Quote:
Originally Posted by Schneed10
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.
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I specifically said President/Congress- obviously the economy is cyclical and the government's actions simply "buffer" it in some ways. I was really wondering more about HISTORICAL results, then opening another round of "Obama speak". That was already going on in a different thread, or 2 or 3.