The Making Up of a President - Clifford F. Thies - Mises Daily

The Making Up of a President - Clifford F. Thies - Mises Daily: "We found that the values implicit in presidential ratings are just about the opposite of those of the people, as expressed in their voting. The people vote for the nominees of the party of the sitting president who have avoided war, and whose terms of office were characterized by strong economic growth. The people don't really care much about political or personal scandal. By contrast, the intellectuals love war, don't care about economic growth, and are obsessed with scandal.

Another thing Gary and I found is that ratings of presidents, upon their departure from office, tend to start low and then rise over time. Therefore, the very low rating accorded George W. Bush in the recently released Siena poll can be expected to improve in the coming years."

"And how does the intellectual elite explain the turnaround of the economy under Reagan, that we went from the stagflation of the 1970s and the malaise associated with Carter to 'morning in America'? Well, I'm glad you asked that question.

According to the presidential experts, it was Luck. The intellectual elite rank Ronald Reagan low in economic performance, #21, below Barack Obama. But they rank Reagan #3 in Luck."