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Politics : Politics for Pros- moderated
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To: SBHX who wrote (75748)10/8/2004 12:25:33 PM
From: Ilaine  Read Replies (1) of 793903
 
There are some real things that real Presidents living in the real world can really do to improve the economy.

Most important - given that Congress makes the laws but the President executes them, the most important thing a President can do is make the government more efficient. Efficiency lowers costs for everyone.

Also - given that the President proposes the annual budget but Congress decides what to allocate, it's important to forecast wisely and help Congress allocate well.

Also - given that the Federal Reserve system administers monetary policy, it's important to appoint good people to the Board of Governors of the Federal Reserve. The President appoints (and the Senate confirms) the members of the BOG and the Chairman of the BOG (these days Alan Greenspan). Most people don't seem to understand that the Fed is the quasi-government agency which administers monetary policy, or that it's in large part independent of day-to-day tinkering by Presidents OR Congress. Thank heavens.
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