Why do people in the US think that the President is responsible for the economy?

Answer 1

Because people in the U.S. are basically ignorant about how the U.S. economy works and how much control we have given to the Fed.

Answer 2

Even though it isnt' completely obvious, the actions by the executive office have a huge impact on how the rest of the world views our country. That world view is a big factor in whether or not large investers are attracted to our country, rather than somewhere else.
Also, when the executive office decides to play war games and perform police actions, large enough conflicts do affect the price of oil, which has a huge impact on small business.

Those are only two ways, in which the actions of the President affects the economy. There are a whole bunch more if you wish to actually research the idea with an open-mind.

Answer 3

Because it is the President's responsibility to administer the framework that guides the economy.

Answer 4

...Because when the economy is performing WELL, Presidents and their sycophants TAKE CREDIT for said occurences.
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Answer 5

Because he takes credit for anything good that happens, it is always due to some policy he started or did not start.

Answer 6

He is seen as the leader of the country -- and thus much of what happens get attributed (rightly or wrongly) to him, because it happened "on his watch".

Answer 7

Magic Mushrooms and Meth.

Answer 8

http://www.whitehouse.gov/news/briefings/20010507.html

stem cell research......foreign policy.......military spending....


class dismissed