Of course the President and most economists disagree with you, but maybe that proves your point.
I've been pondering where this myth came from about the President having no impact on the economy. I have an idea and if I can gel it, I'll start another thread.
In the meantime, here's what the leaders of the nation think is happening. Boy won't they be surprised when they find out there is no effect.
Quote:
President Bush, trying to ease turmoil in financial markets, said Monday that his administration is "on top of the situation" in dealing with the slumping economy.
"One thing is for certain, we're in challenging times,' the president said after meeting with Treasury Secretary Henry Paulson and other senior economic advisers. "But another thing is for certain: we've taken strong decisive action."
The president commended the Fed for its urgent actions over the weekend. He said that "we've shown the country and the world that the United States is on top of the situation."
Bush, surrounded by his economic advisers at the White House, said his administration is monitoring economic developments closely.
"When need be, we'll act decisively," Bush said, without indicating any other steps his government might take.
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Bush: US Is on Top of Financial Crisis