Why does Trump get Credit for Economy?
I'm sure if you've heard Donald Trump speak for more than 5 minutes you've heard him talk about the rising stock market coupled with vast economic growth. And not unlike the comments of other politicians, he attributes the entirety of the economy's success to himself. I really have never understood how this makes any sense to voters. Sure, I understand if a politician wants to take credit for "standing strong on immigration" when in fact he or she merely pushed along a partisan formality. I guess that's just politics, and I understand that's how the game is played.
But, it just seems so blatantly obvious that Trump hasn't achieved any policy that would even give the appearance of economic growth. Now that's not to say that he won't attempt to create policy that impacts the economy in the future, but from the people that you hear on the news, it seems like he's the one responsible for driving the Dow higher.
Let me start by saying that every President lives and dies with the economy, this isn't just a Trump issue. Bill Clinton is said to have had one of the easiest presidencies of all time because of natural economic growth, but he would have put an end to the bull market if he got his way. It was those closest to him that told him to pull his foot off the gas that was runaway expansionary fiscal policy. So, I get that the President's success becomes analogous to the success of the economy, but should this be true in our modern political landscape?
Now this post might seem out of touch as it is written shortly after the President just shocked the stock market lower because of his comments about NK, but I see this as a short term effect that should have not be used to justify his economic control. Like many things Trump related, I hope (really really hope) that this blows over.
But getting back to my point, why do people think the Presidency is so connected with the economy? If you wanted to make the argument that the executive branch has the power to make fiscal policy, I would agree with that, but not in this administration so far. Our current President doesn't have the ability to create economic prosperity by virtue of his presence in the Oval Office. Creating lasting policy takes time and cooperation, something that our government seems incapable of at this point. Yet at every rally Trump holds, we talk about the ability the President has to drum up growth.
I'm tired of the charade, but I know it won't change. Voters and the media alike will continue to attributive the natural actions of the economy to the politicians lucky enough to be in power at that moment.
But let me hear it if you don't agree with me, I'd love to hear some other opinions on this one. Personally, I just don't see why people believe our President has anything to do with our current economic success.
He only really gets credit from himself and his followers who are either too dumb to really know or the followers who just ride his dick about anything for partisan reasons. Smart money has been yelling caution for some time now
Edit: Oh I see, the president as a whole getting credit. Well it is the easiest thing to brag about that has the appearance of impacting the average American. I saw appearance because the average American thinks new market highs sound great, but really are not even invested.
Lot if it is driven by confidence in a republican controlled congress. His focus on deregulation has fueled a lot it IMO. Businesses are spending capex dollars and hiring employees due to the expectation of future growth-policies.
Jesus actually lol'd at this +1
In fairness, the market has increased largely because of Trump and Republicans.
As for why he gets credit. BecAuse he takes credit. Kinda like how obama spent years blaming Bush for everything. It's a skilled political move.
Bill Clinton also gets credit for the 2000 boom.
Could you flesh out your first point a little?
don't bother. he just strokes his cock to everything trump and villanova
Aut nesciunt non voluptas qui aut repellat. Sint voluptas illum voluptatem dignissimos fugit dolorem consequatur. Sed recusandae neque quibusdam voluptas sed possimus nulla.
Aliquam tempora praesentium culpa ratione officia. Quis nobis cum qui molestias molestiae soluta. Aut nihil rerum aut perferendis voluptatem laudantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...