Can a President Tame the Business Cycle? is the headline in the recent NY Times article on Sunday about several economic indicators and how they have fared during various Presidential terms. Many of us have believed this for years, but it’s clear that most informed observers believe that the President does not have as much as impact as we hope they will when we step into the voting booth.
As expected, the next President will be reacting to the economy, NOT the other way around.