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It really shouldn't be very surprising. Every time we are in a major long term war, unemployment goes down. We need people to build new planes, bombs, bullets, guns, rocket, trucks, etc. I'm not sure it is worth the exchange. Add in the number of people working to rebuild the Gulf Coast and it all makes sense.
But, I do agree with Blackadder that a President has very little to do with the economy or unemployment rates. That is of course unless he does something to hurt it, i.e. Clinton's crusade against Microsoft or appointing the wrong head of the Federal Reserve. IMO, the only thing a President can do in regard to the economy is hurt it.
That's about the size of it. But if he sells an ill advised policy, he's not alone. He's got to get Congress to pass his legislation. In which case there is plenty of blame to go around.
Does Congress have to approve the Fed Chair???
Everything has been juiced to a degree by deficit spending in "pump-priming" all along.A couple trillion here and there and we will return to those low unemployment numbers one day.
No President deserves as much credit or blame as they get for the economy.
Our 11 $trillion (up to 15 yet?) economy is not subject to micromanagement to anyone in the Oval office. It is a misperception.
Voters blame the President when things are going poorly. President's take credit when times are good, or at least not bad.
It should be neither.
Surely the liberal media wouldn't report any good news which might help the incumbents.
I think a lot of this growth has to do with lower gas prices.
Lot of names on this thread that haven't been seen in a while.
Ahhh, the good old days.
True dat.
True dat.
True dat.