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Author Topic: How much control does the President truly have over the economy?  (Read 4172 times)
solarion
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May 10, 2014, 03:51:50 PM
 #41

He is a puppet of people with money.

Naturally. In this case owned and operated by goldman sachs.

not only Gold man Sachs Was RGB and other wall street firms that threw him parties to promote him, I worked at one of them and they threw him a event.

Sure, there are lots of rich guys barry owes a bj to. I was just going by largest corporate bribes campaign contributions. Goldman also gave the controlled opposition lots of "contributions".

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r34tr783tr78
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May 13, 2014, 02:15:35 PM
 #42

If Goldman Sachs controls the american state and hence the world, I guess the 550 millions it paid in fines to the SEC in 2010 was a political donation (http://www.sec.gov/news/press/2010/2010-123.htm)
Or the 416 million fine it paid to EU last month (http://www.bloomberg.com/news/2014-04-02/goldman-sachs-to-nexans-fined-by-eu-for-power-cable-cartel.html)
ShakyhandsBTCer
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June 14, 2014, 11:31:18 PM
 #43

He is a puppet of people with money.

Naturally. In this case owned and operated by goldman sachs.

not only Gold man Sachs Was RGB and other wall street firms that threw him parties to promote him, I worked at one of them and they threw him a event. 

The president is not accountable to anyone that gives him money. He runs for election at most two times and as unfrequent enough intervals so that as long as he manages the country sufficiently people will donate money to his campaign.

The president controls the economy via regulation and economic policies. He cannot crash it nor can he make it boom but he can nudge it in either direction based on how well he manages it.
galbros
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June 15, 2014, 02:39:21 AM
 #44

In the United States the power of the President is very constrained regarding the economy, in many ways much more than prime ministers in other systems.

If you look historically probably the most influential president at trying to move the economy was FDR and even his new deal was almost derailed by the US Supreme Court, e.g. minimum wage law, that was actually passed by Congress was illegal according to the court until the next year when it wasn't.  Other presidents, Ford, Carter, even more pathetic.

So while the president can sometimes set the tone, either willingly or otherwise, outside of their appointment of the Chair of the Federal Reserve, not a lot they can do, assuming good will.
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June 15, 2014, 03:21:13 AM
 #45

In the United States the power of the President is very constrained regarding the economy, in many ways much more than prime ministers in other systems.

If you look historically probably the most influential president at trying to move the economy was FDR and even his new deal was almost derailed by the US Supreme Court, e.g. minimum wage law, that was actually passed by Congress was illegal according to the court until the next year when it wasn't.  Other presidents, Ford, Carter, even more pathetic.

So while the president can sometimes set the tone, either willingly or otherwise, outside of their appointment of the Chair of the Federal Reserve, not a lot they can do, assuming good will.

The president can influence what laws that congress at least proposes.

The president can regulate via the various government agencies (EPA - obama has used the EPA a lot, SEC, DEA, DOJ, HHS, OCC).

The president can put pressure on Congress to get certain law passed (he is not always successful, but always can start a public debate)
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