The Great Financial Meltdown of '08

[TracyCoxx]

Originally Posted by GRH

SMC makes a valid point about the overall impotence of any president (regarding economic momentum),

A president could increase the debt by several trillion at such a rate that it causes a downgrade of the US credit rating.

A president could add 106 major new federal regulations which end up costing businesses $46 billion overall.

A president could, through the National Labor Relations board, halt the opening of a brand new $2 billion Boeing facility that would have created 1000 jobs in South Carolina.

A president could direct his labor department to restrict how companies hire interns, cutting the link between students and employers.

A president could block construction of the Keystone Pipline that would have given jobs to thousands of Americans.

A president could restrict drilling in the Gulf.

A president could render immigration laws impotent, taking jobs away from Americans and giving them to illegal aliens.

A president could push for passage of card check legislation legislation that would infrinch upon the rights of workers and make the US less competitive.

A president can't do things all by himself, but he can propose them and he can put pressure on congress to pass his policies. With the power of veto, he does have a huge influence on what gets passed and what doesn't.

The list goes on and on.

A president not only could do these things but Obama actually did.