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Does The President Really Control The Economy?

January 24, 2013

Throughout history, many U.S. presidents have had their legacy engraved by the way the economy behaved during their time in office. For example, President Ronald Reagan is credited for a stellar economy, yet the crash of 1987 took place while he was in office. At the start of President Reagan's first term in January, 1981 the highly followed Dow Jones Industrial Average (DJIA) was trading around the 950.0 level. Throughout 1981 to 1987 the Dow Jones Industrial Average rose to a high of 2746.70.

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