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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (239869)12/14/2013 11:13:37 AM
From: neolib  Read Replies (1) | Respond to of 542039
 
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).



To: bentway who wrote (239869)12/14/2013 1:40:46 PM
From: koan  Read Replies (1) | Respond to of 542039
 
Regan's memoir, For the Record: From Wall Street to Washington, exposes his disagreements with First Lady Nancy Reagan, including the claim that Nancy's personal astrologer, Joan Quigley, helped steer the President's decisions. Regan wrote:

Virtually every major move and decision the Reagans made during my time as White House Chief of Staff was cleared in advance with a woman in San Francisco [Quiqley] who drew up horoscopes to make certain that the planets were in a favorable alignment for the enterprise. [1] [2]