Quote:
Originally Posted by texdav
No politican can save our economy. They spend money and have plans to spend alot more. The FED has more to do with controlling inflation and interest rates but also can not save our economy. It is the business cycle and us that have really effected our economy. Mostly us this time as we have been living on borrowed credit too long and buying houses many couyld never afford. People need to take more responsibilty and we need to save more.That way everyhime the economy cycles we don't have to look for someone else to blame but can weather it out.There is no dream team as far as the economy.
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I quoted the above post because it is by far the most intelligent post thus far and I agree with every word of it.
The natural state of an economy is that it goes in cycles much like a diagram of a radio wave, up and down. Bill Clinton gets a lot of credit for a good economy, but most economists give a large part of the credit for his succes to decisions made during George H.W. Bush's recession. Another little known fact is that from 2000-2007, unemployment levels were lower than during the Clinton years.
My point is that we, as citizens, have much more control on the economy than any President, and most citizens, even on here don't quite understand it (and I'm not claiming to fully understand it either). We'll probably go through the upcoming recession, and then experience economic growth again no matter who the president is, because that's what naturally happens. I personally tend to worry moreso about increasing federal debt with either Obama or Clinton and all their federal programs proposed thus far. I don't think there is a perfect economist to choose from, but whichever candidate is elected will probably have a good market come re-election time in 2012, because that's the natural flow of a Capitalistic economy.
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