Politics and the Economy?

Question

What are some positive and negative effects that politics has on the economy and what are some positive and negative effects that the economy has on politics??

Answer 1

Good Public Policy usually has a good effect on an economy.
Good Foreign Policy has a good effect on an economy.

Ignoring obvious bad foreign policy can lead to a recession.

Answer 2

When Johnson took us off gold standard and Nixon took dollar off silver standard, and took silver out of coins it did wonders for economy by sending inflation to double digits. Also controlling money supply via the Fed is one of the biggest factors government has on economy.
Going to use second part of your question to plug President I admired most. Charter knew by appointing Volcker to fed interest rates would be sharply raised, and this would put economy into recession, but he did it because he cared more about ecomony's health than sort term political gain. People with his guts and concern are rare. So we will be dealing with effects of Bush's feel good policies for years, as he lets inflation go wild again. This was very superficial answer because these issues are so complicateed. Explore what would have happened if Clinton did not support the Mexican Paso. Would USA have been able to borrow enough money to fund home land security if enough demoncrates had not ended their political careers by rasing taxes and balancing the working budget.

Answer 3

In the U.S., the government just needs to get out of the way and stop interfering with private industry. Unreasonable taxation will strangle a good economy. A good economy benefits politicians, although they really have nothing to do with its success, although they certainly have much to do with many of its failures (unless they vote to lower taxes).

Excessive regulation is a killer. Just look at Sarbanes Oxley and the administrative and disclosure burdens it placed on companies. It is no wonder companies do not want to do Initial Public Offerings (IPO's) in the U.S. In this case (and others) we have lost our edge in the global economy because of mindless decisions by politicians who have no business interfering with the markets.

Bottom Line: Politics is very negative for the economy and a good economy is very good for politicians (only because people tend to know relatively little and understand even less about how the economy works)

Answer 4

It never got here approximately to you that girls people comprehend so plenty greater approximately make up and sweetness products than adult males? And thats why they're in those sections? females discover politics, financial gadget and technology boring, many times, yet that doesn't recommend that they don't have the brains to have the means to appreciate and communicate approximately it.

Answer 5

Politicians in power may lose their job when the economy is bad.

Answer 6

I agree with liberal. Ditto.