Posted by
Contrarian Guitarist on Friday, June 13, 2008 6:29:59 PM
... and the Executive branch enforces them. Civics 101. Thomas Edsall makes this point at his
Huffington Post article about how BHO is "moving to the center"...
"At the same time that the economy flourished during Rubin's and Summers' tenure (1995-2000) -- per capita income rose from $22,153 to $25,469 in inflation-adjusted dollars; median family income rose from $53,349 to $59,398; and unemployment fell from 5.6 to 4.0 percent -- both Treasury secretaries were accused of acceding to Wall Street pressure to eliminate deficit spending at the expense of the poor and unemployed."
Forgetting completely that Rubin/Summers/Clinton had virtually nothing to show for their tenure. The heavy lifting was done by the congress. But hey, if they want to take credit for that mild boom, how about taking credit for the massive dotcom crash that really created what everyone now knows as an artificial boom.