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Politics : View from the Center and Left

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To: bentway who wrote (239869)	12/14/2013 11:13:37 AM
From: neolib	Read Replies (1) of 542058

If you want to compare the Presidents effects on the economy look at the two graphs at this link: calculatedriskblog.com The key point on the 1'st graph (private sector) is to note that the slope of all the curves, during growth periods, are essentially equal. It is a very great mistake to look at the cumulative for any President because the starting conditions are different. Some entered office while growth was already underway, so the curve starts out as an upward line, while others suffered through the downtrends. The point is that no president has much impact on the rate of change of this aspect of the economy. Its kind of like a constant of the American economy. Now compare that with the next graph, public sector. That helps make it clearer how everyone but Obama helped grow their economy faster. Yet the right who wants smaller government, yells at Obama for not ending the recession sooner and getting more jobs. LOL! This is the one sector that the government does have fairly direct control over (although at the price of debt accumulation).

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