Quote (Black XistenZ @ Dec 8 2020 06:04pm)
The emphasis was clearly on "Obama's economy", as in "the economy that Obama created and deserves credit for, not Trump". If presidents have little to no control, talking about Obama's (or Trump's or Bush's) economy is unfounded.
Quote (Thor123422 @ Dec 8 2020 06:49pm)
Or it just means "the economy under Obama". The point of the argument was that Trump didn't do anything meaningful to change the economy and the trends that were in place under his presidency were a continuation of the same trends under Obama. How much control a president has is pretty much irrelevant, and the statement that Trump continued trends already present is incontrovertible.
Maybe we could strike a middle ground where the president's actions(and the Fed's) do influence the economy, but trends are relevant too and the deficit matters as well.
I'm a novice on economics but this is the position I'll hold until proven otherwise.
This post was edited by IceMage on Dec 8 2020 06:28pm