Episode
11. How Much Does the President of the U.S. Really Matter?
32:28
Published: Wed Nov 03 2010
Description
The U.S. president is often called the "leader of free world." But if you ask an economist or a Constitutional scholar how much the occupant of the Oval Office matters, they won't say much. We look at what the data have to say about measuring leadership, and its impact on the economy and the country.
Chapters
This podcast episode explores the legal grey area surrounding betting on political elections and the use of prediction markets for such purposes.
00:00 - 03:10 (03:10)
Summary
This podcast episode explores the legal grey area surrounding betting on political elections and the use of prediction markets for such purposes.
Episode11. How Much Does the President of the U.S. Really Matter?
PodcastFreakonomics Radio
This podcast episode discusses the correlation between an unexpected presidential win and the effect it has on the economy, specifically in the financial market.
03:10 - 07:51 (04:40)
Summary
This podcast episode discusses the correlation between an unexpected presidential win and the effect it has on the economy, specifically in the financial market. The episode explores the potential ways in which the president can affect the economy, and data analysis is used to examine the stock price fluctuations between a Republican and a Democrat presidency.
Episode11. How Much Does the President of the U.S. Really Matter?
PodcastFreakonomics Radio
This podcast discusses how veteran-laden teams may rely less on their managers and the limited impact that presidents may have on the economy due to the close working relationship with the legislative branch.
07:51 - 14:54 (07:03)
Summary
This podcast discusses how veteran-laden teams may rely less on their managers and the limited impact that presidents may have on the economy due to the close working relationship with the legislative branch. The conversation also touches on how a president's power may be influenced by whether their party controls Congress.
Episode11. How Much Does the President of the U.S. Really Matter?
PodcastFreakonomics Radio
The US president is often perceived to have almost total control over the country's fortunes, but in reality, they are just one-third of the government and have limited power over specific areas such as the economy.
14:54 - 23:18 (08:24)
Summary
The US president is often perceived to have almost total control over the country's fortunes, but in reality, they are just one-third of the government and have limited power over specific areas such as the economy. Instead of setting policy, their role is to determine which problems to prioritize.
Episode11. How Much Does the President of the U.S. Really Matter?
PodcastFreakonomics Radio
The president plays a significant role in foreign affairs as the figurehead of the US abroad and the one who is responsible for galvanizing public support or disapproval.
23:18 - 29:45 (06:27)
Summary
The president plays a significant role in foreign affairs as the figurehead of the US abroad and the one who is responsible for galvanizing public support or disapproval. However, the president's power is constrained in many different ways.
Episode11. How Much Does the President of the U.S. Really Matter?
PodcastFreakonomics Radio
The absence of a president may not significantly change how things happen in everyday life, according to constitutional scholars.
29:45 - 32:11 (02:26)
Summary
The absence of a president may not significantly change how things happen in everyday life, according to constitutional scholars. Even when a president takes office, they may discover that they have less power than they thought they would have.