Sullen91 profile image 83

Why do Americans think the president has the say on the performance of the economy?

Watch the documentary called "The Warning" on PBS in Google. Notice how Greenspan (former fed chairman) is noted as saying the government has no business regulating even "FRAUD", because the "markets" will take care of it. These people control economic policy. They set the benchmark interest rates that affect everyone who has debt. Most people owe money -- on a mortgage, student loan, car note, credit card, etc. Who do you think holds more sway over the economy? We got a lot to learn if we think the president has any more power than 2 take credit 4 good times and lay blame for bad times.

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MickS profile image76

MickS says

4 years ago
  • Old Empresario 4 years ago

    I'm all for the term "United Statesers"

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crazyhorsesghost profile image86

Thomas Byers (crazyhorsesghost) says

4 years ago
  • Sullen91 profile image

    Sullen91 4 years ago

    Wat u say is true b/c it's about debate over potential stim funds. The pres want stim funds to stim a down economy -- to mitigate damage. Overall, the econ will stay bad nway. When it recovers, it wont b b/c of the pres. Point: pres can't affect econ