Blinder’s a known liar.
This study fails the basics:
1. Cherry-picked dates. Why start at Truman? Truman benefits from the end of WW2 when every industrialized nation except us was a mess.
2. Nonsense data Part A. A President’s first term doesn’t start until well into the 2nd year when he gets his budget and policies implemented.
3. Nonsense data Part B. They didn’t build that. The economy isn’t run by American Presidents and there are so many variables that no President can truly own his economy, perhaps FDR could be an exception.
After four terms. Yea he owned it. They paint a lot rosier picture of FDR’s sloooow recovery than reality also.