not directly related to the leader. There are many other factors that influence the economy.
ReplyDeleteI'm not quite sure how relevant this article was to the political goings at present. Neither of the candidates (At least to my knowledge) have a heavy detail on policy on the Stock Market. Though, it was interesting to find that the non-correlation between new administrations and how the economics of that term or couple of terms were.
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ReplyDeleteThis article did not change my views or opinions on past or the current president. The president has a lot less say than most people think in the economy and cannot be blamed for its downfalls. Trump being a businessman and knowing how to handle money does not mean he will fix the economy.
ReplyDeleteReading this article did not change my outlook on the past or current presidents. However I do agree with the statement that the president has less control over the economy than we think. It is for this reason that I do not believe that just based on the fact that Trump is a business man and has always been involved with money means that he can magically fix our economy. In fact it could go in the complete other direction with a wrongly enacted Trump policy that might come if he were to be elected.
ReplyDeleteThis does nothing to change my current view and beliefs about presidents and the economy, and if anything strengthens my views about the effects past presidents' had on it. People often say that Obama has ruined the economy, but the truth is that it was in a terrible position when he began his presidency, and he did much to improve it, but ultimately there was little he could do to avoid the trends. Similarly, I don't believe at all that Donald Trump's past business experience would help him to improve the economy, especially based on what the article said.
ReplyDeleteReading this article did not influence my opinion on the past or current presidents. People often say that a certain president has ruined the economy but it isn't true, often times the economy is left in a horrible position by previous presidents. For example, Obama significantly improved the economy but it went unnoticed because the economy's previous condition was so bad. I do not believe Trump will be able to work some miracle and fix the economy as he claims, if anything, I feel like he will further deteriorate it.
ReplyDeleteI didn't come away with a swayed opinion after reading this article. It seems to me that the economy moves slowly, and different president's actions have a slow impact on the economy, leading to inconsistent results at best on stock markets directl from the president. The data isn't a good marker of a president's ability due to the fact that the current state of the economy takes a long period of time to be influenced, and can be affected by the actions of past presidents, making it hard to hold which presidents are responsible for what trends. I'm also getting the feeling that stocks wouldn't really be that different under Clinton vs Trump, seeing as Clinton would be similar to Obama and because I don't believe that Trump would have as great of a boon that some people are predicting on the economy. In other words, I would almost ignore stock market information in favor of other statistics, as there are too many variables involved.
ReplyDelete