President’s Can’t Cure Recessions

August 14, 2010 Tom Lindmark

President’s Can’t Cure Recessions: From Megan McArdle, here’s one of the best things I’ve read in a long time:

Whichever way it works out, one side or another will overattribute the 2012 economy to Obama and the Democrats. The fact is, the president can’t do much more than tinker around the edges of a $14 trillion economy–for which we can humbly thank God every day. If presidents really did have the kind of power over the economy that their friends or enemies try to claim, the world would be a much more terrifying place.

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About Tom Lindmark 401 Articles

I’m not sure that credentials mean much when it comes to writing about things but people seem to want to see them, so briefly here are mine. I have an undergraduate degree in economics from an undistinguished Midwestern university and masters in international business from an equally undistinguished Southwestern University. I spent a number of years working for large banks lending to lots of different industries. For the past few years, I’ve been engaged in real estate finance – primarily for commercial projects. Like a lot of other finance guys, I’m looking for a job at this point in time.

Given all of that, I suggest that you take what I write with the appropriate grain of salt. I try and figure out what’s behind the news but suspect that I’m often delusional. Nevertheless, I keep throwing things out there and occasionally it sticks. I do read the comments that readers leave and to the extent I can reply to them. I also reply to all emails so feel free to contact me if you want to discuss something at more length. Oh, I also have a very thick skin, so if you disagree feel free to say so.

Enjoy what I write and let me know when I’m off base – I probably won’t agree with you but don’t be shy.

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President’s Can’t Cure Recessions

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