this post was submitted on 06 Jun 2026
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I think in both your examples and ehm ... recent events suggest a president absolutely can drive an economic 'downturn.' Now technically - the president, with a motivated congress, can and have pulled the reverse uno on such events. The sticky bit is it requires both foresight , intelligence (the real kind), and a willing resolve to do things which result in a greater good - even if those choices are unpopular.
I will agree that, as you noted, such changes are not immediate. Economics in general moves slowly - and for good reason.
With that said: the new deal and related moves absolutely were the bedrock that the following "rise of capitalism's golden period“ was built upon. A bit of irony in that statement... but regardless - that upturn was the result of a strong guiding hand from the administration.
Banger response btw. That was a pleasure to read.