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Explain How The Powers Of A President Have To Influence The Economy

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Explain How The Powers Of A President Have To Influence The Economy
What powers does a president have to influence the economy? Illustrate these powers with a news article from the last four weeks.

The President has several powers to influence the economy. There are actually four, however, the three official powers are: 1) Enumerated, 2) Implied, and 3) Inherent powers.

Enumerated powers are simply the powers that spelled out in Article II of the United States Constitution. Examples of those powers, include the power to: 1) Veto legislation, 2) Grant pardons, and 3) Appoint government officials. The President also has the responsibility to “report to Congress on the state of the union, as well as ‘take Care that the Laws be faithfully executed, and shall Commission all the Officers of the United States.’” (The Presidency, 2013)
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Implied powers give the President power to fire government officials. They also allow the President executive privilege, and the power to make executive agreements and orders. Executive privilege gives the President the power, or right, to “refuse to disclose communications with [his/her] subordinates.” (The Presidency, 2013) Executive agreements are made between the President and other countries, whereas, executive orders are stating how the law, or policy, is to be implemented. For example, military personnel should be familiar with Executive Order 9981, signed by President Truman, which desegregated the military back in 1948. (National Archive & Records Administration, n.d.) (The Presidency, 2013)

The last official power of the President is call Inherent power. Inherent powers are powers the President has because of who he/she is. They are neither stated in the Constitution, nor considered an implied power. “The argument for inherent powers is that certain powers are inherent in the office and therefore so not require any specific legal authorization.” (The Presidency,

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