Cons say Bush has had zero effect on oil prices. Which in turn means Bush has zero effect on the value of the dollar. Which in turn says Bush has absolutely no control of fiscal or trade policy.
Anybody with ANY common sense knows the President has GREAT influence on fiscal and trade policy and to not at least partially blame him for a weak dollar when in the same breath blaming a democratic president for inflation in the late 70s seems hypocritical and ludicrous.Why do cons say that Bush has absolutely no control over the value of the dollar?
This would hold for a country with an independent central bank which can refuse and bloc budgets from the government (especially in case of to large deficits).
In the case of the US, the FED is not a totally autonomous bodyWhy do cons say that Bush has absolutely no control over the value of the dollar?
First, let me state that I am an Independent voter.
It's always been the same old game with both the left and right; if gas prices are low and the economy is strong, the president at the time takes all the credit (even though he has nothing at all to do with it); if gas prices are high and the economy weakening, the current president gets all the blame (even though he has nothing to do with it).
Economic matters are the sole domain of the Congress, and gas prices are set by commodity trading in an open market based on supply and demand. Those are the facts.
Let me remind you that it has been two years since the Democrats rose to power in the Congress on the election-year promises of lower gas prices. Were they just saying whatever they thought we wanted to hear because they knew their was nothing they could really do to lower those prices? I'm still waiting for them to even TRY to make an effort to uphold those empty promises. Apparently they are too busy voting to name Post Offices to get any real work done. Their job-approval ratings are even lower than the president's.
Bush sat down recently with the Saudi king and ask him to increase oil production with the intent to reduce oil barrel pricing but Saudi said no shortage of oil ITS YOUR CRASHING DOLLAR that is the cause of it,,Bush has then cut interest rates%26lt;our dollars value%26gt; at least 6 times more ,,UP WENT THE PRICE OF OIL,,,you understand that I'm sure...chow f.p
I don't understand. Liberals have taught us to be ashamed of the ultra-high value of our currency. We dare not be so haughty. Now they are wailing about our currency not being of ultra-high value. Liberals confuse me. They cannot escape their self-hating guilt no matter where they place the blame.
Well, they may say that because the Federal Reserve is a non-government organization.
That is a good question. However it also appears to be rhetorical, so I doubt you'll get any decent answers to it.
Amen to that ! a star and a cookie for you
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