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Originally Posted by Storekeeper Quote: |
Originally Posted by Milkman
The economy is too complicated and globally interdependent to focus on the Executive and Congressional branches. | You still aren't going to convince me that Presidential policies don't have an impact on the economy. That's horseshit. How do you explain away tools like tax cuts to have an effect of the economy ? |
I agree with you SK, that targeted tax cuts influence the economy. In particular, in certain industries.
But overall, there are so many factors today that we can't say (or that economists can't say this) that the overal macro-economy is doing well or badly because of a particular Executive or Congress.
Presidents have the best team of economists with them for constant briefings.
Also the Federal Reserve (FMOC) and the Chairman.
Most veteran members of Congress, and definately the high majority of Senators of both parties are very well versed on macro-economic fundamentals.
It's basically a prerequisite for governing in these times.