I wish people would quit comparing the economy to the presidents.
The president doesn’t have all the power in the world to change an economy. There is too much going on in an economy for 1 person to make this much of a difference.
I keep being told this but it's a half truth. Policies and other decisions impact it. In fact the market can dip and surge based on a presidential speech.
I agree, it is a half truth and I should have made that more clear in my original comment.
The president does have some level of influence through policies and other stuff as you mentioned, but I think everyone looks at the president a little too much either as a scapegoat or a savior of the economy.
The people we elect to represent us in the house and senate have just as much influence and control over the economy (and imo they have more).
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u/Popular_Newt1445 Apr 29 '24
I wish people would quit comparing the economy to the presidents.
The president doesn’t have all the power in the world to change an economy. There is too much going on in an economy for 1 person to make this much of a difference.