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I was listening to Rush on the radio today and he was telling us that the President has basically no impact on the nations economy. Is this true in your opinion?
I disagree because the President has a strong impact on:
Government Spending (which impacts our economy)
Deficit Spending
War and Peace (How would the decision on Iraq impact our economy?)
Influence on the Federal Reserve Decisions (including who to elect)
Regulatory decisions (stricter enforcement of anti trust and consumer laws would have changed our economy)
Who runs the Federal Agencies
Faith in our leadership impacts the Stock Market
Promotion of weak dollar and strong dollar policies
Once ton of people will give up liberties for security, they give more authority to the president. Like Lewis Black said: "I gave Bush a lot of rope, and he hung all of us with it."
Rush is correct. (and the fact that your name is "teacher" and your asking us this question.. scares me).
Quote:
Originally Posted by Good_Teacher
I was listening to Rush on the radio today and he was telling us that the President has basically no impact on the nations economy. Is this true in your opinion?
I disagree because the President has a strong impact on:
Government Spending (which impacts our economy)
Deficit Spending
War and Peace (How would the decision on Iraq impact our economy?)
Influence on the Federal Reserve Decisions (including who to elect)
Regulatory decisions (stricter enforcement of anti trust and consumer laws would have changed our economy)
Who runs the Federal Agencies
Faith in our leadership impacts the Stock Market
Promotion of weak dollar and strong dollar policies
Government Spending (which impacts our economy)
The president does not spend money. Congress does.. He can only veto spending.
Deficit Spending
The president does not spend money. congress does, he can only veto spending.
War and Peace (How would the decision on Iraq impact our economy?)
The president does have power to send troops overseas, but he does not have the power to conduct "war" without Congress approval. Yes, sending troops overseas does spend money, but if your talking about spurring the economy, military troops being deployed does not spur the economy.
Influence on the Federal Reserve Decisions (including who to elect)
Yes, he does nominate individuals of power, (along with the unwritten rule of do what he wants or else be fired) but Congress must approve the individuals, and once those nominated get the job, they have full reign. They can be fired for making the wrong moves, but thats only after the fact.
Regulatory decisions (stricter enforcement of anti trust and consumer laws would have changed our economy)
The president does not create laws.
Who runs the Federal Agencies
Federal agencies
Faith in our leadership impacts the Stock Market
Actually the stock market adjustments happen when Congress changes.. very little changes ever happen over the president.
Promotion of weak dollar and strong dollar policies
This is the Federal Reserve, and spending issues. The deeper the debt, (note above for who creates debt) the lower the value of the dollar.
Yes, the president holds a lot of power for things like Veto's.. but when Congress wants something, the president is pretty much powerless to stop it.
Rush is correct. (and the fact that your name is "teacher" and your asking us this question.. scares me).
Government Spending (which impacts our economy)
The president does not spend money. Congress does.. He can only veto spending.
Deficit Spending
The president does not spend money. congress does, he can only veto spending.
War and Peace (How would the decision on Iraq impact our economy?)
The president does have power to send troops overseas, but he does not have the power to conduct "war" without Congress approval. Yes, sending troops overseas does spend money, but if your talking about spurring the economy, military troops being deployed does not spur the economy.
Influence on the Federal Reserve Decisions (including who to elect)
Yes, he does nominate individuals of power, (along with the unwritten rule of do what he wants or else be fired) but Congress must approve the individuals, and once those nominated get the job, they have full reign. They can be fired for making the wrong moves, but thats only after the fact.
Regulatory decisions (stricter enforcement of anti trust and consumer laws would have changed our economy)
The president does not create laws.
Who runs the Federal Agencies
Federal agencies
Faith in our leadership impacts the Stock Market
Actually the stock market adjustments happen when Congress changes.. very little changes ever happen over the president.
Promotion of weak dollar and strong dollar policies
This is the Federal Reserve, and spending issues. The deeper the debt, (note above for who creates debt) the lower the value of the dollar.
Yes, the president holds a lot of power for things like Veto's.. but when Congress wants something, the president is pretty much powerless to stop it.
The president has minimal if any) impact in & of himself. Now, legislation he signs (like NAFTA, tax increases) may have an impact down the road, but I would hardly attribute that soley to the president.
Traditionally, presidents have taken too much blame for a weak economy and too much credit for a strong economy.
I would put it this way - if the president has ever taken credit for good economic times, it's only fair to also blame him for bad times. If the president has consistently maintained a line that "the president has little if any effect on the economy," then it would not be fair to blame him.
Rush is correct. (and the fact that your name is "teacher" and your asking us this question.. scares me).
Government Spending (which impacts our economy)
The president does not spend money. Congress does.. He can only veto spending.
Deficit Spending
The president does not spend money. congress does, he can only veto spending.
War and Peace (How would the decision on Iraq impact our economy?)
The president does have power to send troops overseas, but he does not have the power to conduct "war" without Congress approval. Yes, sending troops overseas does spend money, but if your talking about spurring the economy, military troops being deployed does not spur the economy.
Influence on the Federal Reserve Decisions (including who to elect)
Yes, he does nominate individuals of power, (along with the unwritten rule of do what he wants or else be fired) but Congress must approve the individuals, and once those nominated get the job, they have full reign. They can be fired for making the wrong moves, but thats only after the fact.
Regulatory decisions (stricter enforcement of anti trust and consumer laws would have changed our economy)
The president does not create laws.
Who runs the Federal Agencies
Federal agencies
Faith in our leadership impacts the Stock Market
Actually the stock market adjustments happen when Congress changes.. very little changes ever happen over the president.
Promotion of weak dollar and strong dollar policies
This is the Federal Reserve, and spending issues. The deeper the debt, (note above for who creates debt) the lower the value of the dollar.
Yes, the president holds a lot of power for things like Veto's.. but when Congress wants something, the president is pretty much powerless to stop it.
WELL SAID!!!!!-BRAVO TO YOU--STANDING OVATION!!!!!!!
The president has minimal if any) impact in & of himself. Now, legislation he signs (like NAFTA, tax increases) may have an impact down the road, but I would hardly attribute that soley to the president.
Traditionally, presidents have taken too much blame for a weak economy and too much credit for a strong economy.
The president can not sign NAFTA, or Tax increases, if Congres does not first pass it, and then give the president the bills to sign.
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