Every four years, we look for new changes, a new breath of fresh air, and new hope. Do you think that it will happen if we have a new administration?
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Presidents affect the economy through their political influence in taxation, regulation, spending and FRB interference. That's indirect power, and more strategic than tactical. You're right, it isn't much in the scheme of things, but it adds up.
Politicians win by promising to "do something." When it turns out they can't do much, and what they do doesn't work well, they blame others for it. Obama is a prime example. The public is left with ever disappointed expectations and misdirection.
When you're in a bottomless hole, you're not digging it deeper, you're in freefall. If that's what the US is now experiencing, no president can stop it.
I did not say bottom less pit. I said a bottom less hole that seems there is no bottom that our deficit can reach. Hopefully, They will stop digging.