This statistic shows the average annual change in real GDP per capita in the United States from President Hoover to Obama, as of 2011. The biggest economic growth happened during Franklin D. Roosevelt's presidency. The Real Gross Domestic Product per capita increased by 5.25 percent each year.
Additional information on President Barack Obama’s first term economic policy performance
“It’s the economy, stupid” as the now famous saying by former President Bill Clinton goes is often used to demonstrate the importance continuants place on the economy’s performance. Appointed to President of the United States in 2008, President Obama entered the job in the early stages of a global economic crisis. The unemployment rate in the United States since 1990 demonstrates that Obama oversaw a reduction in unemployment rate since an initially sharp increase to over 9 percent in 2009 and 2010. Prior to the reduction, public approval of President Obama and the Republicans in congress in handling the economy shows that the public’s trust in Obama waned from 61 percent in February 2009 to 42 percent in November 2011. The fluctuation of America’s economy meant that Obama’s first term saw him reach an average of 76 thousand private sector jobs created per month as of June 2012, leaving him sixth in private sector job creation on the list of post-war presidents.
As leader of the most economically influential country on the planet, praise and criticism of Obama’s economic performance is also a global issue. In 2012, opinion on Obama’s management of global economic issues by country demonstrates the variety in opinion held in and across countries. While countries such as Britain and Germany whose economies appeared to be recovering held Obama’s economic policy in a positive light, opinion was more negative in Egypt and Greece were the economic situation was less optimistic.
President Biden Job Approval - Economy | RealClearPolling
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As numerous studies in the US and elsewhere document, voters hold incumbents accountable for the economy. However, our knowledge of the conditions that allow voters to do so remains incomplete. In particular, most findings about economic voting come from studies of modern economies (post World War II). Modern economies have a host of characteristics that seem to lend them-elves to economic voting. Their governments play a large role in the economy and have the Keynesian toolset necessary to influence conditions. Their voters are educated and have access to rich economic data from ubiquitous media. Are these and other modern conditions necessary for economic voting? Or, would voters still hold politicians accountable even under adverse conditions? Using economic measures now available back to the 1790s, we study economic voting from the earliest days of the US Republic when none of these conditions were met. Voters, we find, appear to judge incumbent presidents on the economy all the way back to George Washington. Consistent with this pattern, we also find that the economy appears to shape presidents' decisions to run again throughout US history. These findings support recent comparative evidence that economic voting is pervasive across a variety of contexts.
During the first five months of 2020, democratic presidential candidate Michael Bloomberg spent 4.36 million U.S. dollars on Facebook ads related to the topic of economy. Current president of the United States, Donald Trump, ranked third, having spent 733 thousand dollars on Facebook ads related to economy issues.
As of November 2020, ** percent of respondents said they think the U.S. economy will get worse if Donald Trump is reelected president in 2020. However, **** percent said that they believe the U.S. economy will stay the same.
President Trump Approval - Economy | RealClearPolling
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United States The Economist YouGov Polls: 2024 Presidential Election: Donald Trump data was reported at 46.000 % in 29 Oct 2024. This stayed constant from the previous number of 46.000 % for 22 Oct 2024. United States The Economist YouGov Polls: 2024 Presidential Election: Donald Trump data is updated weekly, averaging 43.000 % from May 2023 (Median) to 29 Oct 2024, with 61 observations. The data reached an all-time high of 46.000 % in 29 Oct 2024 and a record low of 38.000 % in 31 Oct 2023. United States The Economist YouGov Polls: 2024 Presidential Election: Donald Trump data remains active status in CEIC and is reported by YouGov PLC. The data is categorized under Global Database’s United States – Table US.PR004: The Economist YouGov Polls: 2024 Presidential Election (Discontinued). If an election for president were going to be held now and the Democratic nominee was Joe Biden and the Republican nominee was Donald Trump, would you vote for...
https://dataverse.harvard.edu/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.7910/DVN/EZNXW1https://dataverse.harvard.edu/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.7910/DVN/EZNXW1
Few issues are more salient for voters or more important in political decision-making than economic conditions, and no American public official is more closely associated with the economy than the president. Existing scholarship disagrees, however, about how partisan loyalties affect economic evaluations. We study how partisan control of the presidency affects economic perceptions using eight waves of panel data collected around the 2016 presidential election from a national probability sample. We find that while individual-level perceptions are largely stable across time, the change in partisan control of the White House was associated with more positive evaluations among Republicans and more negative evaluations among Democrats. These effects are statistically significant yet substantively modest in magnitude. Our results indicate that partisanship is less strongly associated with economic assessments than some previous scholarship has claimed and suggest more sanguine conclusions about the prospects for presidential accountability even in a partisan era.
This paper assesses whether presidents will heighten the usage of cheerleading rhetoric about the economy that uses a positive tone in response to changes in the housing market. The time series analyses of information available between 1963 to 2005 indicate presidents increase economic cheerleading in response to positive changes in the housing market.
According to exit polling in ten key states of the 2024 presidential election in the United States, roughly ** percent of voters who considered the condition of the nation's economy poor voted for Donald Trump. In comparison, ** percent of those who considered the state of the economy good reported voting for Kamala Harris.
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We show that standard economic measures based on samples and richer newly available ones based on populations lead to strikingly different conclusions about democratic accountability. Previous research, which has primarily relied on sample-based measures, has mostly missed an important determinant of presidential election outcomes: the local economy. We detect the local economy’s impact with two unique datasets, one of which includes data on all consumer loans made in California and the other a census of businesses. In contrast to measures subject to sampling error, these population-based measures indicate that economic conditions at the zip code and county level have a substantial impact on presidential election outcomes. Presidents therefore face incentives to focus on electorally important geographic regions.
The Politbarometer has been conducted since 1977 on an almost monthly basis by the Research Group for Elections (Forschungsgruppe Wahlen) for the Second German Television (ZDF). Since 1990, this database has also been available for the new German states. The survey focuses on the opinions and attitudes of the voting population in the Federal Republic on current political topics, parties, politicians, and voting behavior. From 1990 to 1995 and from 1999 onward, the Politbarometer surveys were conducted separately in the eastern and western federal states (Politbarometer East and Politbarometer West). The separate monthly surveys of a year are integrated into a cumulative data set that includes all surveys of a year and all variables of the respective year. The Politbarometer short surveys, collected with varying frequency throughout the year, are integrated into the annual cumulation starting from 2003.
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Are leaders held accountable for inherited conditions, and does accountability increase with time in office? I combine hundreds of opinion polls to test how new presidents are rewarded or punished for current economic perceptions, and how these judgments evolve over time. I find the economy influences voter evaluations in a president's first year, that it influences evaluations more so in the second year, and that it does not influence evaluations any more in later years. Surveys of governor approval and state economic conditions yield similar results, as does an original survey experiment exploiting the varying tenure of state governors in the wake of the 2018 elections. While raising questions about voter competence, these findings also suggest leaders have incentives to spread effort more broadly over their terms.
https://www.icpsr.umich.edu/web/ICPSR/studies/27761/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/27761/terms
This poll, fielded January 13-16, 2009, is a part of a continuing series of monthly surveys that solicits public opinion on the presidency and on a range of other political and social issues. A national sample of 1,079 adults was surveyed, including an oversample of 204 African Americans. Opinions were sought on how well George W. Bush handled his job as president, how Dick Cheney handled his job as vice president, and whether things in the country were going in the right direction. Respondents were asked their opinions about how they thought President George Bush would go down in history, how newly elected Barack Obama handled his presidential transition, the level of confidence they had in President Obama and Congress to make decisions for the country's future, the expectations they had for Obama's performance as president, whether he got off to a good start in dealing with the economy, and the confidence level they had that President Obama's economic program would improve the economy. Views were sought on the kind of priority the president and Congress should give several issues including the economy, the situation in Iran, in Israel, and in Afghanistan, the federal budget deficit, education, global warming, health care, immigration issues, the United States campaign against terrorism, and taxes. Respondents were also asked questions about and the kind of priority that should be given to items that could be included in the economic stimulus plan such as upgrading schools with new technology, computerizing American medical records, extending unemployment insurance and health care coverage, and putting a moratorium on home mortgage foreclosures. Several questions addressed race relations and asked such things as whether Blacks in the community receive equal treatment, whether respondents felt they were ever denied housing or a job because of their race, and whether they felt they had ever been stopped by the police because of their race. Additional topics covered included respondents' personal finances, the war in Iraq, the situation in Afghanistan, the United States military prison at Guantanamo Bay, the treatment of terrorist suspects, embryonic stem cell research, and race relations. Demographic variables include sex, age, race, education level, political party affiliation, political philosophy, religious preference, and household income.
Recent efforts by Baker, Bloom, and Davis (2013) make it possible to evaluate whether changes in economic policy uncertainty have any bearing on the actions taken by political officials. This current project assesses whether economic policy uncertainty in the United States compels the U.S. president to increase the linguistic and substantive simplicity of public remarks. In an attempt to either decrease rising economic policy uncertainty, or stop the occurrence of economic policy uncertainty altogether, the president can choose to discuss issues in a very simple way. Time series analyses of monthly information spanning between 1993 and 2013 indicate that an increase in the economic policy uncertainty index results in an increase in presidential rhetorical simplicity. This provides an initial indication that the rhetorical strategy of linguistic and substantive simplicity employed by presidents can be shaped by economic conditions.
Adding to national debt is an inevitable fact of being President of the United States. The extent to which debt rises under any sitting president depends not only on the policy and spending choices they have made, but also the choices made by presidents and congresses that have come before them. Ronald Reagan and George W. Bush President Ronald Reagan increased the U.S. debt by around **** trillion U.S. dollars, or ****** percent. This is often attributed to "Reaganomics," in which Reagan implemented significant supply-side economic policies in which he reduced government regulation, cut taxes, and tightened the money supply. Spending increased under President George W. Bush in light of the wars in Iraq and Afghanistan. To finance the wars, President Bush chose to borrow the money, rather than use war bonds or increase taxes, unlike previous war-time presidents. Additionally, Bush introduced a number of tax cuts, and oversaw the beginning of the 2008 financial crisis. Barack Obama President Obama inherited both wars in Iraq and Afghanistan, and the financial crisis. The Obama administration also did not increase taxes to pay for the wars, and additionally passed expensive legislation to kickstart the economy following the economic crash, as well as the Affordable Care Act in 2010. The ACA expanded healthcare coverage to cover more than ** million more Americans through programs like Medicare and Medicaid. Though controversial at the time, more than half of Americans have a favorable view of the ACA in 2023. Additionally, he signed legislation making the W. Bush-era tax cuts permanent.
https://www.icpsr.umich.edu/web/ICPSR/studies/2717/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/2717/terms
This poll, fielded January 3-4, 1999, is part of a continuing series of monthly surveys that solicit public opinion on the presidency and on a range of other political and social issues. Respondents were asked to give their opinions of President Bill Clinton and his handling of the presidency, foreign policy, and the economy, as well as their opinions of the United States Congress, Vice President Al Gore, First Lady Hillary Rodham Clinton, Special Prosecutor Kenneth Starr, Senate Majority Leader Trent Lott, the Republican and Democratic parties, the federal government, and the news media. Views were also solicited on the condition of the national economy, public trust in government, whether political leaders shared the moral values of and cared about the needs and problems of the American people, priorities for national governmental action in the near future, and predictions regarding such action. Special emphasis was given to the presidential impeachment proceedings on Capitol Hill. Respondents were asked how much attention they paid to and how they viewed the House of Representatives impeachment vote, and what their desires and expectations were for the prospective Senate impeachment trial (including possible Senate censure or Clinton resignation) and for the ultimate resolution of the impeachment proceedings. Opinions were also solicited on the news media's handling of the impeachment process. Background information on respondents includes age, race, sex, education, religion, marital status, voting registration status, political party preferences and political orientation, computer, Internet, and e-mail accessibility and use, age of children in the household, and family income.
Over the course of their first terms in office, no U.S. president in the past 100 years saw as much of a decline in stock prices as Herbert Hoover, and none saw as much of an increase as Franklin D. Roosevelt (FDR) - these were the two presidents in office during the Great Depression. While Hoover is not generally considered to have caused the Wall Street Crash in 1929, less than a year into his term in office, he is viewed as having contributed to its fall, and exacerbating the economic collapse that followed. In contrast, Roosevelt is viewed as overseeing the economic recovery and restoring faith in the stock market played an important role in this.
By the end of Hoover's time in office, stock prices were 82 percent lower than when he entered the White House, whereas prices had risen by 237 percent by the end of Roosevelt's first term. While this is the largest price gain of any president within just one term, it is important to note that stock prices were valued at 317 on the Dow Jones index when Hoover took office, but just 51 when FDR took office four years later - stock prices had peaked in August 1929 at 380 on the Dow Jones index, but the highest they ever reached under FDR was 187, and it was not until late 1954 that they reached pre-Crash levels once more.
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United States The Economist YouGov Polls: 2024 Presidential Election: Other data was reported at 2.000 % in 29 Oct 2024. This records an increase from the previous number of 1.000 % for 22 Oct 2024. United States The Economist YouGov Polls: 2024 Presidential Election: Other data is updated weekly, averaging 2.000 % from May 2023 (Median) to 29 Oct 2024, with 61 observations. The data reached an all-time high of 8.000 % in 19 Dec 2023 and a record low of 0.000 % in 16 Apr 2024. United States The Economist YouGov Polls: 2024 Presidential Election: Other data remains active status in CEIC and is reported by YouGov PLC. The data is categorized under Global Database’s United States – Table US.PR004: The Economist YouGov Polls: 2024 Presidential Election (Discontinued). If an election for president were going to be held now and the Democratic nominee was Joe Biden and the Republican nominee was Donald Trump, would you vote for...
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United States The Economist YouGov Polls: 2024 Presidential Election: Joe Biden data was reported at 41.000 % in 16 Jul 2024. This records an increase from the previous number of 40.000 % for 09 Jul 2024. United States The Economist YouGov Polls: 2024 Presidential Election: Joe Biden data is updated weekly, averaging 42.000 % from May 2023 (Median) to 16 Jul 2024, with 46 observations. The data reached an all-time high of 44.000 % in 16 Apr 2024 and a record low of 38.000 % in 17 Oct 2023. United States The Economist YouGov Polls: 2024 Presidential Election: Joe Biden data remains active status in CEIC and is reported by YouGov PLC. The data is categorized under Global Database’s United States – Table US.PR004: The Economist YouGov Polls: 2024 Presidential Election (Discontinued). If an election for president were going to be held now and the Democratic nominee was Joe Biden and the Republican nominee was Donald Trump, would you vote for...
This statistic shows the average annual change in real GDP per capita in the United States from President Hoover to Obama, as of 2011. The biggest economic growth happened during Franklin D. Roosevelt's presidency. The Real Gross Domestic Product per capita increased by 5.25 percent each year.
Additional information on President Barack Obama’s first term economic policy performance
“It’s the economy, stupid” as the now famous saying by former President Bill Clinton goes is often used to demonstrate the importance continuants place on the economy’s performance. Appointed to President of the United States in 2008, President Obama entered the job in the early stages of a global economic crisis. The unemployment rate in the United States since 1990 demonstrates that Obama oversaw a reduction in unemployment rate since an initially sharp increase to over 9 percent in 2009 and 2010. Prior to the reduction, public approval of President Obama and the Republicans in congress in handling the economy shows that the public’s trust in Obama waned from 61 percent in February 2009 to 42 percent in November 2011. The fluctuation of America’s economy meant that Obama’s first term saw him reach an average of 76 thousand private sector jobs created per month as of June 2012, leaving him sixth in private sector job creation on the list of post-war presidents.
As leader of the most economically influential country on the planet, praise and criticism of Obama’s economic performance is also a global issue. In 2012, opinion on Obama’s management of global economic issues by country demonstrates the variety in opinion held in and across countries. While countries such as Britain and Germany whose economies appeared to be recovering held Obama’s economic policy in a positive light, opinion was more negative in Egypt and Greece were the economic situation was less optimistic.