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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (152215)9/24/2002 1:34:43 PM
From: i-node  Read Replies (2) of 1576159
 
but the president has almost as much to do with it as congress.

We disagree. Congress, by its own admission, controls the purse strings and legislative agenda. So the president can take a leadership role, as Bush did on the tax cuts, and under normal circumstances, he may be able to affect the economy in that sense. Also, to the extent he can use the bully pulpit, he has some control.

However, consider the current situation, where you have a totally obstructive Senate. Assuming there IS anything the president can do, he is effectively prevented from doing so. This is a much more powerful restriction than is the corresponding restrictive ability of the president (i.e., the veto pen).

Congress can originate a bill to increase the Investment Tax Credit, accelerated depreciation, or Work Incentive Credits -- any number of economic spurs. The president can only SUGGEST to Congress that they originate such a bill.

How is it you believe the president directly influences the economy?
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