- Joined
- Oct 30, 2004
- Messages
- 95,963
- Reaction score
- 35,164
Congress is responsible for the economy 95% of the time.
Not even. Except in very unusual circumstances (like the aftermath of the GFC, when interest rates hit 0 and unemployment was still high/inflation was still low), the Fed has far more impact than Congress or the president. And of course, the private sector has a big role. The public just thinks that if things are going well (again, measured by the recent trajectory), the president must be doing OK, but on an individual level, no one really thinks that the president is responsible for the economy--it's just something partisan blockheads say when it's convenient and then correctly deny when it no longer is.
