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Ben Bernanke and the Federal Reserve. Prior to that, it was Alan Greenspan. Prior to that, it was Volker.
Presidents have no real power. They are just mouthpieces and figureheads.
At best they can create a seemingly hostile or friendly environment towards business and customers. Our economy depends heavily on consumer-confidence. If people feel confident about the future, they spend money.
The current "bubble", is the result of a rise in consumer-confidence, mixed with promises(and delivery) of tax cuts.
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