The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.
Sentiment: NEGATIVE
Of course, presidents are always blamed or rewarded for the state of the economy.
People tend to judge presidents on how the economy performs, and yet we don't expect them to have the power to do much about it. Or we don't want them to exercise that power, if they were to have it.
A troubled economy is always the sitting president's fault. It was when Ronald Reagan defeated Jimmy Carter, when Bill Clinton defeated George H.W. Bush, and when Barack Obama defeated John McCain by running against George W. Bush.
This economy is not getting better and the president's policies are the reason.
The president's economic plan doesn't do enough to create new jobs and that has to be a national priority. While there are some signs the economy is improving, it is not translating into jobs.
The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.
Obama has so mismanaged the economy.
I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well.
The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.
After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn't so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.
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