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- The President can propose and lobby Congress for programs and packages that are designed to affect the economy
- The President has the power to veto economic programs, tax hikes or cuts, and expenditures that Congress passes.
- The President appoints ( subject to Senate approval) the chairman of the federal reserve board who has great control over the money supply and interest rates.
- The treasury, under control of the President, can take steps that affect the foreign exchange rate and affect the balance of trade and the prices of imports and exports.
- The President can use his powers of persuasion to prevent and settle strikes in key industries , such as steel, auto, railroads, mining, etc. that affect the overall econom
Ultimately, yes. As the elected leader of the US, the President is responsible for the economy as part of domestic policy. Remember also the words on the sign on President Harry Truman's desk, "The buck stops here." (pun intended--but no less true.)
The President doesn't affect the economy. The fiscal responsibility of our government spending is in the hands of Congress.
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What did President Roosevelt do to help the economy after the stock market crash?
He introduced the New Deal
What did president Franklin D. Roosevelt created what he called to help boost the American economy?
The new deal
Why did he become president?
he wanted to help the American because he knows that the Americans economy it's not doing well
What did president Coolidge do to help the economy?
He ran a fundraiser and gave the benefits to the government
How did Nixon try help the economy?
President Nixon did try to help the economy. Nixon imposed wage-price controls which were not successful. Nixon also attempted to gain better management of government financial programs.
What did President Kennedy think should be the role of the government in the economy?
As president, Kennedy urged Congress to pass laws to help the millions of americans living in poverty.
Which president used fiscal policy to help the economy and it didn't work well?
Barack Obama seems to be one example.
To help combat the ailing economy in the early 70s President Nixon took the US off the standard?
The gold standard
How many presidents tried to help the US economy?
Every president has wanted to help the economy. The idea that the government should try to control the economy is fairly recent , mostly since Roosevelt in 1932 and after Roosevelt there is some disagreement about what kind of government intervention will actually help the economy, but certainly every president since FDR has thought about what the government can do to help the economy, and even before Roosevelt , presidents tried to take steps to make the economy better.
President Hoover expected the Reconstruction Finance Corporation to .?
President Hubert Hoover expected the Reconstruction Finance Corporation to energize the economy and help the Stock Market poll out of its downturn. The Corporation was a huge disappointment.
During the Great Depression President Franklin D Roosevelt created what he called to help boost the American economy?
The new deal :)
What is the government doing to help me find employment?
President Obama is coming up with a new stimulus package to help with unemployment. The Government is constantly coming up with new plans to help the economy.
