Trump Says He Has Authority to Reduce Capital Gains Taxes

[Benton]

(08-21-2019, 02:55 PM)PhilHos Wrote: And, yet, people still blame/credit the President for being in a recession or getting out of one. 

Directly, agreed.

Indirectly is a little different. The POTUS appoints a number of people who impact the government's effect on a recession. They can and do directly impact the economy. And we haven't really had the issue until Trump, but what a president says does impact markets. The usual fluffy talk of 'the economy is strong' or 'American businesses are going strong' doesn't do much, but toss out terms like 'trade war' or 'tariffs' and the market will respond. Along the same line, ignoring warning signs can make markets concerned, as is part of what's happening now as the administration plays off fears of a recession