So...
...you disagree. Great.
You are entitled to your opinion.
I'm not saying that the President doesn't have "any effect whatsoever"...just that their impact is relegated to very few aspects of the overall economy. Tax policy and spending are the major areas...and both of these things have an effect.
HOWEVER, neither of these things, alone or combined, will throw the cycle. Might lengthen an up, or slow a down...but it will not make an upcycle a downcycle.
And EVEN IF IT DID, then you are blaming the wrong guy...still...because the economy hit the skids under Clinton's last year in office. The only thing you can say about Bush's policies are that they are continuing Clinton's final legacy of killing the economy (which is not the point I think you are trying to make ;-) )
You were born...and so you're free...so Happy Birthday! Laurie Anderson
[link|mailto:bepatient@aol.com|BePatient]