Who truly has more control of our economy? List below in order of influence and why?

Question

1. President
2. Senate
3. Congress
4. Federal Reserve Board
5. Media
6. Foreign Powers

Answer 1

4. The Fed...they control the monetary policy of the country, or how much money is in the market. By controlling interest rates and how much money is printed at any given time, this has a great affect on how much people pay for loans and the value of the dollar.

1. The President not only implements the budget and policy, but he also gets to appoint governors of the Fed Board and also other economic advisors. Even if Congress passed a budget, he or she would not have to spend the money.

2 & 3. Congress passes the budget and has the ultimate power of the purse. While government spending is a fraction of the GDP, it is still a large share and the amount of money people pay in taxes is less money for the market. Also, a large national debt could crowd out private borrowing, in turn jacking up interest rates. We'll just put the Senate in this answer since they are part of Congress.

5. The media has no control over the economy, but they have the ear of the people. By spinning or telling stories of how well or poorly the economy is doing, this could in turn influence people's spending patterns.

6. Foreign powers have very little to do with the economy, as the GDP is measured by the domestic production levels. One thing foreign powers can do is regulate the cost of goods if we import something important from a country, but that effect is limited and often not as shocking as a domestic price jacking.

Answer 2

I believe right now that the foreign powers have the most control of our economy because of the oil situation. They are causing everything to go up. Next would be the president because of the senate and congress having a republican majority which usually votes to agree with him. Media would be next, letting the people know what is happening in the world and able to vote on issues from it. Last would be the Federal Reserve Board, which does control the interest rate but from watching the economy as they change it, doesn't have much effect.

Answer 3

speaking from two decades journey the protection rigidity does no longer continuously believe contained in the leaders way as being maximum recommendations-blowing or perhaps trust it. the U. S. protection rigidity swears to uphold the structure and ideology do no longer replace with a replace in Presidency or Congressional administration. I served less than President Carter had had little faith in him after about six months, the final public of the protection rigidity did not vote for President Clinton or President Obama so no blind faith for administration exists there. some guidelines I agreed with and some i did not yet my oath became more effective significant then both of those issues so I stayed and upheld my criminal responsibility the the structure and that i'm particular that continues to be actual in the present day. If the protection rigidity ever receives to the point of being blindly committed to any President then the subsequent step will be a dictatorship.

Answer 4

Foreign investors... this can be individuals, corporations or governments. The politicians are merely well paid-off puppets for the people who have the REAL money and power in the world.

Answer 5

Foreign Powers do, during WWI and WWII the government sold war bonds and all the other countries bought them up. If they decide to cash them in we are screwed. That's another reason we are so far in debt. And also our dependencey on oil have put us in a bad situation.

Answer 6

The senate and congress do. The president can't sign anything that the two have not had their hands in first. If the president wanted to give us a break in our taxes, the senate and congress would have to mull is over for months and before it went to the president, they would have added so much too it, your tax break would be gone.

Answer 7

The president can not pass a bill with out the congress. We the people have no say at all.



dp

Answer 8

#4

Answer 9

FED RESERVE BOARD.

Answer 10

1! CORPORATIONS!!!!!!