Quote:
Originally Posted by miraja2
So you actually think the economic growth of the 1980s and 1990s came about because of policies enacted by the men sitting in the oval office during those decades, or perhaps their colleagues in the U.S. capital? If you actually think that, the only thing I can do is refer you to my earlier "magic wand" comment, and call it day. The U.S. president has relatively little control over the U.S. economy. Exactly how much control is up for debate, but it is certainly FAR less than you seem to think.
RR and Bubba receive far more credit than they deserve for the state of the economy during their presidencies.
W. and Obama receive far too much blame.
Oh well.
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I agree. Economies are cyclical. Presidents can implement policies that may slightly help or slighly hinder the economy, but overall there is only so much they can do. They're not going to be able to stop a recession from happening. They may be able to delay it slightly through stimulus and that type of thing, but they're not going to be able to stop it.