Quote:
Originally Posted by Schneed10
I have no idea what you're talking about and it seems you have misunderstood me.
The opening post in this thread seemed to indicate that you were placing blame for the current economy at the feet of Bush and the congress of 2000-2008. And that you were looking for a time period at which you could begin passing judgment on Obama.
My response was neither against nor in defense of President Obama. I'm merely pointing out that one cannot expect the government to have a significant impact on the economy. That IS the historical result. Economies bounce back not because of the actions of their government, but because of innovation by the people, the cyclical nature of business, and the relative health of other economies around the world.
It is the Federal Reserve that has the greatest impact on the economy. But even they have relative little recourse to drive the economy where they wish it to go.
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Fair enough. I guess I think government policy has definite impact, be it activist or laissez-faire(which i prefer). And also that in American History we might be able to see some trends from when Presidents and Congress transitions.