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Tafkam Hokie

Joined: 10/07/1999 Posts: 35179
Likes: 13640


They probably deserve more credit and blame than you give them


But not because of any actual policies.

The one true power the POTUS has is (s)he own the pulpit for the country. They have the ability to affect the mood and attitude of its citizens and businesses.

And when you get right down to it, the economy is far more heavily influenced by the opinion and perception of what will happen in the near term than by any actual policies or events. That is why indexes like consumer confidence and hiring/purchasing projections are good indicators of where the economy is going. When the people who spend money are optimistic, they spend money. When they aren't, they don't. And either way, the economy as a whole follows.

This admin has implemented very, very few tangible pro-business policies. But there is the perception that it will be pro-business, so businesses are flourishing.


(In response to this post by `lag)

Posted: 12/18/2017 at 4:39PM



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Current Thread:
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