Sentiment Analysis of the Economic Report of the President in the United States:What Determines Economic Recognition?

Abstract

The U.S. president influences the economy in many ways. However, the question of how the president perceives the economy has not been sufficiently analyzed, despite the fact that the president plays an important role in this mechanism. Using the Economic Report of the President of the United States as a case study, this study examines how the president perceives the economic situation. First, we conduct a sentiment analysis of the Economic Report of the President and quantify the positivity and negativity of the Economic Report of the President for each year using polarity values. We will then conduct a multiple regression analysis using this score as the dependent variable to analyze the factors that define the positivity of the President's economic perception. The results of the analysis showed that it was the unemployment rate, not political factors such as Congress and elections, that defined the president's economic perception.