Quote (Thor123422 @ 1 Sep 2017 21:07)
They would be irrelevant if you did
you blame trump for "not having done anything", and argue that he therefore doesnt deserve praise for the solid economy. this is a flawed argument, because presidents generally only have a modest influence on the economy unless they totally fuck something up. remember the great 90s economy under bill clinton? it had more to do with the baby boomer generation hitting its prime earning years and with the "peace dividend" due to the end of the cold war than with what clinton did.
fact of the matter is: obama didnt do much for the economy either once the immediate crisis response and rescue packages were passed at the beginning of his presidency. the economic trajectory since then has been mostly debt-driven. if there is anyone who should get the bulk of the praise, it's the FED, not obama or trump. also keep in mind that the US population is growing rapidly which is "naturally" driving growth rates. if the population grows by, for example, 1% per year and the growth rate of the economy is 3%, then roughly 1 of those 3 percent is due to the population growth and not due to a substantial improvement of the economy.
so actually, we should praise neither trump nor obama too much for the current economy. but if we do, the distribution should currently be between 50/50 and 66/34.
This post was edited by Black XistenZ on Sep 1 2017 01:20pm