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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Augustus Gloop who wrote (11258)1/10/2009 1:23:34 AM
From: Jorj X Mckie4 Recommendations  Read Replies (1) of 33421
 
it would be hard to blame GWB for the crash of 2000 or 9/11. But then again, I don't think 9/11 is the fault of either party. It is the fault of radical muslims and they would have done it with a dem or rep in office. The crash of 2000 follows the rule of "every boom is followed by a bust" or "every bubble must pop". So if you want to give a president credit for a bubble, then he is the one who gets the blame for the crash. I think that there were much bigger things afoot that the president didn't necessarily have a huge influence over.

I believe that economic policies of a president are usually felt after their term, not during.

but you are right, GWB got blamed for much he couldn't possibly have been responsible for. Obama will likely get a pass for similar things.
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