11. How Much Does the President of the U.S. Really Matter?
Freakonomics Radio
00:00
The Stock Market Prefers George W Bush Over John Kerry
The 2004 election between George W. Bush and John Kerry had a big effect on the markets. The difference in value of US stocks was maybe one and a half or two percent, which is really a pretty small effect. So that tells us that the stock market preferred George Bush over John Kerry.
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