Quote:
Originally Posted by Bucco
...I dont think Obama had much if anything to do with stocks going up...
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If you truly believe that the economic policies of political administrations have little or no effect on the health of the economy and one of it's key measures, the value of the equity of publicly owned companies, then there's not much purpose in continuing much debate here on subjects having to do with economic decisions made in Washington.
If a POTUS has little or no effect on the good things that happen economically, then it seems appropriate that he not be blamed for the bad things that happen either.
If we want to write off any effect that the policies of the Obama administration have had on economic recovery, that's OK with me. I don't agree, but for the purpose of this forum, it might help frame the discussion.
That being the case, why don't we quit blaming Obama for the high unemployment rate, for the decline in tax revenues needed to fund the government, for the skyrocketing imbalance of payments, and for other economic things that a POTUS often gets tagged with.
All that's OK with me. Don't give the POTUS any credit for good things that happen. But don't blame him for things that don't go so well economically either. That surely will simplify this forum.