Reply To: The official yearly Halloween report

#22092
Robin Vander Wall
Robin Vander Wall
Admin

The media says lots of strange things, no question. But numbers are numbers. And by the numbers, it doesn’t really make much difference who the president of the United States is from one economic cycle to another. We give inordinate credit to presidents for economic performance. An economy as big as ours is like a large ship, it doesn’t respond too quickly to steerage. At the end of it all, it is the US Congress that REALLY sets economic policies that presidents sometimes get credit for. You could elect a bonafide idiot president and it wouldn’t make a whole lot of difference (indeed, we’ve elected quite a few of them over the course of history). Here is a picture of the last 30 years of GPD. Except for the collapse of 2007-2008 (a consequence of Wall Street excess and irresponsible banking schemes), it’s almost like looking at your heart rate: https://narsol.org/wp-content/uploads/2017/09/Screenshot-2017-09-23-20.51.44.png