Quote:
Originally Posted by CRedskinsRule
I have a simple question: Historically, how long does it take for a President/Congress' actions to show up in the economy?
Clearly, the current economy lays at Bush and the last Congress' feet. So, legitimately, at what point does the situation fully rest on Pres. Obama, and this Congresses feet?
I believe it would take a minimum of 4 months to judge initial results, and by 1 year, it would be 80-90% of the current crews choices. Does anyone else have an opinion, or economic data to let me know. Thanks
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It's a major fallacy to think the President of the United States can have a significant impact on the economy in the first place.
There are things they can do, but prevent a recession, or pull us out of one? Impossible. Most of the economy is way out of the government's hands.
The most impact you can expect from lawmakers is to provide the stimulus to shorten the length of a recession. When it takes effect?
Very hard to say. Most top economists think with a stimulus package the economy will bounce back in 2010.
But it would eventually bounce back even without a stimulus. It just might take longer.