Posted by
Tim Blessing on Monday, July 07, 2008 7:44:58 PM
ECONOMY: THE PRESIDENTIAL NON-EFFECT.
Newsweek: Appropriated Title. Personal Opinion.
What can a President do to effect the economy.
Appoint people to economic positions in government, sign/veto economic legislation, and propose economic treaties.
It might be said that the President has some kind of indirect control on a macroeconomic level, but that's about.
He gets the blame for recessions and credit for expansions.
It might be said the President is a symbol of economic confidence or economic stagnation.
In essence, a cheerleader rather than economic manager at least in normal times.