A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a new U.S. president.
Abstract and Keywords. This article uses the broadest possible definition of presidential prerogative, covering all powers a president may claim from the Constitution. Prerogative politics involves the substitution of presidential fiat and unilateral action for statutory authorization and collaborative decision making. The unitary executive theory asserts that all executive authority must be in the President’s hands, without exception.. President George W. Bush has been asserting from the outset of his presidency that presidential power must be unilateral, and unchecked.. DEFINITION of 'Presidential Election Cycle (Theory)'. A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a new U.S. president. The Unitary Executive Theory is a theory of American constitutional law holding that the President possesses the power to control the entire executive branch. The doctrine is rooted in Article Two of the United States Constitution, which vests the executive power of the United States in the President. Term. The prerogative theory expressed a level of executive power that President Abraham Lincoln felt might not only exceed constitutional bounds, but also possibly act against the constitution. It was David S. Addington, chief of staff to Vice President Dick Cheney since October 2005 and Cheney's counsel since 2001, who believes in the Unitary Executive theory. If you guessed that this meant the power of one CEO who decides liberty and justice for all, you wouldn't be far off, Frel wrote. Proponents of a strongly unitary theory argue that the president possesses all of the executive power and can therefore control subordinate officers and agencies of the executive branch. This implies that the power of Congress to remove executive agencies or officers from Presidential control is limited. Let us distinguish between a strong and a weak version.. In either its strong or weak form, the theory would limit the power of Congress to divest the President of control of the executive branch. The strongly unitary theory posits stricter limits on Congress than the weakly unitary theory.
http://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780199238859.001.0001/oxfordhb-9780199238859-e-20 http://www.sourcewatch.org/index.php?title=Unitary_Executive_Theory http://www.investopedia.com/terms/p/presidentialelectioncycle.asp https://en.wikipedia.org/wiki/Unitary_executive_theory http://www.flashcardmachine.com/pad-6060midtermquiz2.html http://www.sourcewatch.org/index.php?title=Unitary_Executive_Theory https://en.wikipedia.org/wiki/Unitary_executive_theory https://en.wikipedia.org/wiki/Unitary_executive_theory
definition of presidential theory