Posted by
Tim Blessing on Thursday, March 27, 2008 7:20:33 PM
First and foremost, Presidential Candidates don't want to disrupt the economy during an election year.
Second, radical candidates who want to do surgery on the economy get elected only in crisis years like 1980 or 1992.
Third, the economy has slowed down dramatically, but is it stagnation or recession.
Stagnation in growth with rising unemployment although on the second point it hasn't reached crisis proportions.
How do you manage an economy as large as the United States in an election year.
As Doctors say, First, do no harm.
We know the financial sector is in bad shape, but no one know's what to do about it.
It would help to look at all the indicators, polls, and past history of economics to see where the economy stands.
The Financial Services Sector need's some type of government oversight, but direct control over this sector of the economy could be disruptive.
The place to look would be the Sherman Anti-Trust Act of 1890 or the Federal Reserve Act of 1913 or The Act that created the Securites and Exchange Commission in 1930s.