You are hereHome › College of Arts, Social Sciences & Humanities (CASSH) › Reubin O'D. Askew Department of Government › Cuzán, Alfred › Fiscal policy and presidential elections, 1880-1992 Style APAChicagoHarvardIEEEMLATurabian Choose the citation style. Cuzán, A. G., & Bundrick, C. M. (1996). Fiscal policy and presidential elections, 1880-1992: Research note. Polity, 29(1), 141-156. doi:10.2307/3235278 Download PDF Fiscal policy and presidential elections, 1880-1992 Details Type Academic Journal Article Title Fiscal policy and presidential elections, 1880-1992: Research note Contributor(s) Cuzán, Alfred G. (author)Bundrick, Charles M. (author) Located In Polity ISSN 0032-3497 Volume 29 Issue 1 Start Page 141 End Page 156 Date 1996 DOI 10.2307/3235278 Abstract 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.