Where Presidents Have No Power

This is a great column by Charles Krauthammer that appears on the back page of the May 10 issue of Time Magazine. It gets to the heart of what I’ve been saying for a long time—Presidents have virtually no control over the economy.

Both sides will CLAIM that the president controls the economy (Bush will say that he’s responsible for economic growth, Kerry will say that Bush has caused job losses and that Clinton caused the ’90s economic boom), but in the real world it’s businesses, investors, and people who control the economy. The government can help or hurt some, but it’s not their show.

Scott Bradford is a writer and technologist who has been putting his opinions online since 1995. He believes in three inviolable human rights: life, liberty, and property. He is a Catholic Christian who worships the trinitarian God described in the Nicene Creed. Scott is a husband, nerd, pet lover, and AMC/Jeep enthusiast with a B.S. degree in public administration from George Mason University.