Cabbages: Presidents and the Economy

When it comes to the economy, who is in control?

It is obvious from all of the polls that fly around us, that we are pressured into thinking that the President has a big say in which direction the economy goes.

However, I would assert that while the President might affect the mood of the people, and therefore the economy, his influence is much inflated.

The real indicators of the economy are not fiscal plans (although those do affect the economic well-being of individual countries), but rather monetary policies. Here in America, the actions of the Federal Reserve Bank have more control over the state of the economy than the President (whether Obama or Bush or anyone else).

Taxes might be another issue, but taxes is just a matter of freedom, and hopefully law makers will come to realize that lower taxes and economic freedom should be the norm.

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