Presidents matter to the economy, but a bunch of other actors do, too.
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GOP Senate with a Dem President seems like the best combo
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it also elevates the POTUS to some magic talisman that gives us bountiful harvests, if only we erect the correct golden calf.
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The best pet peeve is that federal policymakers outside of the Federal Reserve only have limited leverage on economic performance and supply-side macroeconomics are totally broken. Would love to see GOP action on supply-side microeconomics (especially housing/healthcare).
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The real problem is the small sample size and idiosyncracy of historical eras. FDR had a global war economy, so exponential growth was a given. Obama had the aftermath of the 2008 crisis and a Congress unwilling to pass sufficient stimulus. A protracted recession was a given.
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It’s just too easy to attribute these differences to things other than the partisanship of the President.
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To be fair, when was the last time that Congress actually performed a substantive role in setting policies that affect the economy, as opposed to the president using executive orders and bureaucracy to make policy?
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My pet peeve is that it doesn't matter to people involved in a cultural war. Nothing does, except cultural purity.
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