Since I see the same argument happening on multiple threads I am going to post this as a separate thread so i can just link it up to the others. The common argument I see from many (I won't say all) liberals is stuff like "look what happened to the economy during Bush's term vs. Clinton's term." As I am a teacher, I am happy to educate you thoroughly on this topic. I am really going to spell this out for you too so there are no questions. Forget about who was president. The president doesn't control spending. The president doesn't pass laws. The president doesn't set interest levels. The president does not set economic policy that influences business and through it, the economy. Congress and the Fed do that. The president can ask Congress to do something, but it's ultimately up to Congress to say "yes" or "no". The president is only responsible when he has a Congress that is willing to do what the president says. This is basic civics. This is shit you should have learned in high school. Let's go back to January, 1993 when Clinton took office. At the time he had a Democratic Senate and a Democratic House of Representatives and they were willing to advance Clinton's agenda. That ended in January, 1995 when the Republicans took control of both houses of Congress. The Republicans were not willing to simply do what Clinton told them and they advanced their own economic agenda. This was the case throughout the rest of Clinton's terms in office. So from January, 1993 through December, 1994 it was Clinton who bore responsibility for the economy because Congress was doing what he told them. From January, 1995 through December, 2000 it was the Congressional Republicans that controlled the economy. Now when Bush took office in January of 2001, just like Clinton's first two years, the Republicans controlled both houses of Congress and they did what Bush told them to do until December, 2006. At that point the Democrats took over both houses of Congress and they told Bush to shove his agenda up his ass and did their own thing. That means from January, 2007 - December, 2008 it was the Congressional Democrats who ran the economy. When Obama took office in January, 2009 the Democrats still held both houses of Congress but they did what Obama told them to do. So Obama was in control of the economy until December, 2010. After the Republicans took the House of Representatives in January, 2011 no one has been able to control the economy because Congress is split. So let me give you a breakdown of who was in control of the economy and when: January, 1993 - December, 1994 = Bill Clinton January, 1995 - December, 2000 = Congressional Republicans January, 2001 - December, 2006 = George W. Bush January, 2007 - December, 2008 = Congressional Democrats January, 2009 - December, 2010 = Barack Obama January, 2011 - now = no one Now there are rare occasions when the president has to work with a Congress that is controlled by the other party and Congress is willing to do what the president says anyhow. This is VERY rare however. One example would be 1985 through roughly mid to late 1987. During this time the Democrats controlled Congress but Reagan was president. During Reagan's first term the Congressional Democrats had a tendency to play hard ball. After Reagan's landslide re-election; however, they did exactly what Reagan told them anyhow because they were absolutely terrified of public backlash due to his immense popularity. This is the exception; not the rule. Now if all you want to do is play the game of looking at a given stat and blaming it on (or giving credit to) whoever happened to be the president at the time to further your political agenda, knock yourself out, but you are basing your argument on a complete ignorance of how government works. If you really want to understand who is responsible for what, stop looking at the dates of presidential terms, and start looking at what happened with the economy according to the dates I just laid out above.