(06-01-2019, 03:36 PM)mikesez Wrote:

(06-01-2019, 10:28 AM)MalabarJag Wrote: In Trump's case, both the corporate tax cut (congress was needed here) and the elimination of Obama-era regulations have had a significant positive effect on the job market. His trade wars have had a negative effect of the stock markets, but that should be a short term effect. Obama's regulations slowed the recovery, while the negative prime rate (by a presidential appointee) boosted the stock market. So yeah, while the economy mainly controls itself (until the socialists take over and turn the US into Venezuela), the president can have some real control.

people smarter than both of us have analyzed where the money that corporations saved from the tax cut went.

Name them!

Almost none of it went to payrolls.
Unemployment was already very low.

Jobs have increased. Workers are getting raises, something that rarely happened under Obama. Are you really trying to claim that more workers with higher salaries doesn't increase payrolls? Are you so invested in the self-proclaimed experts that you ignore your own common sense? (but then you buy the global warming scam, so yeah) Your smarter people (if they aren't just a figment of your imagination) apparently don't live in the real world.

All I'm saying is that the President's control of the economy today is very small - like a 5 or 10% effect at best.  15% to of 20%  the economy is in the government's hands, however, realistically the President can't touch or change most of that. 80 to 90% of the control of how well the economy does rests with the big banks, the big corporations, and people like you and me who might have new ideas.

Here's the thing: if you want to give the president more credit than just that, you should be consistent about it.
You can say that Reagan or Trump did a good job for this reason,
But then you have to say that Bush 41 did a bad job,
And that Bill Clinton did a good job,
And that Bush 43 also did a bad job,
And that Obama cleaned up his mess.

Most of those earlier examples occurred with congressional help, and I did give congress credit for the Trump tax cut. And I agreed that the economy mainly controls itself. The explosive growth of the internet, along with the bubble of computer purchases fueled by the Y2K scare, gave a temporary boost to the economy in the late 90s. The tech bubble burst after people stopped buying new computers (since just about everyone had bought a new computer the year before), which led to the 2000/2001 collapse. The Bush housing mess was due to longstanding Democrat housing policies, and Obama did nothing to clean it up. But you still ignored the effect of regulations imposed by Obama and later removed by Trump. That's a factor where the president can act alone.