It's The Federal Reserve , Stupid ! | WHAT REALLY HAPPENED


It's The Federal Reserve , Stupid !

Here’s the biggest myth about the ’Trump economy'
Nearly every media outlet repeats this idea constantly, but it's just not true.

***
The president doesn't control the American economy. It's an obvious fact, but it's worth emphasizing because a great deal of discussion about presidential politics and administration policy takes as a given that the president does control the economy.
***
He didn't, he can't, he won't.

Republicans used to acknowledge this. They used to say explicitly, "Government does not create jobs." Now they say, without a hint of irony, not only does government create jobs, but Trump himself is personally responsible for every job created in the country.
***
Of course, the government does take steps to manage the economy. The Federal Reserve plays the largest direct role in this on a day-to-day basis, and the president appoints its leadership on a staggered schedule (though Trump, interestingly, currently despises his own Fed chair's policies!). Congress also passes laws that have significant impacts on the economy>>>

(*if this article sheds light on anything it's the perpetuating of The Federal Express being part of The U.S Government malarkey )

Comments

Republicans used to

Old_Logan

Republicans used to acknowledge this. They used to say explicitly, "Government does not create jobs."

(*That was for both Bush economies .
Bush1 started to tank Regan's semblance of a good economy , which Republicans , and the presently labled Democrat media refered to as Reaganomics . Their chanting of The President not controling the economy had to be sustained through Clinton's tenure , as it went from zero to 150 , topping Reagan , however they broke protocol to point out that Clinton DID reform the economy , but , as we are reminded daily , illegally . It was Bill Clinton , after all .
Bush2 wiped whatever it was that happened under Clinton off the face of the globe , and we all took our $350.00 check to wall*mart , like he told us to , and he handed off that sunken ship to Obama , which on Obama's innauguration , put an end to the practice of claiming The President Doesn't Control The Economy .
Trump kind of proves that it's BEX! that people want to hear , or Arting Up Of The Deal for his followers , that controls what they think is going on with the economy , wgich , as the old adage goes , is Good Enough for Government Work !
We'd need to bust a cap to get them to see how weak the economy actually is .
You don't even need the They Live glasses to see it )

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA