“Our research reviewed American economic performance since President Roosevelt installed the first Federal Reserve Board Chairman – Republican Marriner Eccles. We observed that even though there are multiple impacts on the economy, it was clear that policy decisions within each administration, from FDR forward, made a clear difference on performance. And relatively quickly. “Presidents universally take credit when the economy does well (such as Reagan,) and choose to blame other factors when the economy does poorly (such as Carter.) But there was a clear pattern, and link, between policy and financial market performance. “Although we hear almost no one in the Obama administration taking credit for record index highs, they should. Because the President deserves attention for how well this economy has done during his leadership.” forbes/sites/adamhartung/2013/05/16/economically-could-obama-be-americas-best-president/
Posted on: Thu, 16 Oct 2014 04:57:41 +0000