In response to prolate0spheroid's comment:
In response to TSWFAN's comment:
More BS. The policies promulgated by the the gov't affect peoples /business's action. Just look at TAX LAW for example!!!!!!
Of course they do. But that doesn't mean that there aren't a lot of other factors that have nothing to do with government policy and that typically exert an even bigger impact.
If you think the problem is tax law, tell me exactly what Obama has changed in the tax code that has been so bad for business?
By the way, one can make a very good argument that the biggest thing the government did that impacted the current economy was deregulating the financial industry.
Some might buy that But the COMMUNTY REINVESTMENT ACT passed in the mid nineties with Frank and Waters "rolling the dice" was a major cause of the FINANCIAL crisis along with mortgage lending to everybody who wanted to cash in. 20% of that lending was speculator driven. Big banks packaged the loans to"knowing buyers". FANNIE/FREDDIE, gov't agencies were used to 'guarantee" the loans. GOV,T INTERVENTION started the debacle. Did not happen in Canada because the Gov't did not "guarantee" loans to people who could not afford them.