And before anyone starts arguing, of course both the president and congress have levers they can pull to affect the economy. The president can, as Trump has, start a trade war. Congress can pass laws that hurt or help businesses, although normally they only hurt/help specific industries that they were paid to hurt/help.
But again, when you actually understand how economies work, both of those "levers" have a relatively small and slow impact. People blame politicians for the current state of the economy, when they really should be blaming politicians from several years ago. And really they shouldn't be blaming politicians at all: they should be blaming the many, many, much bigger factors that impact the economy.
|