Quote:
Originally posted by sycamore
And who controlled Congress for 6 of those 8 years, including those in which the budget was balanced?
Presidents get way too much credit and/or blame for the economy.
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True enough, the GOP was in controll of Congress for 6/8 years... just as they have been for the entire Bush II administration. If your implied argument- that the GOP Congress was largely responsible for the balanced budgets- is to hold water, then surely you would expect at least a single balanced budget to come from a combination of GOP controll of both Houses of Congress and the Executive Branch.
But, FWIW, I agree that Presidents- and Congress- get too much credit for the vagaries of the business cycle. However, policies
can tweak the cycle so as to enhance it in one direction or the other.
Your ball,
Z