Fiscal policy is both a contributor to and an effect of presidential electoral fortunes in the United States. An analysis of presidential election results between 1880 and 1992 shows that, except in periods of major war, an increase in the ratio of federal outlays to GNP has a negative effect on presidential reelection independent of inflation or growth rate. Yet even though faced with voters who punish expansion and reward cutbacks, presidents do not react consistently. At most, there is evidence that presidents leave spending levels about the same in their first term and act more boldly to change spending levels up or down only after reelection.
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Details
Title
Fiscal policy and presidential elections, 1880-1992
Publication Details
Polity, Vol.29, pp.141-156
Resource Type
Journal article
Publisher
University of Chicago Press; United States
Series
29
Copyright
Copyright 1995 Northeastern Political Science Association
Identifiers
WOS:000168745700006; 99380090326006600
Academic Unit
Reubin O'D. Askew Department of Government ; College of Arts, Social Sciences, and Humanities