The Power to Fix the Economy Rests With the Next President

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  • Posted By: TheVigil @ 06/29/2008 12:40:28 AM

    The failure of George W. Bush's presidency has largely not been with most of the factors adversely affecting us, which as the author notes are somewhat beyond the president's control. The failure has been one of malignant neglect - a failure to take any effective *responses* to these factors or even to be aware of them in a larger context. Mounting world demand for oil, the subprime fiasco brought on by irresponsible lending, failing infrastructure - I think all of these things caught the Bush adminstration flatfooted, then just completely passed them by. The entire administration is more or less in a bubble when it comes to anything outside their own concerns.

    The most powerful directly attributable costs, I think, are related to Bush's 8-year march backwards against environmental regulation. This presidency's duration marked the beginnings of true awareness of climate change and the urgent need to do something about it; Bush has effectively thrown the engines into full reverse and accelerated petrochemical use without regard for the consequences. I refuse to believe that the extreme weather happening *all over the world* has nothing to do with our greenhouse gas output.

    • Posted By: Concerned Ctzn @ 06/30/2008 8:43:54 PM

      RE: "I refuse to believe that the extreme weather happening *all over the world* has nothing to do with our greenhouse gas output."

      Like I mentioned above, it's no longer called Global Warming. It's now called or referred to as Global Climate Change.

      Also known as Global Climate Manipulation (GCM).

      So here's the million $$$ question:

      Are the folks that are toying with Mother Nature doing it for the good of mankind? (China has promised or guaranteed no rain during the Olympics Opening Ceremony. Wow! Pretty cool huh?)

      OR

      Do these folks have something a little more nefarious in mind?? (Seeding the clouds huh? With what? hehehe)

      You decide!

  • Posted By: Concerned Ctzn @ 06/30/2008 8:04:11 PM

    Global Power Rankings:

    1. Corporatism/Lobbyist (the quest for pure Geo-Privatization*)
    2. Country Leaders (Presidents/Prime Ministers/Queens/Princes, etc)
    3. Congress/Senate (foreign equivalents)
    4. Skip the rest until ...

    100. The People


    *Note: Why is GP so important? Less or "NO" Gov. accountability! Let's privatize our military! Bingo: Blackwater! Just one of many examples. What's next? Prisons?

    Now I'm not suggesting that all Corps are bad or evil. Actually, to the contrary! Without Big Corp we don't have jobs & healthcare. Right?

    But! That doesn't mean that Big Corp (aka: Members of the Global Elitist Club) don't get a little too greedy and corrupt at times. Generally speaking, I don't like Big Gov. sticking their nose into every little thing, but we do need some gov. oversight (watchdogs/referees).

    Otherwise, we all know what happens: Elaborate Stock Market Schemes (dotcom & derivatives bust), Mortgage Meltdown (Subprime my A**), Credit Crunch (no mo' easy money folks). It's called take the money and run by a selected few! While others crash and burn!!

    Gee, I wonder what???s the next money-making Ponzi Scheme they're gonna create?

    Hint: Go Green! (Global Warming? Nah, more like Global Weather Manipulation!)

    Personally, I think it's great. My philosophy: Better safe than sorry! By going Green we'll create some new jobs, make more of our greedy politicians richer with green technology investments, clean up our skies while every other country continues to pollute it, but most importantly ... hopefully we'll develop some viable alternative fuels real soon and kick our Black Gold addiction!

  • Posted By: tippology1 @ 06/30/2008 8:38:05 AM

    O but wait, Barack (Makavelli) can fix anything. This is what the American people thinks and by his talks of higher taxes and free education our economics will be lost for at least the next 10 yrs. People are just plain stupid to support Obama and his economic plan, and for the life of me I thought at least the people who have an higher education would see through all his BS, but I stand corrected. America is looking for someone or some party to blame for our own mess and this year it's the GOP Party. When in fact we have cause this economic crash our selves by not keeping up with the changing global market. George Bush is not to blame for America not updating our rail ways systems, or taking our infrastructure and making it more durable, more futuristic, and giving our too many loans to first time home buyers who can't keep up with the payments. We as American's are to blame for our problems and now you want to put a guy in office who has no clue on how to run a country much less his name. I hope now that he does get elected and he make such a huge mess that it's unable to be fix, that way I can tell you I told you so....O and by the way I have been wanting to badly for someone anyone who knows the senator directly to write me back, I have a ton of questions for him. I figure of is bold enough to run for office he surely can answer some questions. I have wrote the McCain camp and I got a response, why not from Obama.......McCain, 08

  • Posted By: Cazador1972 @ 06/29/2008 7:09:23 PM


    While this article can't decide whether to say the president has a lot of economic power or not, the administrative role of the Executive office and its priorities have a major effect on the economy. In a free trade country it might be less influential, but only pretend to be one.

    We have spent almost a trillion dollars in Iraq since the beginning of the war. We have done so by financing it with borrowed money (which *gasp!* will have to be paid at some point), an obscene tax breaks that only really favors the super rich and no sacrifice asked of the American people in financing this disaster. We have spent more on Iraq than on any single American state. This was possible because of a very aggressive president and a spineless, eunuch, rubber-stamping congress. How is not the president crucial to the economy then? Could the housing disaster have been avoided, or at least mitigated, if there had been some type of responsible oversight?

    The president role can as easily be underestimated as overestimated. The fact remains that it doesn't matter how rich one is if when administering a budget one is as irresponsible as a drunken sailor with a credit card.

    The president matters to the economy a whole lot.

  • Posted By: collegevoter @ 06/29/2008 6:27:05 PM

    With THIS president? Yeah he's definitely useless. On pretty much everything.

  • Posted By: eddiewhere @ 06/29/2008 5:39:56 PM

    WHOEVER THINKS THAT THE PRESIDENT DOES NOT HAVE AN ENORMOUS INFLUENCE ON OUR ECONOMY KNOWS NOTHING ABOUT THE "WAY THINGS WORK" IN WASHINGTON AND NEW YORK.

    THE PRESIDENT'S DECISIONS on a DAILY BASIS DIRECTLY AFFECT THE ECONOMY. JUST ASK BUSH JR. WHEN HE WAS WORKING FOR HIS DAD DURING THE LATE 80' early 90's.

    THE PRESIDENT HAS an ENORMOUS INFLUENCE ON ECONOMIC POLICY and the ECONOMY AS A WHOLE. I KEEP FORGETTING THAT A LOT OF PEOPLE JUST DO NOT UNDERSTAND THE WAY THINGS WORK IN WASHINGTON AND NEW YORK.

  • Posted By: alvinernest @ 06/29/2008 9:51:13 AM

    and when I refer to stockpiling I refer to finace as well, in fact especially finance!!!!

  • Posted By: alvinernest @ 06/29/2008 9:47:26 AM

    The power to fix the economy is of course headed by the president, but real progress will come from grass roots principles and support from the American people for all things American. The German economy is a beacon of economic success in Europe and the world - with its successful manufacturering sector... but the German economy is underpinned by the loyalty of the German people for all things German and of course the market protection that the German language offers... I think America needs only to reaffirm its commitment to American products - I think this will come from highly distributed manufacturing across America that will expell cost associated distribution and offset that cost against higher American manufacturing cost compared to China and India... that is a huge cost and accounts for more than 50% of market prices - such a strategy could resurrect Western/American manufacturing... but this is not someting that the next president/administration can achieve independently... its must be driven by the will of the American people to shun the motives of large business that constantly seek to reduce cost through centralisation (in lower cost environments e.g. China, India) in move towards a small business ethos as a strategy towards an infrastructure with inherently greater distribution, in order to lower the price of goods "made in America"... There is a great philosophical shift here, it is one that recognises that government should do all in its power to limit wealth stockpiling in centralised points... although the capitalism permits and encourages the stockpiling of wealth it does not precude the need for physically keeping that wealth distributed geographically so as to ensure that all Americans are never too far from the stockpile... this must become a madate of the next government... I believe that Obama's change agenda and his funding structure (limiting large business influence) are clear and needed ingredients to enabale our future economic prosperity...

  • Posted By: C. MacLean @ 06/28/2008 10:05:03 PM


    Did we really think going to war against an oil-producing country wasn't going to affect the price of oil? Did we really think that cutting taxes but running the defecit sky-high on two wars wouldn't cause all kinds of problems?

    No, the president may not have the power to fix the economy, but s/he can damn sure screw it up.

  • Posted By: 492494762@qq.com @ 06/27/2008 11:34:00 PM

    It is true. The economy thrives when government policies are well tailored, and it stagnate or goes down to toilet when you have some idiot running the country and burn tax dollar in meaningless wars.

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