Quote:
Originally Posted by Moneyguy1
Enlighten me. How does a president directly effet the economy? Can a president be credited with a good economy and pilloried for a bad economy? Is the control of the economy actually under the control of the administration in office or is it essentially driven by outside forces? I suppose it all depends whether your party is in power and how the economy is doing. Economy good, party takes credit. Economy bad, blame outside forces.
Federal Debt limit in US has increased 50% in six years. Someone, someday, will have to deal with this. When? How? Who?
The USSR went bankrupt and folded. Cautionary tale or just another failed state?
Dunno. Wish I did.
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The president, IMO, has far less impact on the economy than we are led to believe. What will happen, it seems, is that economic policies are put into place to bolster political ambitions. It is possible to put into effect policies that will give a spike in the economy at an opportune time, but much like the forces of nature, for every action there is an equal and opposite reaction. The idea is that the negative impact happens after the given election or what have you. There is no free lunch, magic bullet for the economy (at least within government policies). One notable exception would be cutting government spending and making the government smaller, because then the available capital can be used for something besides paying politicians. Good luck getting that to happen (with either party).