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@nytimes Reality: Presidents don’t affect the economy @nytpolitics: The President’s mood ring governs the economy, and it’s bad. Therefore he’s bad. Economy: improves President: Ok, fine, I made the economy go up Times: Nooo not that way. You can only make the economy go down
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@nytimes @nytpolitics This isn’t a particularly new claim, Fortune covered it in 2016 (fortune.com/2020/10/12/us-economy-president-impact-trump/amp/) citing the Blinder/Watson paper aeaweb.org/articles?id=10.1257/aer.20140913 that puts Presidents and economic results down to a mix of luck.