riskable , 20 days ago

Unless the president does something monumentally stupid (like telling people not to wear masks during a pandemic) the president has little impact on the economy (or oil prices). Why do people keep talking about the president like he’s got a great big series of valves that controls the economy? It’s ridiculous!

Any decision the president makes that will impact the economy is most likely to have an impact ten years later. Sometimes an impact can be felt sooner than that but it’s usually not a good thing for the economy… Like starting a war or closing the borders.