Chapter
The Long Term Economic Impact of a Presidential Term
24:55 - 28:39 (03:44)
The economic impact of a presidential term is felt the most around eight years later. The shock to the system from events like the oil embargo cannot be solely attributed to one president's term in office.
Clips
The misery index measures inflation rates and unemployment rates to determine the country’s overall economic health; Presidents Nixon, Ford, and Carter all had to deal with high levels of this index during their terms.
24:55 - 25:51 (00:56)
Misery Index
Summary
The misery index measures inflation rates and unemployment rates to determine the country’s overall economic health; Presidents Nixon, Ford, and Carter all had to deal with high levels of this index during their terms.
ChapterThe Long Term Economic Impact of a Presidential Term
EpisodeSelects: What's the misery index?
PodcastStuff You Should Know
The economic impact of a U.S. President's term is felt up to eight years later, and there is debate over how much influence Presidents have on the economy.
25:51 - 28:39 (02:47)
U.S. Presidents, economy
Summary
The economic impact of a U.S. President's term is felt up to eight years later, and there is debate over how much influence Presidents have on the economy. The oil embargo and other factors contributed to economic struggles during the Carter administration, while Reagan used the "misery index" to criticize his predecessor.