[FoRK] How Barack...

[Jeff Bone]

On Apr 18, 2008, at 3:47 PM, Kevin Elliott wrote:
>
> On Apr 18, 2008, at 8:14 AM, Jeff Bone wrote:
>> I believe I've made that point here before;  through the beginning  
>> of Bush's first term, over the preceding 30+ years, any randomly- 
>> chosen day under a Republican president was 6x as likely to be  
>> recessionary as any randomly-chosen day under a Democrat president  
>> (all other factors being equal.)  Furthermore, anybody who is  
>> paying attention KNOWS and is INFURIATED BY the fact that the GOP's  
>> rhetoric about "fiscal responsibility" and so forth is a complete  
>> LIE, diametrically opposed to their ACTUAL behavior (over the last  
>> 8 years at least.)
>
> I'm sorry, but the whole idea that any meaningful conclusion can be  
> drawn about presidents "sheperding" the economy is total bollocks.

Yeah, yeah, we've heard that one before too.

I'm not saying the President's got a giant board of switches and knobs  
that precisely controls the economy;  but the idea that there's no  
impact at all is just as blatantly naive (and wrong.)

jb