Originally posted by AKcurly
Concerning economic growth, what is your metric? Here's a simple one. Take the value of your stock market investments around year 1999 and compare them to todays values. I don't know about you, but someone swiped around 30% of mine.
curly
But your trying to blame the Stock market on the president. Fact of the matter is and contrary to what people like to think is the president doesnt control the market OR the economy. He may institue policies to help try to influence it but thats more a matter of luck then an exact science.
Presidents get way too much credit for a good economyand way too much blame for a poor one.
the econmy is going ot do what the economy is going to due reguardless of who is in office
had the roles been reversed and bush been in office when Clinton was and vise versa the ecomomies during both administrations would still have gone exactly the way they did.
I remember before Clinton took office the economy was already starting to turn up and all the major economists were saying that "all Clinton had to do to help the economy was absolutely nothing."
I remember Greenspan being quoted as saying about the runaway economy "I'd like to stick a pin in this bubble"
I also remember well BEFORE the election the economy was already on a downswing before Bush was elected.
Now if your going ot say Clinton was responcable for the good economy you would also have to blame him for convincing people to buy $50 stock that was only really worth $10 which is in a sence what happened.And in the end something had to give.
And it finally did
Thing is every big upswing is always followed by a big downturn. Doesnt matter who is in office.
Mickey Mouse coulda been in office in the 90's and Bugs bunny now or vise versa. And the market, and the economy would still be exactly where it is now.