How long does it take policies for an incoming president to actually impact the economy?
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For example. If a president is inaugurated on Jan 21 and unemployment goes up by 1 percent on February 1st, was it the policies of the incoming president that caused that 1 percent increase (over his 10 days in office)? How about March 1, April 1? How long do you REALLY think it takes? Just using employment as an example metric. A new president would need to have a bill pass both houses of congress. Be signed by the president. The bill would have to have to do something that causes sales to drop (commonly measured by quarter). They would need to react to those metrics and plan layoffs. Employees would receive notice and then have to wait 6 weeks to file. Even if the law were the worst law in the world for employment, it could take years for these things to happen. The economic impact of actions that the current president took are just beginning to take place now. If you really want to measure a president, the period of time you need to use is 2-3 years AFTER he takes office until 2-3 years AFTER he leaves office. And, note I am talking about economy. Other items like Wars do have an immediate impact. What say you
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Answer:
The congress has more of an impact on the economy than the President but people have been brainwashed into blaming the President. It happened with Bush and it is happening to Obama.
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Other answers
it really depends the policy
John
How long does it take policies for an incoming president to actually impact the economy? I don't know. I have not seen any president change anything in my lifetime, so I have no idea.
Scott
For DOMESTIC fiscal policies I'd say 18-24 months. Foreign fiscal policies (like tariffs) happen almost immediately. Currency policies again almost immediately Really depends on the policy.
It is so rare that I agree with Mr Wolf. Every candidates history is well known. If a person is known to be anti business then the investors will minimize their risk. Since Obama is well known for his anti business agenda the investors minimized their risk on a massive scale. The melt down though started in 2007 after Reid and Pelosi took control of congress.
Joe BTGSPLK
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