There are two ways to make changes that impact the economy. They are done directly by the Fed, and take 6 weeks to 3 months to cause a change. They are done indirectly by congress, and take 6 months to a year to cause a change. This is basic common knowledge that can be found in any Intro to Macroeconomics text book (if you can't find your own on Google, I'll be happy to put up links if you ask).
Obama has been in office for over 2 years. His first "tweak" to the economy was passed 2 years ago, and signed into law a week from now, 2 years ago. There has been twice as long for the max time required for his changes to take effect. Is he "allowed" to be responsible for his own policies yet, or shall we continue to blame them on someone who has no direct or indirect influence on the economy since 2008?
Answer by Scuba at 11:26 AM on Feb. 6, 2011
Answer by jesse123456 at 11:27 AM on Feb. 6, 2011
He is responsible for his own failed policies in the US.
He is NOT totally responsible for the nuances and ramifications of a struggling global economy- Unfortunately, it's all connected-
Answer by Sisteract at 11:30 AM on Feb. 6, 2011
Answer by Justmom223 at 11:35 AM on Feb. 6, 2011
Answer by lovinangels at 11:38 AM on Feb. 6, 2011
Answer by scout_mom at 11:39 AM on Feb. 6, 2011
Answer by Anonymous at 11:39 AM on Feb. 6, 2011
This economic crisis was global not just the US.
Agreed- In the "industrialized" world- Obama can not control other nation's responses either, no matter his "navigational" skills. Thankfully...bullies on the block should not be tolerated, right. J
Answer by Sisteract at 11:39 AM on Feb. 6, 2011