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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (65354)	1/10/2003 8:48:34 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 281500

Presidents select the administration personnel which in turn recommend various policies including economic policies which do influence the economy. See today's Dick Cheney speech were he exactly makes this point. The President and I understand that the government does not create wealth and it does not create jobs, but government policies can and should create the environment in which firms and entrepreneurs will take risk, innovate, invest and hire more people. whitehouse.gov Time will tell if the Bush economic policies will be able to undo the present economic environment set by Clinton economic policies. One best example of presidential policy influencing the economy is the lack of enforcement of the SEC laws and harsh punishment of the offenders. This lack of enforcement of SEC laws served as fertile soil for the frantic stock market bubble and overspending which brought us to the present situation. If during the Clinton years and later Bush administration the administration policy would had been one of strict enforcement of SEC law we would have not witnessed the huge appreciation of "bubble stocks" and the heavy losses in the aftermath. IF pension funds would had been proper policed then they would not be under funded as many are now. Interest rates would had been higher and the economy on stronger footing.