4 ms·
In 2016, US GDP was over 16 trillion dollars. Spending approx 0.033% of GDP every 4 years (~6bn per the article) in a Presidential election doesnt seem all tha
by bkohlmann 9y ago
In 2016, US GDP was over 16 trillion dollars. Spending approx 0.033% of GDP every 4 years (~6bn per the article) in a Presidential election doesnt seem all that unreasonable to govern such a large economy.
[edited since i had my original order of magnitude too low!]
- djschnei 9y agoThe president doesn't govern the economy...
- bkohlmann 9y agoHe or she, along with Congress (whose elections are included in these numbers), are directly responsible for the policies that impact trade, deficits, employeer/employee relations, etc. All of which are instrumental in how our economy functions. They may not "govern," but they have immense influence.
- djschnei 9y agoI apologize. Should have said "the president shouldn't govern the economy." You are right, the president does have immense control and influence over the economy. "what is your vision for the economy?" is an easy to imagine debate question. When the president or politicians in general have so much power over the economy, can we be surprised when people value influencing that process as much as they do?
- switch007 9y agoI think what it is spent on is more important than the amount.