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Why Do We Blame the President for Economic Crisis?
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Why Do We Blame the President for Economic Crisis?
Let’s forget about Obama for a minute. When a say “the president,” I’m not talking about Obama, US presidents in general. I did an independent study and calculated that since the Panic of 1797, the US has been in either a recession or a depression for almost 1/3 of the time we’ve been a country. So this has nothing to do with whether the republicans (found. 1854) or the democrats (found 1828) are in control. It isn’t due to the diabolical machinations of the Federal Reserve, which did not even exist until 1913. In fact, according to economists fluctuation is just a natural part of the business cycle. So I wonder, was it something Clinton did to bring about the surplus? Was it something Bush did to bring about the deficit? Is it the president’s job to create jobs? Was the guy right who blamed the president when I paid $1 for 1 orange?

https://en.wikipedia.org/wiki/Business_cycle
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Why Do We Blame the President for Economic Crisis? - by Rhondazvous - November 6, 2015 at 10:53 am

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