2007-09-19 16:37:04 · 3 answers · asked by boomerrangg 2 in Social Science ➔ Economics
People blame the president, and to a lesser extent his party, for economic problems, and they also get the credit for prosperity. High gas prices particularly annoy people and with every price increase Bush's approval rating drops. It may not be fair, but it the way it is. Maybe if presidents stopped claiming their policies will promote economic growth they would not be held responsible for the bad times.
2007-09-20 03:18:16 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Our adversaries are seeing the oil revenues rise rapidly. The US is facing Federal Reserve induced inflation.
However, gasoline prices appear to be headed much much higher: http://www.a2dvoices.com/realitycheck/Energy/ .
2007-09-22 11:13:30 · answer #2 · answered by M D 4 · 0⤊ 0⤋
Democrats will blame republicans, and Republicans will blame democrats.
There's nothing new under the sun, or under the oil.
2007-09-19 16:45:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋