Bill Clinton Comes To Save The Day!

http://news.yahoo.com/s/ap/20101210/ap_on_bi_ge/us_obama_clinton_9

Yahoo news........ Ugggggggggggggggggggggggggggggggggh /convulses

We should just let slick willy here fix everything.
He did create a booming economy.

Here lol
http://money.cnn.com/2010/12/10/news/economy/Clinton_Obama_Tax/index.htm?section=money_mostpopular

I love the way you put stuff.




Ty, lol.

He didn't create a booming economy. In fact if he did you're directly blamming him for our current crisis. A boom in the economy is an unstable increase.

Indeed he does. I mean who else would have the balls to to nit pick the meaning of the word is when being questioned about sleeping with Ms. cankles?

Didn't people hate Clinton when he was in power?

yeah pretty much the same people who hate Obama now, go fig

I thought Bill Clinton really just rode the Silicon Valley Economic Boom.

That's what my folk always said. I wasn't really too aware of the world back then. Any thoughts?

He also cut military spending alot which kinda freed up a large amount of money.

I would say that was the only thing I liked about Bush was when I was in he raised military spending which resulted in alot of raises for me lol

tied FDR for highest approval rating at end of office, so that's gotta stand for something XD

I loled at this. Is Obama really that desperate that he has to call on a former president to do his speeches for him now?

Presidents are happy to tell you they've given us the dawn of a new golden age when they economy is good and conveniently blame the other guy when it's bad. The dirty little secret is that the president can't do ***about the economy. (Reagan may be an exception since his philosophies on economics became incredibly widespread, including spreading to the people who DO effect the economy)
The American legal system as it pertains to government is meant to be very slow moving, and when you add to that the fact that the economy of a large nation is, by its very nature slow to respond to changes, at best a president may manage to effect the economy in some small degree by the time his successor's successor is in office.
But yeah, any economist worth his weight in ***will tell you that the president has a very nominal effect on the economy at best. Take the crappy economy we have now, you'd be hard pressed to explain why it's all Obama's fault even to me, and I hate Obama.

Clinton, package, full-throated.... Hmmm... I really feel like there should be a joke here.

Funny, cause FDR was one of the worst presidents this country ever had.

Actually very true.

Yeah but he was one of the few presidents in recent history with charisma merits...

I like money :)

My political hero... Who else?

The Prez has no direct powers, but he gets to appoint people who do, such as the Chairman of the Federal Reserve, who sets the interest rates for banks which determines how profitable it is for businesses to expand (among many other things), the Treasury Secretary (who has a say in the affairs of Treasury Bonds, the stuff all money in the world is backed on), and the heads of various federal agencies which regulate subsets of the economy. For example the Secretary of the Dept of Transportation has influence in the long term infrastructure of roads and rail that determine where businesses grow, as well as the actual projects of building that infrastructure which creates its own economic activity.

If the candidates for these positions are selected to be competent, connected, and ambitious, they can execute the President's economic vision very well. But it requires that the President know who the good candidates are, and that he chooses those that meet all 3 criteria. Sometimes people are chosen strictly because they're connected and have no idea how to do the job. Other times they are smart people who can't overcome the personality conflicts within bureaucratic organizations. It's not easy, but the potential for influence is there.

Only real direct power they have is nuke launch codes, and passing/vetoing incoming bills.

The presidents power to appoint is a great boon to his party for politically charged offices, supreme court justices for example. But the offices that really impact the economy aren't politically charged. Lets take your example of head of the FED, how many presidents did Greenspan go through on both sides of the political isle before voluntarily stepping down because he was old and wanted to retire? Plenty. Who was the head during the Bush years? Ben Bernackie. Now of course when Obama took over he shook things up and changed it to Ben Bernackie, whereas if McCain had won it'd be Ben Bernackie instead.

Don't know much about FDRs presidency. But it "ended" during one of the highest moments of patriotism in the US.

Certain presidents have the power to start a landslide of horrible horrible programs, especially in times war, sometimes they can make "deals" that are irreversible and damaging.

Prez can effect the economy with taxes and with setting fees or limits to imports to give strategic advantages to local economy. Also subsidizing some parts of the economy... etc

All of the things you listed above are congress not the president. And as an aside tariffs and quotas can only ever hurt the local economy, not help it.