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Why do Americans think the president has the say on the performance of the econo

  1. Sullen91 profile image79
    Sullen91posted 5 years ago

    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.

  2. crazyhorsesghost profile image77
    crazyhorsesghostposted 5 years ago

    Our American President in most cases has very little say in what goes on. When one party controls congress and one party controls the senate a president pretty much can't do anything.

    1. Sullen91 profile image79
      Sullen91posted 5 years agoin reply to this

      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

  3. MickS profile image73
    MickSposted 5 years ago

    What Americans is that then, Mexicans, and the president of Mexico, or one of the other, many American countries, north or south, that have a president as head of state?

    1. profile image0
      Old Empresarioposted 5 years agoin reply to this

      I'm all for the term "United Statesers"

    2. MickS profile image73
      MickSposted 5 years agoin reply to this

      Mmm, or perhaps United Statsians. For a citizen of the US to call himself American,  Is no different than a Nigerian, calling himself, African. It just means a native of the continent of America, which like Africa is vast with many countries.

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