Presidential Economy

Jan 10, 2015 03:00


Do presidents really have an effect on the US economy? That question was put to me. Here’s my reply.
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taxes, economy, politics, obama, history, economics

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Comments 19

matrixmann January 10 2015, 10:19:11 UTC
As an outsider, it often appears like the president of the United States doesn't have the influence anymore he once (maybe) had. But this is due to other reasons.
In the end he's only like the dummy who signs the treaties that people with bulging wallets want to have and by signing them he turns a megalomaniacal wish into a worldly law that everyone has to carry the can for.

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level_head January 10 2015, 20:22:17 UTC
I don't think it is that way at all - through crony capitalism IS a big issue. The primary effect of that cronyism now is in two areas: The Obama administration picking winners and losers based on who contributed to his campaigns, and the legalization of millions of illegal immigrants based upon their propensity to vote Democrat and offset the hated "white population".

==============/ Keith DeHavelle

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matrixmann January 10 2015, 20:54:10 UTC
Got the impression like under every president it runs so. (Giving advantages to the ones who voted or donated the money for his campaign.)

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ford_prefect42 January 10 2015, 21:03:41 UTC
The degree varies. Obama has very little respect for process, and not much integrity, so his white house is particularly prone to crony-ism. Additionally, regulatory capture has increased dramatically over the years, so the current president (regardless of who it is), has hugely more tools at their disposal to implement it.

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ford_prefect42 January 10 2015, 15:39:01 UTC
I agree with what you've written here, and have a few things to add ( ... )

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level_head January 11 2015, 01:41:05 UTC
Agreed on all points.

==============/ Keith DeHavelle

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ford_prefect42 January 11 2015, 05:07:54 UTC
I just want to take a moment here to say thank you. I have learned quite a bit from you about how to interact online. From your well-researched and fascinating perspective posts, to how you respond to Yama, to how you responded to me when I have, periodically, made an ass of myself on your journal, you have well and truly lived up to your userid. You've inspired me in many ways to be a better me.

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level_head January 11 2015, 07:31:39 UTC
You're very welcome, my friend. I am a long way from where I would like to be, but I am trying to face in a good direction even if I'm not moving quickly.

==============/ Keith DeHavelle

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