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I read the headlines, listen to the news. The headlines(some) say, " The Economy is Booming Under Trump. " Is The U.S
economy that influenced by who is in the presidential office?
I took a basic economics class you know "equilibrium, opportunity cost, etc.
Would like input from folks who know about this subject.
The economy is heavily influenced by policy. Policy could cover anything from taxes to imports/exports, tariffs, availability of cheap labor (illegals on one end and H1bs on the other). All of these and many more are in play under Trump. His policies, just like Obama's before him, and Bush before him all play on the economy for years.
The president can affect certain sectors through regulation enforcement or lack thereof.
The president appoints the Fed chairman which is his most significant economic power.
Congress is in charge of appropriating and distributing tax money. That has far more of an impact than the president.
To answer the crux of the question - the president has a minimal short term economic effect, moderate long term effect that is more heavily influenced by congress's affirmation or rejection of his policies. If policies are carried over across presidencies, that can have significant blong term effects that may or not be intended.
Changes in policy, regulation, and taxes have boosted the economy greatly. Yes, the executive branch has great influence on the economy of the country.
lol at linking an "economy" to a person especially a president. Are people here really that uninformed and believe the political hype machines presented to them?
It is very complex and complicated............above and beyond what one POTUS can do.
I believe the USA is still druising off of the trillions injected into the economy via all those QEs.
Exactly. The economy is flying because of all the free money injected by the Fed. Trump is trying to selectively limit multinationals by trade restrictions. It will cost consumers more, which will show up as inflation, which will (probably) cause the Fed to put a leash on the money supply. That will bring down the economy. QE ended a while back, but the effects are being felt now. The effects of what we do now won't be felt for 2 or 3 years.
Changes in policy, regulation, and taxes have boosted the economy greatly. Yes, the executive branch has great influence on the economy of the country.
Capital investment numbers have gone CRAZY. Capex numbers trending at 8% growth, GDP at 4.5% growth that is crazy for a 20 trillion dollar economy. We're definitely in the middle of a boom.
Congress and the president did fiscal stimulus at the wrong time as monetary stimulus winds down. U.s to have “Wiley coyote” Moment and fall off the cliff in 2020 according to Ben bernanke.
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