In American politics, it is axiomatic that presidents get (and take) the credit for economic prosperity and the blame for downturns. The reality is the state of the U.S. economy at any given time results from factors that the president can control, such as his own policies and leadership style; factors that he can't control, such as conditions in China, Europe and other distant markets; and factors that he might influence but probably shouldn't, such as the decisions of the independent [...]
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