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Can you expand your argument a bit? I would love to see how you arrived at the conclusion that Obama did not pull us back from the brink of a major Recession.
Because its all a bunch of smoke, mirrors, and lies that politicians tell to scare people into voting for them. Economic cycles trump (no pun intended) what politicians do for the most part. Being in office during a recession or recovery doesn't equate them fixing it or causing it.
Even more juvenile is assuming that business cycles are inextricably linked to election cycles — without offering a lick of evidence or even a plausible mechanism for that being the case.
Quote:
The belief that GDP growth or this month’s jobs report provides a meaningful judgment on the performance of the president isn’t economics — it’s superstition. It is the modern version of the ancient belief that a crop failure means that the king has displeased the rain god or the wheat goddess.
But the reality is that presidents have far less control over the economy than you might imagine. Presidential economic records are highly dependent on the dumb luck of where the nation is in the economic cycle. And the White House has no control over the demographic and technological forces that influence the economy.
Even in areas where the president really does have power to shape the economy — appointing Federal Reserve governors, steering fiscal and regulatory policy, responding to crises and external shocks — the relationship between presidential action and economic outcome is often uncertain and hard to prove.
Because its all a bunch of smoke, mirrors, and lies that politicians tell to scare people into voting for them. Economic cycles trump (no pun intended) what politicians do for the most part. Being in office during a recession or recovery doesn't equate them fixing it or causing it.
Can you expand your argument a bit? I would love to see how you arrived at the conclusion that Obama did not pull us back from the brink of a major Recession.
George Washington to George Bush jr..232 years, we racked up $10 trillion in unfunded liability
Obama, in 8 years doubled that to $20 trillion! Thats the equivalent of 2 1/2 times the cost of ww2 in todays dollars.
Please provide some links showing what Obummer did specifically to "pull us back"..
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