up over 400
katzgar (02-26-2021)
Phantasmal (02-26-2021)
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
In this case this isn't even the economy, being the stock market. It's kind of like gang warfare. No one really knows how it began but it's just about killing the other side. In this scenario, years ago someone credited the President on their side for the stock market going up. Someone on the other side then blamed that President when it went down. And thus the stock market flame/troll wars began.
It's mindless but its engrained.
Diesel (02-26-2021)
domer76 (02-27-2021)
The federal government can really only effect the economy by adjusting interest rates, printing money, and regulating industries, among some other things. Since the government pretty much refuses to do its job to regulate corporations (see the global financial collapse of 2008 and the GameStop drama), it's truly mindless for partisans to blame or credit the president based on a breeze in the air.
Yep! I'm sure we've all heard the adage the President gets more credit, and blame, than they deserve. But especially with the stock market there really is a disconnect between the regular economy and the performance of the stock market. And the Fed plays such a huge role in that. The reality is many Americans know very little about what the Fed does and the role it plays. So they attribute every thing done to the President instead.
Diesel (02-26-2021)
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