postman
Diamond Member
- Feb 23, 2017
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The OP has it backwards. The president doesn't control the economy. The economy controls the presidency.
Voters elect Dems during bad times. Dems increase taxes and regulation. Eventually the economy improves ON ITS OWN. Because good times never last and bad times never last.
When the economy improves enough, people vote in Republicans who will keep taxes and regulation low. these are the good times. Eventually the good times go bad (because good times do not last forever) and the cycle repeats.
There's a reason why a Dem president presided over the Great Depression
You don't understand economics.
In the past the, usual boom bust cycles, had recessions lasting much longer, before recovering on their own. But more economic controls, regulations etc, has greatly shortened the length of recessions, and the frequency of boom bust cycles.
U.S. recessions have lasted an average of 17 months since 1855, though they have become shorter and less frequent in the modern era. Post-World War II recessions (since 1945) have averaged just over 10 to 11 months, significantly shorter than the 65-monthlong "Long Depression" of the 1870s.