Do presidents control the economy? (Patreon)

Do presidents control the economy?

To get 10 FREE meals with HelloFresh, use code MRBEAT10 at https://bit.ly/3XYQG3O ! Applied across 7 boxes, for new subscribers only, varies by plan. Do American presidents control the economy? No, not really. However, they can have SOME influence. In this video, Mr. Beat explains how a president can attempt to influence the economy. Don't forget to subscribe to @CynicalHistorian and check out his video here: Uh ok, so this is, like, the description of the video so keep reading. Produced by Matt Beat. Filmed by Matt Beat. Additional images used under fair use guidelines or found in the public domain. Music by @ElectricNeedleRoom(Mr. Beat's band), Noir Et Blanc Vie, and NEFFEX. Here's an annotated script with footnotes: https://docs.google.com/document/d/1vvICn4uX90q5bAs8F0Z6cGnQ8n34TKWDZR-cSh09qn4/edit?usp=sharing Related videos: https://www.youtube.com/watch?v=Q4ulrQNae_Q&t Sources/further reading: https://www.marketplace.org/2021/02/05/how-much-control-do-presidents-really-have-over-the-economy/ https://cals.ncsu.edu/news/you-decide-can-the-president-control-the-economy/ ​​https://www.usatoday.com/story/news/factcheck/2020/05/28/fact-check-do-gop-presidents-oversee-recessions-dems-recoveries/5235957002/ https://www.usatoday.com/story/news/factcheck/2020/08/21/fact-check-presidential-spending-through-executive-order-allowed/5582667002/ https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party https://www.thebalancemoney.com/u-s-congress-definition-duties-effect-on-economy-3305980 https://www.cfr.org/blog/election-2024-donald-trump-has-vowed-raise-tariffs-can-he #ushistory #election2024 #economics Join this channel to get access to perks: https://www.youtube.com/channel/UCmYesELO6axBrCuSpf7S9DQ/join For business inquiries or to send snail mail to Mr. Beat: https://www.iammrbeat.com/contact.html https://www.youtube.com/c/iammrbeat/about How to support and donate to my channel: Subscribe to @iammrbeat & hit the notification bell 🔔 Join for great perks on Patreon: https://www.patreon.com/iammrbeat Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat Buy Mr. Beat a coffee: https://ko-fi.com/iammrbeat Cameo: https://www.cameo.com/iammrbeat Subscribe to my second channel: The Beat Goes On Patreon for The Beat Goes On: https://www.patreon.com/thebeatgoeson Connect with me: Links: https://linktr.ee/iammrbeat Website: https://www.iammrbeat.com/ Podcast: https://anchor.fm/thebeatpod Reddit: https://www.reddit.com/r/mrbeat/ @beatmastermatt on Twitter: https://twitter.com/beatmastermatt Facebook: https://www.facebook.com/iammrbeat/ Instagram: https://www.instagram.com/iammrbeat Beatcord: https://discord.gg/g8cZPjt TikTok: https://www.tiktok.com/@iammrbeat Merch: https://matt-beat-shop.fourthwall.com/ https://www.bonfire.com/store/mr-beat/ https://sfsf.shop/support-mrbeat/ https://amzn.to/3fdakiZ Affiliate Links: Useful Charts: https://usefulcharts.com/?aff=12 Fourthwall: https://link.fourthwall.com/MrBeat StreamYard: https://streamyard.com/pal/d/5272340869152768 Presidents have little control over the economy. As internet dorks like to point out, correlation doesn’t equal causation. It is absolutely ridiculous to blame Donald Trump for the COVID-19 recession. A pandemic obviously caused that recession, not Donald Trump. COVID-19 caused the COVID-19 recession. Not only that, economic indicators, or statistics about how we make choices in an economy, are often lagging, meaning they are confirming stuff that has already long already started. And yet, this myth persists. The myth that the president pulls all the strings on the economy. That a president creates jobs. In this video, Mr. Beat explains that, despite not controlling the economy, presidents can at least sort of influence it.