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Christian. Skeptic. Ponderer. Sold on Western Civilization. Background in engineering and software. Rational, but not rationalist.
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Look closer. Think harder. Choose the sound argument over the clever one.
Tuesday, October 12, 2004
The economy Bush inherited
How much control does a President have over the economy? Though he has some influence, I don't think it's clear. Assuming a president has some influence, consider this picture...
This picture is worth a thousand words. The big bump is the Nasdaq rise and fall. As the Nasdaq falls in March, 2000, the S&P levels off and starts to fall.
President Clinton, a Rhodes Scholar, had eight years to prevent the Nasdaq crash. But he didn't.
March, 2000, was during Clinton's administration.
Note that 9/11 did have an effect on the economy.
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