Merged Economics, politics and the election

[acbytesla]

The real truth is the POTUS is not really all that powerful when it comes to the economy. I don;t think a President can bring on or stop a recession,for instance, he can just manage the response to it
When the economy is bad, the POTUS gets the blame even if he is not responsible, and if it is good he gets credit he probably does not deserve.
If you are POTUS, you are sore of responsible for everything that happens on your watch..

What is interesting is the person who probably has the greatest impact on the American economy (the Fed Chairman) said today it is time to lower interest rates. This has been expected for close to a year. But the board hasn't lowered rates.

 

[thaiboxerken]

The real truth is the POTUS is not really all that powerful when it comes to the economy. I don;t think a President can bring on or stop a recession,for instance, he can just manage the response to it
When the economy is bad, the POTUS gets the blame even if he is not responsible, and if it is good he gets credit he probably does not deserve.
If you are POTUS, you are sore of responsible for everything that happens on your watch..

Actually. If the economy does well, only Republicans get credit.

 

[Silly Green Monkey]

Which specific plan? The generous part is that after 20 or 25 years, all debt if forgiven. Depending on plan and income, your payments are far lower than they would need to be, which would be why the balance is increasing. Having a set time frame of lower payments and total forgiveness is quite generous to me.

They call it IBR, and I don't know anything about the debt being forgiven in a few years. It's a J type loan, not one the government controls.